Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion
Soup@lemmy.world 4 hours agoAnd how much have wages gone up? $500k is still very expensive, sounds like maybe it should be a little more but it sounds more like a consequence of letting housing prices run away for a few decades.
Delphia@lemmy.world 3 hours ago
Either you shouldnt be paying any capital gains on a primary residence full stop or it should be on a sliding rate over time. (20% for first year -1% per year after)
Buying a house (even a mcmansion) and living in it for 30 years isnt a hustle or an investment strategy… its just living.
deathbird@mander.xyz 19 minutes ago
That’s… actually an interesting way to slow down flippers.