No, it's not. and let me tell you why. Let's rewind a little bit. Two years ago, we were coming out of COVID, the market was bananas, interest rates were low, and you were doing whatever you could to get into the home, right? So now you've been in your home for two years, and it might not be the perfect home that you thought you wanted. Maybe you want a bigger backyard. Maybe you need a bigger home. Maybe you didn't do those inspections, and your home is a money pit. For whatever reason, now you're thinking you want to sell.

But let's talk about this. Two years ago, you probably put 20% down. So let's talk about an $800,000 home in the Conejo Valley. You probably put 20% down. You put down $160,000. Well, you know what? Your appreciation has gone up by 22% in those two years. So now you've earned additional money. So now that your home is potentially worth $976,000, that's an additional $176,000 of equity that you can bring with your down payment—the additional $176,000—and now you've got $336,000 to move into another home. And the icing on the cake is that there are no capital gains because you've been in your home for two years. Again, if you plan to sell in two years, this is an excellent opportunity and a good time.