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Updated over 5 years ago on . Most recent reply

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Michael P.
  • Rental Property Investor
  • Brooke Park Drive
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1,979
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Sell my primary residence to avoid the coming crash?

Michael P.
  • Rental Property Investor
  • Brooke Park Drive
Posted

All signs point to a crash.  I see it daily on BP.  Just look at the overvalued stock market and real estate market.  So how do I turn this into a win win situation?  I propose selling my primary residence, pocketing $450,000, waiting 8-9 months until the crash brings the value down to $200,000 and then re-purchasing back my house, or a neighboring house if its not for sale.

After I take away commissions and temporary rent I will pocket the $200,000 profit that will in-turn be reinvested into out of state F class areas, since the crash will force what used to be the middle class to move into the war zones to be able to survive.

Please find any holes in my plan.

Most Popular Reply

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

holes in your plan:  it's 100% speculative

best advice you can get: stop listening to journalists and biggerpockets members for predicting future market events. 

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