Re: OT for those that purchased a home 2 years ago

On Jul 31, 9:10 am, arlo payne <arlo_pa...@xxxxxxxxxxx> wrote:

my parents bought their house for $25,000. it is now worth more than
$1 million. (piss poor investment, eh ). are you saying if my dad sold
that house and bought another one with his 1 million, that he has
gained nothing? btw, his total taxes on that 1 milllion would only be
39k due to some legal manuevering a few yrs ago)

Well it is pretty clear to replace the house it would cost him 1 Million is that
not correct?

yes, but that 1 million dollar house is paid for. still qiute an
investment starting from 25k.

.

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