rmcelwee
Recycles dryer sheets
- Joined
- Sep 2, 2018
- Messages
- 446
You have completely changed the question, or at least that not how I took it. I could see myself having to sell the house 20 years from now if my wife died and I had to go to some sort of assisted living. 50% appreciation in 20 years seems reasonable. No reason to call me lame for making an educated guess on that.And throwing out a number just to throw one out is a bit lame..... there are comps that you can look at...
So... IF you really think that it would sell for $3 million the day after it is completed then IMO it is a no brainer...
IF, however, your scenario is that after working and saving for 30 years to build this very specific custom house, living in a cramped 750 sqft single wide trailer for 4 years waiting to complete it, then on the very day it was completed I decided that $2.5M in remaining investments was not enough, and decided that SS wouldn't pay the small bills that we might have (no water, no sewer, no utilities, not much of a food bill, zero travel, etc) and just had to sell it for some reason, I'm guessing there is a chance that we could lose some money. Good point to ponder...