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From: sms <scharf.steven@geemail.com>
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Subject: Re: Politics for the s5tupid 4 ticks
Date: Thu, 7 Mar 2024 13:57:00 -0800
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On 3/6/2024 2:47 PM, Jeff Liebermann wrote:

Using the value of your house as part of your net worth is very 
misleading, especially in the Bay Area. That is not real money that you 
have access to. You'd have to sell your property and pay a lot of 
capital gains taxes, then you'd have to move somewhere else and buy or 
rent. There are no taxes on the paper increase in value of your house 
until you sell. To claim that that paper profit as income is ludicrous.

-- 
“If you are not an expert on a subject, then your opinions about it 
really do matter less than the opinions of experts. It's not 
indoctrination nor elitism. It's just that you don't know as much as 
they do about the subject.”—Tin Foil Awards