Hello blinders I'm wondering is there a first time buyers advantage? Any strategy to avoid/reduce capital gains tax on vested stocks to buy first time home? TC 320K
Sell long term gains first.
If you're in Washington state beware that there's a new tax law doing an 8% capital gains tax on capital gains over 250k (real estate excluded). This mainly hits home buyers who liquidate large amounts of RSUs to buy a house. Depending on your timelines you might want to sell some RSUs in 2024 and then more in 2025, just to avoid it
You get taxed on vested stocks when they vest bud. Holding vested stock is taxed exactly the same as getting a cash bonus and going all in on Apple.
only if you need for downpayment, over the long run stock will beat home loan interest, no benefit of putting 21+% down
I have been seeing a lot of people buying their 1st or 2nd homes (either for rental or new primary home) in bayarea over the past month. But here on the blind - I see everyone says stocks > RE. Curious on the conflicting data. I understand about the 1st home but 2nd home in the bayarea is again 1M + with rents much lower for the first few years.
Chinese love RE