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A comment on Investors bought a record share of U.S. homes in 2021. Parent comment

Re:Investors bought a record share of U.S. homes in 2021 by rcpt on Thursday February 17, 2022 @03:04PM (#30377953)
You get $500k in capital gains waived when you sell your house in California. You don't get that with GameStop stock
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Re:Investors bought a record share of U.S. homes in 2021 by TomVDB on Thursday February 17, 2022 @03:46PM (#30378429)
That’s for principal residence, not investment properties: https://www.nolo.com/legal-encyclopedia/the-250000500000-hom....
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Re:Investors bought a record share of U.S. homes in 2021 by pkaye on Thursday February 17, 2022 @03:32PM (#30378271)
Doesn't that exclusion also exist at the federal level?

https://www.irs.gov/taxtopics/tc701

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