To free up the housing market, open a 4 yr window of no cap gains tax on primary residences. Decreasing tax benefit after that. This tax relief will increase sales, lower prices, and relieve pressure on housing stock. Apt. dwellers will then buy these homes. In CA, this one time tax benefit could mean saving $200,000. For a chance, at retirement, to save this much money, older folks will jump on it.
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Used to be a two year window. I believe it was Obama who stole that. It needs to come back. I would be happy with the original two years but four years would be great.