[quote=AN][quote=The-Shoveler] If your going to sell and be done with a property I think that is fine. But IMO it is very unlikely we would see the kind of decline that would make it worth it to sell and try to buy again just for the profit.
That was a once in a life time (thank goodness).
anyway IMO.[/quote]It all depends on how high it does and how quick it gets there. My crystal ball is broken, which is why I’m leaving all potential response on the table. If we see 2005-6 inflation (3-5%) adjusted price soon, then hell yeah I’ll sell, I might even sell my primary. Key word is it has to be inflation adjusted from 2005-6 price, not the 2005-6 nominal price. Which mean, your average 1/1 condo in MM would be $350-400k, your average 2/2 condo in MM would be $500-550k, your small 3/2-4/2 in MM would be $850-900k, the larger house in MM would be $1.05-1.1M, etc.[/quote]
Um … AN, I don’t see any of the above happening in the forseeable or unforseeable future. So, you probably should plan on keeping any real property you happen to own in MM for the rest of your life and let your “heirs” figure out what to do with it.
