When our prices return to 2007 levels (and the rebound is just starting)- your equity appreciation should be at least $25,000! This gain on your principal residence will be tax free.It is troubling because the choice of words implies a certainty which has no basis. Not only is there a false certainty it also wrongly describes the current market as the 2009 rebound ended 8 months ago.
Monday, August 2, 2010
This condo ad represents a low in marketing with a self-serving view on future appreciation. (emphasis mine).