(04-01-2024, 04:05 PM)The Drifter Wrote:

(04-01-2024, 04:04 PM)The Real Marty Wrote: You mean to say the value of our homes has gone up under Biden?

If you like that, You'll just LOVE that Capital Gains Tax you'll get hit with if you sell..........

The only reason a person has to pay capital gains tax is if they had a capital gain.  This is not a bad thing.   

But otherwise, if you have a capital gain on the sale of your home, you can avoid the tax completely.  

Capital Gains Tax On Real Estate And Selling Your Home | Bankrate

"You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 of your profits if your tax-filing status is single, and up to $500,000 if married and filing jointly. The exemption is only available once every two years. But it can, in effect, render the capital gains tax moot."

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(04-01-2024, 04:05 PM)Lucky2Last Wrote: This will happen under Republicans too, until they develop a backbone and start standing up to these corporations who are driving up rent and housing prices. I will say this could be alleviated by more housing, but a lot of this is manufactured.

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(04-01-2024, 04:04 PM)The Real Marty Wrote: You mean to say the value of our homes has gone up under Biden?

Dude. You are such the problem.

You don't seem to believe in free markets at all.  If you stop rent and housing prices from going up, you would remove the incentive for people to build more houses.

You have an odd political position.  You say you support Trump, but you are actually to the left of Bernie Sanders.

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