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I know this really isn’t your question, but if you’re going to be doing some version of van life, you may want to check out Cheap RV Living in the link below.
There’s great information there, as well as hundreds of videos.
It sounds like big changes are on the way.
Good Luck..
Good luck on the move Christine.
Congratulations on reclaiming your time and focusing on your priorities.
Hey Dylan,
Back in 2018 I sold my former house, primarily due to my own financial situation. I had been buying time, by spending down my retirement savings in an attempt to stay at my house by the beach.
When I determined to go to option “B”, I put the house up for sale. I’d been watching the market and knew prices were high. I didn’t know which way they would go next, but the safe move was to take the money and run.
I’ve run the numbers since them. My old home has appreciated at least 2 times the new one. However, when you look at the real numbers, the appreciation I would have realized, would not have been as great. There would have been capital gains taxes and the property tax base for my now house would have been higher. I’d also been using retirement funds to stay put. That involves taxes and penalties and that sheltered money would have been reduced if I’d remained.
Then there are the intangibles. The financial stress at that point would not have been fun. Buying, selling and moving during the pandemic would have been rough. Through dumb luck the perfect house (for me) became available at the perfect time for a great price. Also, last year, a large acreage adjacent to my present property was listed for sale and I bought it. These would not have been available if I waited.
Obviously luck was on my side.
There are a lot of factors pushing home values up. Demographics plays a large role in this. The numbers of millennials forming families and purchasing homes is huge. I don’t know that we’re going to see a crash again. The federal reserve seems to be determined to not let that happen. Even if there is a recession, don’t be surprised if other forms of mortgage forbearance crop up.
To sell now and sit it out, seems a bit risky to me.
You’re smart in doing the research ahead of time.
Good Luck.
For what it’s worth, this is the link to my original post started in 2018.
My biggest take away is the amount of encouragement and excellent advice I received from forum members regarding moving to and living in a rural community. For that I am appreciative and grateful.
I’m glad to help.
Sometimes, I’ll run this type of search just to get a feel for what’s available.
These are active listings in the state of Oregon.
As Jay mentioned above, I sold my home near the beach in 2018 and relocated to a rural area in the high desert. The difference in home prices was about 3X.
Since then, both houses have appreciated greatly. I can’t imagine house shopping in this crazy market. Even though my former house has appreciated, it would cost me more to buy this one and my property taxes would be higher.
In California, we have proposition 13 which limits, how high annual property taxes can increase on a home you already own. There is also a proposition 60/90 that allows people 55 or older to transfer their tax base to another residence, as long as it is equal or lesser value to the home sold. This is a one time only benefit. To my knowledge, these only apply to California.
You may want to see if Oregon has similar statutes on the books.
Also there is a federal tax exemption on capital gains (profits) made on the sale of a primary residence. Currently it is for $250k of profit ($500K for married couples). Generally the states also follow these guidelines. To qualify you must have lived in the residence at least two of the last 5 years.
This is all just food for thought. I am in no way an expert or a financial advisor, so please verify all of this if you choose to go this route.
I made the move long before the Pandemic and have absolutely no regrets.
It took me a long time to find this affordable area to live. Prior to that, I was in much the same situation as you.
The best advice I can give you is to keep looking at other areas. Eventually, you may find one that works for you.
Good luck
You actually used to be able to see what another Ebayer was bidding on. If someone was buying the same type of items as you, you could look at their bidding history to find good deals and outbid them if you chose.
This was way back, when hardly any information was hidden and most listings were auctions.
Also, when searching sold listings, it went back years, not just 90 days.
That sounds a lot like what COMC already does for sports cards.
https://www.comc.com/Cards/Baseball
They’ll have to be pretty selective on what they allow in, so it doesn’t turn into an oversized storage locker.
I think there is definitely a market for it.
Wow, what a score for you and your store.
Congratulations on having the knowledge base to know the value of these and the instinct to go for it. These opportunities are few and far between.. if ever.
I don’t think the question is if you’ll make a profit.. the only question would be how much.
Good luck.
I got the message too. I never looked at the 1099, so I don’t know what’s on it, but my sales are way under the $20,000 limit.
Check out https://www.youtube.com/results?search_query=resale+rabbit
He does pallet buys and store closeouts. He also sells on Ebay and Amazon. He’s got a warehouse and does clearance dollar type sales several times a year to clear inventory.
I think his business model is great.
Generally credit card rewards are not taxable.
Why does you title say xrtra large when the jacket is XXL. This creates confusion.
Chest measurement is very important. Basically it’s armpit to armpit times 2.
If I’m including pictures of the measurements, I often used a yardstick rather than a tape measure.
That’s a nice find. Good luck with it.
