Nearly 30-Year-Old Capital Gains Tax Exemption Rules Blamed For US Housing Shortage Authored by Mary Prenon via The Epoch Times (emphasis ours), With median home prices exceeding $1 million in many U.S. housing markets, some real estate professionals are drawing attention to a 28-year-old capital gains tax law, citing it as one factor contributing to the nationwide housing shortage. The expansive penthouse terrace of a 4-bedroom, 4.5 bath, 3,619 SF condo in Greenwich Village, Manhattan, listed at $11.9 million. Courtesy of Nest Seekers International, NYC A recent report from Realtor.com shows that California is home to 8 of the 10… — Continue at ZeroHedge News : Read More
