[jimmaswell]

> Meanwhile homeowners do nothing and have tax-free returns. Yearly returns larger than my net salary.

What do you mean, their theoretical home value going up? What good is that until or if they sell, better home equity loans?

[s1artibartfast]

In the US at least, there are many ways to avoid paying any taxes on home sales. You get a 500k tax deduction every 2 years for primary residence swaps, or do a 1031 exchange to avoid taxes on rentals.

I had a peer and we both made 120k with 35% taxes. In the last 10 years he made 2.5 million trading up houses tax free. Roughly 2x our salary per year tax free.

A lot of jealousy going around. I try to say good for him, but a lot of people have more trouble with that.

[zionic]

>35% taxes at 120k

Your real tax rate is likely close to 50%. You’re almost certainly not including payroll tax, sales tax, and property taxes in that number at that income level.

[s1artibartfast]

I was talking abut income tax, so Parole yes, sales and property no.

I also excluded registration and Licensing fees, and capital gains.