Thank you. I did consider the Heloc route and using it as an inexpensive bridge loan. I expect above average market volatility which I could use to pay off the Heloc. Hard to predict whether real estate however would help dampen volatility and provide historical norms of appreciation or whether it will also suffer a downturn from excessive valuations. As Gadget mentioned thinking of it as a lifestyle choice is simpler. Held long enough almost everything appreciates.Work it out on a spreadsheet - figure out what the taxes would be if you sold, and what your taxes would look like with a mortgage, and compare.
It's possible that using the HELOC to buy it and then paying it down relatively quickly is more tax-advantaged than doing it otherwise.
Statistics: Posted by stevebf — Tue Feb 04, 2025 8:49 pm