this post was submitted on 29 Apr 2025
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Real Estate

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I work a fully remote job and love to travel while doing so, but am also interested in buying a home, partially as an investment & partially as a place to start building out some of the things that I love (I'm a homelab nerd & love tinkering and need a place to put a 3d printer / NAS / etc.)

I currently have enough money for a down payment & can afford a monthly payment. My thinking was to buy something near where my parents live, live in it for a year or two while I work on some of the aforementioned hobbies before traveling again. However, the common advice I see is to not buy something unless you intend to live there for the next 5-10 years; however, I don't intend to live in any one spot for the next 5-10 years. Is buying a home a bad idea in this context?

Thank you so much

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[–] ooo@sh.itjust.works 2 points 2 days ago (1 children)

Where I live (US) if it’s your primary residence for 2 years, your profits from sale are tax-free up to $250k ($500k if married)

So 2 years is a general starting guideline.

[–] ApplyingAutomation@lemmy.world 1 points 2 days ago (1 children)

I'm also in the US, is this true in every state?