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mopinko

(73,012 posts)

4. that's how it used to b.

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Jul 31, 2025, 11:43 PM

Jul 31

i’ve owned my home for 38 yrs. made tons of improvements that i never kept track of. it’s now worth 10 times what i paid for it. if i sold, almost 39% of that money wd go to the irs. if i’d kept careful track, i’d cut that in half.
this will help homebuyers, cuz i’d need to hold out for absolute top dollar to walk away w much. my plan is to stay here til i die, and let my heirs worry about it. but honestly, i shd sell. the place is way to big for just me.

i cant believe i’m ageeing w empty greene. but she’s right on this.

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crazylikafox NoTrumpNo

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Highlight:

Trump wants to 'unleash' America's housing market -- and is throwing his support behind MTG's big plan for US real estate [View all] Yo_Mama_Been_Loggin Jul 31 OP

Oh great, as if he wasn't already causing a recession Metaphorical Jul 31 #1

You seem to be misreading the proposal Ms. Toad Jul 31 #2

Thanks for this, MT. The detail of having to live in a house for two years... brush Aug 2 #26

Making it more lucrative for long time homeowners to sell would benefit anyone wanting to buy DBoon Jul 31 #3

I agree Dave says Aug 1 #10

you're assuming a couple. mopinko Aug 1 #14

Most people don't have much Dave says Aug 1 #16

for most ppl, their homes r their biggest investment. mopinko Aug 1 #18

Median house value is $410.8k Dave says Aug 2 #19

that's how it used to b. mopinko Jul 31 #4

Capital gains tops out at 20%, not 39% tinrobot Aug 1 #7

ty. i forgot about that. mopinko Aug 1 #11

The heirs wouldn't pay on capital gains Dave says Aug 2 #20

I support. We need turnover on the housing market Melon Aug 1 #5

It only matters if the gain exceeds $500/250k Dave says Aug 2 #21

That's not true. Any $250k house in in 2016 Melon Aug 2 #24

What's not true? Dave says Aug 2 #25

The lack of affordable housing has continued to moniss Aug 1 #6

Basically, this would give big tax breaks to rich people tinrobot Aug 1 #8

a cap is fine, but housing prices in a lot of places r well above that. mopinko Aug 1 #12

I agree, the limits were set in the Clinton era and never adjusted tinrobot Aug 1 #15

They weren't indexed but they were adjusted Dave says Aug 2 #22

I'm in a profession acutely aware of what would happen if this were to be implemented. W_HAMILTON Aug 1 #9

you're assuming they cd use it over and over. mopinko Aug 1 #13

Not correct Dave says Aug 2 #23

Can we please get these fucking idiots out of our government now? Initech Aug 1 #17