Posted on 07/23/2025 2:34:34 PM PDT by JV3MRC
CNN .. all you need to know. They’d do significantly better if they grabbed their journalist right out kindergarten.
They’re Communists. This is how Communists think.
Some idiot Freepers believe this
With Inflation, selling a home for owned for >40 years really doesn’t resualt in generating much in the way of Real Capital Gains.
Inflation is a Tax. Even at the “Fed Target” of 2%. {It’s total kr@p.]
With Inflation, selling a home for owned for >40 years really doesn’t result in generating much in the way of Real Capital Gains.
Inflation is a Tax. Even at the “Fed Target” of 2%. [That Target is total kr@p.]
It’s actually not a bad take. Higher expected returns tend to increase demand in anything.
This is really a bad policy idea, given the financial situation of our country and those who have already made out like bandits with our mortgage-deduction policies.
It increases the value of a house as an investment against inflation.
It simultaneously gives people wishing to sell their homes a reason to do so now that they won’t be taxed as heavily, thus increasing the number of homes on the market.
So how those two countervailing forces work out will be situational.
CNN are dumb asses thats why. I told my mom that Trump might remove capital gains taxes from home sales and she was THRILLED are you kidding this would make the housing market BOOM like crazy
Using the words CNN and logic in the same sentence is not........ Logical.
Oh yes. The Lost Angeless leftists are pushing “affordable housing” in the burned out areas. Also, anyone building or rebuilding MUST install solar energy systems on the roof.
One way to analyze it is if you permanently raise the capital gains tax on houses, will that raise or lower house prices. You would think it would be the opposite direction of permanently lowering capital gains. Short term changes may be different.
And those same commies are suggesting that us boomers sell our homes to make room for up and coming home buyers.
That is a hard no. My house is paid off. In a short time, I will be able to freeze my property taxes (hitting 65).
Lower the mortgage deduction to $200k-one time only. That will lower prices.
Why should anyone taking out a million dollar loan need any kind of tax break?
So you believe in a progressive tax?
Do you call yourself a “conservative”?
If you answered both yes your critical thinking needs a tune up.
“It simultaneously gives people wishing to sell their homes a reason to do so now that they won’t be taxed as heavily, thus increasing the number of homes on the market.”
How many couples have more than $500,000 appreciation in their home?
The exemption is $250,000 for single and $500,000 for married filing jointly. This is on the gain, not the sale price.
“Lower the mortgage deduction to $200k-one time only. That will lower prices.”
Can you rephrase that and explain what you mean?
There are a bunch in the San Francisco Bay Area.
the main issue liberals do not understand when it comes to economics is simply supply and demand.
right now we have a lot of demand and little supply so prices are high.
If anything increases the supply or decreases demand prices will go down
a change in the tax code that allows people to sale with no taxes would increase supply and drive down prices
Capital gains on houses is not a static percentage. If you sell a house in less than 2 years, the CG tax is high. If you do not live in the house, it is different than if you do. Many people think of their house as an “investment” so reducing or eliminating capital gains incents those at or near retirement to “cash out”. There are those that hold onto the house until they die, simply so they can pass generational wealth to their offspring. When you inherit a house, the basis of CG resets to the value of when you got it. Elimination of CG would cause a pretty dramatic reset of the housing market, because now people could sell, keep the money and pass the remained to their children. Within a year or two, this would significantly reduce housing costs because there would be a glut on the market. In addition, it would reignite the flipping market, because those old houses are usually in bad condition, and margins are actually tight on flips now, so more people would get back into doing that as a business. This would improve the job market, especially in the trades, which are generally good paying jobs.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.