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The median home price in California is rapidly approaching $1M, Wouldn't this just lock up the real estate market even more?
by kec 5y ago
The median home price in California is rapidly approaching $1M, Wouldn't this just lock up the real estate market even more?
- wing-_-nuts 5y agoYou can exclude 250k / 500k for single / married folks. It's quite generous.
- dv_dt 5y agoSelling a $1M home doesn't mean you have $1M in income, so I think in general it wouldn't impact the real estate market except perhaps at the much higher end - maybe $5M or higher. Our housing market would probably be more sane if developers had more pressure to focus on building units in the middle to low end of the market anyway in California.