Talk about eliminating capital gains tax
Boston Condos for Sale and Apartments for Rent
Talk about eliminating capital gains tax
What does President Trump think about eliminating capital gains tax:
President Donald Trump says he’s eyeing the elimination of capital-gains tax on home sales as a way to coax more people into selling their homes, amid a housing market that’s been frozen for nearly three years by high prices and high interest rates.
Oh great – aren’t the potential home sellers going to wait-and-see if this bill gets passed before listing their Boston condo for sale? Could this be what finally slows the surge of inventory?
First we had people (buyers and sellers) waiting for rates to go down, and now more sellers will want to wait for months or longer to list their home for sale.
Then once we know when the bill might pass, there will be a hyper-stimulated surge of new listings as sellers recognize that it will be better to get out early on this one. It’s going to be insane, and unlike anything we’ve ever seen before!
An artificially-screwed up market….again!
