Also this math leaves out the ~$110k of broker commissions on the sale of a $1.9M house.
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Yeah I'm curious about this. People say cap gains inhibits sales for LT property owners but if you're getting, say, a 4X & buying cheaper in
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that time of yr - I can help build an instant city for 74k ppl but my home city can't even make incremental progress - reality v reality :(
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Well, that and 2010 was probably the bottom of the real estate prices in the Bay Area after the 2007 recession...
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Prop 13. 'nuf said
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