Comment by renewiltord
5 days ago
Extraordinary home! Great design. Especially love the cat stuff. I have to say, it’s wild that something “moderate” like an i5 / 4070 build is so powerful these days. It’s middle of the line in this era but it’s enough to play practically anything.
Also, this is a classic example of the power of leverage. $200k down on a $1m home, home goes to $2m gives you a $1m profit on ~$240k. Accidental, in this case, but nice.
to see that upside on a home requires you 1. sell and 2. buy somewhere cheaper (or not buy at all) ... Otherwise it's a zero sum game. Home for a home.
Indeed that’s what OP did. Bought in the Bay low, then sold high and moved to Austin, where presumably the increase in value is again sufficiently high because Austin prices skyrocketed in the last 5 years.
Yes! My point is simply that, unlike an investment property, it's often hard to "see" the upside on a home sale. OP appears to have reinvested significantly in the epic new land + gaff, and also makes the point that prices have since been declining in Austin. The fact it's a home means that all this is a bit of an aside to the real transaction.
Yeah OP is winning at life about 10 times over.