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To: Vigilanteman
I have financial advisors among my business associates who are advising the following course of action for their wealthy clients:

1. Sell your home now — for tens of thousands of dollars above the asking price.

2. Live in an apartment for 18-24 months.

3. Buy another home in the same neighborhood after the hysteria subsides and prices come crashing down again.

Just an FYI ... FWIW.

9 posted on 09/18/2020 8:28:03 AM PDT by Alberta's Child (“There’s somebody new and he sure ain’t no rodeo man.”)
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To: Alberta's Child

We are forming a top right now in the real estate market. It has been going up for eight years here.

There will be foreclosures in about 2 years. That will be the time to buy back in again. IMHO.


38 posted on 09/18/2020 8:47:27 AM PDT by woodbutcher1963
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To: Alberta's Child

Capital gains can screw you really good then, I recommend you have to talk to a good tax attorney before doing that.


52 posted on 09/18/2020 9:06:01 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: Alberta's Child

I live in Northern Gwinnett County in Georgia. The county Indoctrination System is building a STEM school two miles away. I am planning on selling my home in two years and then moving away from Gwinnett.


69 posted on 09/18/2020 10:30:01 AM PDT by Dacula ( If you won the lottery, would you mail in your ticket or go in person? Remember that when you vote.)
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