Hi @complexity. All in all, I guess we're lucky. A year in and we don't regret the purchase. You never know when you buy a house what you'll find out.
As for the tax. I guess in a way we have the value. It's in the house we own now. Maybe it's fair we get taxed on the gain, in a way, because when we sell this house we certainly won't have 49 years appreciation to pay taxes on. And when my kids inherit it (I hope), I believe they get the stepped up value. So, if the government doesn't collect the taxes now, they'll have given up that revenue.
I'm pretty good at being the devil's advocate, aren't I?😇
As for Medicare. I'm appealing, probably to no avail. They are ridiculous. We don't have added income and we paid the gains tax. They are just being greedy.
Thanks for letting me think out loud on this one.
Hope you have been well. I have a few blogs I'm planning for the Rant community. Watch out😂