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A Policy Proposal to Increase the Utilization of the Current Housing Stock
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A Policy Proposal to Increase the Utilization of the Current Housing Stock

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
May 02, 2023
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CalculatedRisk Newsletter
A Policy Proposal to Increase the Utilization of the Current Housing Stock
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Here is a policy proposal that would likely help increase inventory in many areas (especially in high-cost areas) and would increase the utilization of the current housing stock.

Currently, when a property is sold, the IRS allows a $250,000 exclusion on the gain for an individual (or $500,000 for a joint return). From the IRS: Sale of Residence

If you ha…

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