"Let's be specific about what we're taking about, because we can quantify it. It matters most to those who have at least $1 million in capital-gains, and we know that the first half of it is already exempt. I'm not an accountant, but I'm assuming the fed and state tax on the other $500,000 in equity will be around $160,000. So, the whole conversation is about saving $160,000 in taxes."
"First, let's identify who won't move: Those who are 75+ years old. It's probably too late. They've been comfortable in their home and neighborhood for decades, health is in decline, and the mountain of stuff needs to be sorted. No thanks, we're good here. The affluent. They already have a cool Boston luxury condo, and they don't need to uproot everything and try to find a better Boston condo for sale over a measly $160,000."
President Trump's $200 billion MBS purchase aims to lower mortgage rates and stimulate housing demand. Lower rates will increase buyer affordability and could raise demand, but supply determines market balance. Doubling the primary-residence capital-gains exemption mainly benefits homeowners with at least $1 million in gains by exempting the first $500,000 and potentially saving about $160,000 on the remaining $500,000 after federal and state taxes. Many sellers will remain immobile: elderly owners, affluent condo-holders, landlords, and those with only $600,000–$750,000 in equity. The policy change alone is unlikely to produce a large, immediate flood of listings.
Read at Boston Condos For Sale Ford Realty
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