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Old 04-18-2014, 09:58 AM   #7 (permalink)
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When I sold my shop I built a house. It took 16 months to finish. We lived in it for 3.5 years and sold it for $335K. It cost me $160k (even including the cost of a truck). At one point it was appreciating at $500 a week and when we sold it the gain ($165K) was tax free, no Fed, state or social security. We used the gain from the first house to build the second house. 10 years living in house #2.

The wife buys a new car when she wants one and pays cash. Her combined income is much higher than mine, which can cause problems at times but overall it works out OK.

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