"Nobody knew or cared that we were renters instead of owners. It’s possible to realize the capital gains if one doesn’t get too attached to the idea of ownership, and is willing to consider renting."

“My parents moved several times as the family situation changed, e.g. moving into bigger houses closer as the family grew (six kids!), moving to different parts of town to be close to certain schools we attended, and then downsizing as the kids left home. Usually they sold and bought, but at least on one occasion when they felt the market was unusually high and it was time to downsize anyhow, they sold at a tidy profit and rented for a few years while the market came down. Nobody knew or cared that we were renters instead of owners.
It’s possible to realize the capital gains if one doesn’t get too attached to the idea of ownership, and is willing to consider renting.”
- Gerry Beauregard, Canadian Singapore-based Software engineer, at VREAA 24 July 2011 11:55pm