Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: No Mo Mo who wrote (61296)	3/25/2005 5:02:18 PM
From: Peter Dierks	Read Replies (1) of 74559

Married gain exclusion $500,000, Single or MFS $250,000. must have lived in it two of the last five years. Substantially all of your gain could be tax free. Is the exclusion going to survive in the future? Are real estate prices going to rise? fall? Try the Ben Franklin method. Take a blank piece of paper, and draw a line down the middle. Write reasons for keeping on one side and reasons for selling on the other. Fill in your reasons. This is not a multi day excercise. When you are done, whichever has the greater number of good rational reasons on it is the winner. DO NOT AGONIZE OVER YOUR DECISION LATER. It was the best one you could make with the information you had right now.

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