Location DOES matter: The BEST way to protect the equity in your home

Sovereign Confidential

Alert

Sometimes, trends don’t make sense on the surface.

The world has been roiling from the pandemic and the lockdowns (and the soft openings and the re-lockdowns) for months… and yet:

  • Canadian housing prices jumped 6.5% last month

  • In Britain, average property prices are up 2% since March, and according to at least one trend tracker, are the highest they’ve been since 2001

  • After a downturn in the spring, the housing market in South Florida is back up, with many buyers streaming in from “Boston, Chicago, Connecticut, Long Island and New York… most [looking] for single-family homes,” according to the Miami Herald.


Given the financial parameters of the past few months, one would not necessarily think housing prices would rally.

But as we predicted a few months ago, people want OUT. They want to find a place that’s more free. They’re tired of being treated as children by their state and local governments.

That’s why we wrote today’s piece.

When you move and buy a new place, location matters -- because depending on which state or province you move to, you’ll either be protecting the equity in your home, or potentially setting yourself up to lose it.

Laws around this idea are called homestead exemptions (at least in the United States, though we cover Canada here, too).

If you move to Florida, it doesn’t matter whether someone sues your business, or a kid falls in your pool, or the Bolsheviks take over… creditors cannot take your home or the money in it. But in Missouri? Only a few thousand dollars of your equity is protected.

Find out more about why homestead exemptions are so important… and where location, location, location matters most.

Sometimes, trends don’t make sense on the surface. The world has been roiling from the pandemic and the lockdowns (and the soft openings and the re-lockdowns) for months… and yet: Canadian housing prices jumped 6.5% last month In Britain, average property prices are up 2% since March, and according to at least one trend tracker,…

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