ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
27 February 2020, 08:26 AM | #31 |
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No way...even if downsizing and left with surplus cash, but especially not if upsizing and carrying a mortgage.
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27 February 2020, 08:27 AM | #32 |
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OP bit of a tease. Obviously made good on house purchase and will have cash to spare when sold and perhaps moving to new location or downsizing. Why not get the Daytona? Although, you could also argue that paying off a mortgage should take priority over a wristwatch. A friend of mine was Scrooge McDuck for 10years (drinking water in bars, TV on an fruit box) but he now owns his place.
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27 February 2020, 08:35 AM | #33 |
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27 February 2020, 08:57 AM | #34 |
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Shelter first before any other luxury.
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27 February 2020, 09:17 AM | #35 |
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Spend 'SOME' of the profits? If you don't need it for your next move, sure, why not treat yourself..but no on a tona. Well, It's your money..so go ahead, Enjoy.
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27 February 2020, 09:21 AM | #36 |
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If I were downsizing, sure why not? Life's too short. Do what makes you happy.
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27 February 2020, 09:22 AM | #37 |
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Selling house for a Rolex
Where does the Rolex Daytona fit on Maslow’s Hierarchy? As important as food and shelter?
Or would the Daytona be considered more important? Perhaps even creating an entirely new tier. Sent from my iPhone using Tapatalk
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27 February 2020, 09:25 AM | #38 |
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If you are using after-sale profit; paying down equity on another house, or treating yourself to a watch are simply financial decisions, no biggy.
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27 February 2020, 09:28 AM | #39 |
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I took a mortgage out on my paid-off house to fund a Rolex. I don't know if the wife noticed.
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27 February 2020, 09:38 AM | #40 |
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people can take the title of the post the wrong way. If you're selling your house for the sole purpose of buying a rolex then I would not do that. If you are planning on selling your house anyways then there is nothing wrong with buying whatever you want with your money.
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27 February 2020, 09:43 AM | #41 |
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Never!
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27 February 2020, 09:47 AM | #42 |
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Interesting thread !
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27 February 2020, 09:55 AM | #43 | |
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Quote:
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27 February 2020, 09:57 AM | #44 |
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Where in Wales? Might not be enough. But seriously if you are thinking of selling anyway and want to put some of the profit into a Rolex then that's fine as long as you are not hurting yourself over the mortgage payments etc.
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27 February 2020, 10:01 AM | #45 |
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27 February 2020, 10:07 AM | #46 |
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Selling a house for a Rolex? Never.
Spending a fraction of the proceeds of a house sale on a Rolex? Maybe. It all depends. |
27 February 2020, 10:25 AM | #47 |
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A terrible idea if you ask me.
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27 February 2020, 10:41 AM | #48 | |
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Quote:
Mike |
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27 February 2020, 11:15 AM | #49 |
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Sure, why not? Money is money. Is it the smartest decision you could make? No. But then again putting money into watches is never the smartest financial decision anyone could make.
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27 February 2020, 11:27 AM | #50 |
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Just bought a $265k house an hour ago. Wanna buy a home?
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27 February 2020, 11:40 AM | #51 |
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Even if we had more information about your overall financials etc, nobody here is qualified to tell you what you should do with your proceeds from home sale. That’s a decision for you, your family and any financial planners.
To answer your question: I have not used the proceeds of any home sale for any luxury goods. All proceeds have been rolled into subsequent real estate purchases. But my situation may be very different so as they say YMMV. Good luck with the sale |
27 February 2020, 12:24 PM | #52 | |
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Quote:
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27 February 2020, 12:30 PM | #53 |
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27 February 2020, 01:10 PM | #54 |
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Trade it for a Rainbow and leopard then live in a motel
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27 February 2020, 03:00 PM | #55 | |
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Selling house for a Rolex
Quote:
You are correct. It is NOT one time. You can do it every 2 years if you like and are up on your homes or flipping them after renovation. Tax free profit every time. If you have to move for a job you can do it in less than 2 years tax free from the deduction is reduced by the ratio of months to 24 months. https://www.irs.gov/businesses/small...state-tax-tips
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27 February 2020, 03:07 PM | #56 |
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I might have a different point of view than many financially enlightened folks.
I've never understood those folks who walked away from their houses during the economy crisis here in the US. You walked away just because the house you are living and paying the mortgages worth less now than what it worth back then? I've never considered my house as an investment, it's a darn place for me and my family to live. At the same time, the typical us Americans keep moving around houses too, who here remained living on their first house? Rolex as an investment? I don't know,,, it's just darn fancy watches to my eyes. Just my $0.02 |
27 February 2020, 03:39 PM | #57 | |
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Quote:
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27 February 2020, 04:00 PM | #58 |
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No.
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27 February 2020, 04:22 PM | #59 |
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Sure.
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27 February 2020, 04:24 PM | #60 |
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