YOU Decide: The NEW Modern Holy Trinity

[italiafan]

Originally Posted by llngoc

This is like when the house you live in appreciated 10x but so what if you do not plan to move. Also, unless you downgrade, it would be more to buy the next home anyway. This price appreciation only encourages people to hoard instead of buying and wearing what they love.

Exactly. I live on the water in a tropical area, palm trees and 85F today. My house has exploded in value. If I sell it to move to a little nicer waterfront area down the road about 25 min I’ll need at least $8M to get what I have here (probably closer to $10M...almost zero inventory). Yes, my house is worth more. But you know what the property tax on an $8M house is...~$100K per year “rent” to live in a home you own. Forget insurance... (Luckily my current home tax is homesteaded and can’t go up by more than 3% per year...but over the last 2 years my insurance has increased by ~ $12K per year.)

[llngoc]

Originally Posted by italiafan

Exactly. I live on the water in a tropical area, palm trees and 85F today. My house has exploded in value. If I sell it to move to a little nicer waterfront area down the road about 25 min I’ll need at least $8M to get what I have here (probably closer to $10M...almost zero inventory). Yes, my house is worth more. But you know what the property tax on an $8M house is...~$100K per year “rent” to live in a home you own. Forget insurance... (Luckily my current home tax is homesteaded and can’t go up by more than 3% per year...but over the last 2 years my insurance has increased by ~ $12K per year.)

At least with watches, you can sell one (maybe one)

But seriously, I keep trying to sell something but can never bring myself to do it even with the crazy price being offered.

[enjoythemusic]

Originally Posted by italiafan

Exactly. I live on the water in a tropical area, palm trees and 85F today. My house has exploded in value. If I sell it to move to a little nicer waterfront area down the road about 25 min I’ll need at least $8M to get what I have here (probably closer to $10M...almost zero inventory). Yes, my house is worth more. But you know what the property tax on an $8M house is...~$100K per year “rent” to live in a home you own. Forget insurance... (Luckily my current home tax is homesteaded and can’t go up by more than 3% per year...but over the last 2 years my insurance has increased by ~ $12K per year.)

^^^ sooooo this, and sounds like one of our homes. As much as they have approved doubling the planned community size, being #1 in USA has not held back big price increases. We're staying put as 3% a year @ years ago works well for my timepiece habit.

[italiafan]

Originally Posted by enjoythemusic

^^^ sooooo this, and sounds like one of our homes. As much as they have approved doubling the planned community size, being #1 in USA has not held back big price increases. We're staying put as 3% a year @ years ago works well for my timepiece habit.

I think we might be neighbors.