Sentences with phrase «market as a primary residence»

I bought it at the height of the market as a primary residence and then rented out two years later when I moved.

Not exact matches

I plan: 5 % — swing for the fences 10 % — save for big blue chip bargain buys that pop up throughout the year 10 % — VNQ, other than our primary residence, I have no exposure to RE, so this should help with that 15 % — VXUS, international index exposure 60 % — VTI, total stock market index (as I get older, I will be also adding BND or a bond fund, but at 32, I'm working on building equities!)

For each property you own and list on your personal taxes, enter the type — primary residence, investment property, undeveloped land, etc. — address, date of purchase, original cost and the present market value — on the as - of date.

While there are valid arguments at this time as to whether one should rent or own their primary residence given the absurd amount of debt most are carrying on their principal residence along with artificially cheap money and the boomer influx about to hit the real estate markets across Canada over the next few years it would seem you are okay in that area.

* Condo 2009 fair market value of $ 225,000 — 2002 purchase price of $ 200,000 = $ 25,000 → you owe tax on this capital gain * $ 25,000 divided by 2 = $ 12,500 → the capital gain you will be taxed on * $ 12,500 x marginal tax rate (we assume 30 %) = $ 3,750 * Then you'd need to add in the tax owed on your house: The house fair market value in 2015 of $ 620,000 — appraisal value in 2010 of $ 550,000 = $ 70,000 → you owe tax on this capital gain (as your condo, not your house was your primary residence) * $ 70,000 divided by 2 = $ 35,000 x marginal tax rate of 30 % = $ 10,500 * The 2001 to 2009 appreciation of $ 300,000 would be sheltered as the house was your primary residence during those years.

So I have been an Airbnb host for about a year and a half with my primary residence (in - law suite in the basement as well as private rooms) and just got our second property up on the Airbnb market.

So yeah... I bought a condo as a primary residence in 2006 at the top of the market and I've regretted it every day since.

I know as a rental it looks skinny and it's above the market value for the house, but I was also looking at it as a potential primary residence for a short time ~ 5 - 7 years, but just not sure it's worth it and thats why I on here consulting those who know more than me.

I think more people in this segment of our market treat their primary residence as a sanctuary rather than a utilitarian home.

The report includes a market analysis of trends and activity in eight major cities across Canada, combined with a national poll that measures attitudes, upbringing and beliefs of high net worth Canadians, as defined as individuals with assets of at least $ 250,000 (excluding real estate) and a primary residence valued at a minimum of $ 500,000.