Quote:
Originally Posted by Penglobal
Hello and thank you for your reply -
In """"""MY""""" opinion, my rental house is a structure to live in and call home, not a business venture, but a home and thanks to the market, I am living comfortably and I don't require any more money nor stress. As a single female, the ability to rent allows """""me""""" the opportunity to feel my way around which is an experience as a married male you may never understand. Additionally, I still hold residence in PA. and I enjoy the ability to move and live anyplace I wish. BTW - You will not profit six figures or any amount until after you sell and move out of your residence. Thank You again.
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"BTW - You will not profit six figures or any amount until after you sell and move out of your residence."
A simple fact, that all too many don't seem to be able to grasp. Like stocks, you haven't "made" anything until you sell or in the case of a home, use a HELOC and/or refinancing to take out equity. The universal philosophy ahead of
every single bust or recession this country has ever been through, is along the lines of -
"buy now, prices will always be going up."