So much is at issue. The capital gains exemption of up to $250,000 ($500,000 for married couples) would require living in the house five of the previous eight years (currently, it’s two of the previous five). That’s going to cause a nightmare for some folks who move every 2-4 years because their job relocates. I’m surprised they didn’t raise the exemption amounts given the longer duration.
How many buy and sell a house every 2 years plus have it appreciate by $500,000 in that time? This scenario seems unlikely.
plenty of other jobs or careers, or they can rent if constantly moving. House buying is not a right or even a must for people.