I was thinking and I think I realized something .. Let's say you sell your house for $400k and then you buy a house someplace else for $150k. You made $250k but you have to pay taxes on that ? Has that happened to anyone ? Although maybe the first $250 is excluded from taxes (I was just remembering) ?

In that case, suppose you sold your house for $400k and bought one for $100k, how much tax do you on the extra $50k ? Does it depend on your total income, so if you are retired and didn't make…

Moving someplace cheaper