No, you are correct, the market recently did shift recently, so I too like you am trying to understand where the long term trend is pointing to in spite of the short terms shifts.
What can I say, keep it coming! I am actually planning to sell mine in 2022 to take advantage of the capital gain exemption.
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What is the exemption?
Cap gains tax exemption on primary residence is 250k for single person, 500k for married couple, provided owner has lived in the house for 5 years
Thatâs been true for awhile. Whatâs special about 2022?
Actually 2 years is enough
Thatâs my last year to qualify (3 yr since I moved out in 2022).
Nothing has changed, and thatâs a problem for us in Bay Area.
In most other parts of the US, 500k cap gains tax exemption is plenty - a young family who buys a home for say, 400k, and sell it 20 years later and their gains will be less than 500k in other cities.
But here in RBA, if a family buys a home for 2.5M, 500k in gains is just 20% - it will appreciate that much in 3-4 years. If the family lives in the home for 20 years, it may be worth 8-10M. Selling such an appreciated home would be a big problem because one would lose over $1M in cap gains tax and RE commissionsâŚ
.
Cash out re-fi and invest proceeds in Austin rentals and FANGMANT.
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Pending in 6 days. Whatâs your guess @Roy321?
https://www.redfin.com/CA/Fremont/32965-Bluebird-Loop-94555/home/584444
Market has been vibrating recently.
$1.85 ish?
Yea, knowing the listing agent 1.8-1.82 is her goal.
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We both made incorrect guesstimates 
https://www.redfin.com/CA/Fremont/33467-Caliban-Dr-94555/home/1137060
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Wow. Didnât expected that. I thought things were slowing down at that time.
Nothing seems a stretch nowadays 
Wow. Identical house by same agent sold Nov last year for 1.68M and now 1.95M. Quarter million left on the table for last yr seller.
https://www.redfin.com/CA/Fremont/33120-Falcon-Dr-94555/home/1383640
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