Capital assets went up a surprising amount during the pandemic. My stock portfolio and my house are worth a lot more than they were 2 years ago.
I feel a temptation to use that money. I also have a nagging feeling that it’s somewhat artificial (the govt pumped a ton of money during the pandemic) so I should cash out before it falls.
I was lucky enough to buy into a great neighborhood in a city years ago. If I sold now and quit my job, I could live farther out and get more property for less money, and pocket the difference.
In the U.S., capital gains on your primary residence can be kept tax free up to $250,000 ($500k if you’re married).
I feel a temptation to use that money. I also have a nagging feeling that it’s somewhat artificial (the govt pumped a ton of money during the pandemic) so I should cash out before it falls.