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Is your house key to your retirement?

Rechtshaffen writing in the Globe and Mail says:

"My mother, who is a real estate agent, has often mentioned to me that if you live in a city your whole life, the only significant real estate purchase and sale decisions are the timing of your first home purchase, and the sale of your last house. The logic behind that statement is that if you sell your first home in a down market, you are also buying your second home for cheap, so to some degree, your losses balance off against your gains."

See article by Ted Rechtshaffen in the Globe and Mail »

October 22, 2010 in Real Estate Investments | Permalink

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Comments

The post is asking if your house is the key to your retirement

Posted by: real estate licence course | Dec 11, 2012 8:05:55 AM

Is it the right time to invest in real estate. Am planning to invest in property, so can you guide me.

Posted by: realestate | Feb 21, 2012 2:10:54 AM

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Posted by: FCI Exchange | Nov 17, 2011 4:05:37 PM

I meet with clients all the time and they are always trying to time the market. They always ask the question, when is the best time to sell so we can make the most amount of money. I always respond by telling them if they sell their home in a rising market, they are going to buy another house in the same market. So technically, there is no right or wrong time when you are buying and selling because it always balances out.

Posted by: Brampton Power of Sale Homes | Mar 7, 2011 10:38:31 PM

Nice information that states that if your mortgage is strangling your finances, get out of it whether or not you're underwater! You and your family don't deserve to suffer to add to some banker's profits! And if you're in this situation, you'll probably end up foreclosing anyway. It's far better if you get out from under your mortgage, whether or not it's an underwater mortgage, while you still have some money left.Really like the suggestion.

Posted by: builders richmond va | Jan 29, 2011 4:46:48 AM

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