4 ms·
In some markets, the last 2-3 years of price increases put a LOT of folks over the $250,000 (x2 for married couples) gains deduction. I wonder how many folks ar
by vanilla_nut 3y ago
In some markets, the last 2-3 years of price increases put a LOT of folks over the $250,000 (x2 for married couples) gains deduction. I wonder how many folks are hesitant to sell at a price that'll cost a serious amount of taxes if they're going to end up buying a new overpriced house anyway. Folks in major metro areas could see some serious costs due to those taxes.
- wil421 3y agoI would bet most people across the US are not going to hit the 250k or 500k mark. How much more is it 5%? I’m not sure, 5% of 500k is only $25k more in taxes. I don’t have enough time to parse this data but it is very interesting to me that my state’s home prices has increased 2% more than California since 1991. https://advisor.visualcapitalist.com/growth-in-u-s-house-prices-by-state/ https://advisor.visualcapitalist.com/growth-in-u-s-house-pri...