[dmcummins]

Wow, I don't know how you guys can afford to live in California. Property values have risen around here also in the last few years. I live in a small town outside of St. Louis. I bought a 4 1/2 acre lot on the edge of town and had a 3000 sq ft home built two years ago. This year I divided the lot so I could sell two 1 acre lots. I sold the first one for 50% more than I paid for the 4 1/2. I have a builder who is suppose to sign a contract on the other acre on monday. Same price, 50% more than I paid for the 4 1/2 acres two years ago.

I have to believe low interest rates are driving Real Estate prices everywhere and I too am just trying to take some money off the table.

In hindsite I should have situated my house on about 3/4 of an acre and subdivided the rest into 1/2 and 1/3 acre lots.

The bad part is since I subdivided I'll have to pay 15% capital gains instead of a house sale.