I see it the same way as everything else. If my income increases, I may pay more taxes. If my investments do well, I may have to pay more taxes when I sell them. If my house appreciates, i will pay higher taxes for the privilege of continuing to live there.
In each case, I expect my overall financial position to be stronger than the reverse. Of course, sometimes you are lucky or unlucky with timing. We moved from our smaller house to a bigger / more expensive one and nabbed a 2.6% mortgage before prices went bananas. If we downsize at some point, maybe we will also be lucky to sell high…or not.
Thus is life.
In each case, I expect my overall financial position to be stronger than the reverse. Of course, sometimes you are lucky or unlucky with timing. We moved from our smaller house to a bigger / more expensive one and nabbed a 2.6% mortgage before prices went bananas. If we downsize at some point, maybe we will also be lucky to sell high…or not.
Thus is life.
Statistics: Posted by invest4 — Tue Sep 24, 2024 9:01 pm — Replies 41 — Views 2007