Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion

<- View Parent
Wrufieotnak@feddit.org ⁨19⁩ ⁨hours⁩ ago

That part is normal?

For real estate there is always a loss involved. Because multiple people and their work are involved and the state also wants their taxes of course. What you want seems to be ‘government not involved’ market of real estate and I’m not really a fan of unregulated markets. They tend to fuck us normal persons even more.

The discussion for this article is about downsizing the house and that is definitely possible, even after paying that tax.

source
Sort:hotnewtop