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

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…