Sounds great if the property is appreciating, which doesn’t seem to be the case right now. I bought a house in 1990 and it took almost 10 years for me to be able to sell it with any measure of real gain.
Even so, at a steady appreciation rate and assuming many folks just put all their proceeds into their next house (which has appreciated as well), it seems tough to realize those gains. Sure, no taxes on those, but my tax outlay continues to increase, as is the case for me this time if I get right back into home ownership.
I assure you, I’d love to own a home again (have my eye on one right now), but it’s a bit tough to make economic sense out of the decision.
