Home › Forums › Housing › RMHC 2013 SD Raffle Dream House- The Crosby RSF › Let’s get down to brass
Let’s get down to brass tacks.
Take the home, pay the nearly 49.9% (probably about 47% effective) income tax on it, financing the $1.6 million into a mortgage.
Sell it, pay the 5% commission and net something?
Or just take the $1.6M cash and pay probably north of 45% effective income tax, netting close $900K.
Which is better? If you turn to sell that place, will you get anywhere near the $3.2?
