Most news stories take this for granted. They shouldn’t.
I can attest to this. I live outside of Washington DC and houses are moving. This is the land of guaranteed employment and home to the wealthiest households on average in the United States. The main reason? The primary industries here are regulation, wealth extraction, and war. “Growth” industries as of late.
To buy or not to buy? New regs just muddy the water more.
We have written before about the fact that beach houses, at least those right on the beach, make no sense from an environmental or economic standpoint.
If one makes over $200,000/year and if one realizes at least $250,000 in gains if single or at least $500,000 if married, on the sale of a home, one gets to pay (an additional) 3.8% to the federal government.