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Comment by somishere

5 days ago

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.

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somishere

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renewiltord  5 days ago

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.

  • somishere  5 days ago

    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.