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It is money in the bank though. Even the bank says so by letting you take out a big HELOC from your gains.
He can sell his DT condo in a heartbeat and rent and invest the 400k into the stock market. He can leverage his place and upgrade into a bigger home or stay put and HELOC a second rental property. Or move out of BC and buy a home cash money and be mortgage free.
All these options are available to him, our parents and many others who bought early.
What you guys call papers gains are problems I would love to have.
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