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Originally Posted by CyberAge-Dave
92K richer but no roof over your head?
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Nope, just sleeping on the sidewalk with the two kids. : )
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Originally Posted by jjgold
Rent until the market pulls back.
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That is exactly what we are doing, we would like to build and have never lived in CO before. So we didn't want to jump into another mortgage. So gonna rent for a year to see how we like it here and then build.
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Originally Posted by Peaches
Old rules. You don't pay capital gains taxes on the first $250K ($500K if married filing jointly) of profits from primary residences any more. Even if you decide to do nothing but party hard with the $$$
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But you have to have lived in the primary residence for two years.