How will capital gains exemptions for people buying foreclosed on houses on their 2nd,3rd,etc house,other?
Long-term capital gains isn’t about buying homes (especially since there are no gains going on there these days). You primary residence is exempted from all capital gains if you roll it over into a new home, and you have to hold onto an investment one year for long term capital gains tax to kick in or else it is regular income. Additional Info: I would be hesitant to instigate incentives to speculate on real estate at the moment. I don’t think the solution to the bubble bursting is to attempt to create another bubble in real estate. Unfortunately for home owners, I don’t think there is a quick fix because home prices really inflated too quickly to be sustainable. Rather, the effort in that area would be better spent in stopping the bleeding (require higher capital reserves on real estate derrivatives so there is money to survive defaults at the investment bank level, possibly buy up some of the foreclosed properties and rehabilitate them and slowly put them back onto the market, and pr
