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Originally Posted by jdulej
Good post! I came here from California, where housing swings can be heart stopping. It is usually all about timing and not letting yourself get into a spot where you are forced to sell. For work, I used to drive from Sacramento to Phoenix from time to time...
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It sounds like you are from my neck of the woods
I sold my home located in a suburb of Sacramento in the fall of 2020. I made some profit on it but had I waited six months I really could have cleaned up.
As for predictions that things will flatten out or continue with modest growth, it all depends on what happens on a federal level. Will the Fed raise interest rates, will there be tax increases in 2022, which might include figuring in your assets and investments?
I heard the government now wants basically all income and banking transactions to be monitored and reported to the IRS. Not just the usual $10,000 plus transaction, the threshold will be lowered and might include savings, IRAs, etc. so that might scare a lot of people. They gotta pay for those multi-trillion dollar spending sprees somehow!