How California Became America’s Housing Market Nightmare

Re:How California Became America’s Housing Market Nightmare by x0x0 on Wednesday November 06, 2019 @02:51PM (#21466414)

Well, you pay tax on your gains on that stock sale. The claim is you shouldn't on houses; it should be a tax-free investment.

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Re:How California Became America’s Housing Market Nightmare by collias on Wednesday November 06, 2019 @04:52PM (#21467861)

You definitely pay taxes on a sold property (capital gains, like stock), assuming your profit is over $250k, like this example. Prop 13 doesn't affect that.

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