Quote:
Originally Posted by Regorp
My wife and I wonder how someone can spend up to 500k for a beautiful new home and use it so sparingly. Such a waste, so we choose to live year round and forget about CT. Florida is our home!!
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Easy. They sell their Orange Co. CA home they bought for $250K for $1M after a decade, then buy another house for $1.5M and sell that a decade later for $3M. Sell that house, then they buy a house in TN for $1M, A house in The Villages for $500K, and then they invest the remainder. In the meantime, for the next couple decades, both the TN and the FL house continue to appreciate in value as does the remainder being invested.
See, Easy.
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current
Last edited by ElDiabloJoe; 07-22-2024 at 02:52 PM.
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