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Re:The Rise of the Forever Renter Class by ryandrake on Tuesday May 07, 2024 @12:05PM (#40287490)
> It used to be that if you sold one house and bought another for same price then there would be no appreciation taxes, but that stopped a few(?) years ago.

The IRS's 121 Home Sale Exclusion still applies which allows you to exclude $250,000 ($500,000 if married) of capital gains on the sale of your primary residence. For an investment property, you can also do a like-kind exchange to defer taxes.

Re:The Rise of the Forever Renter Class by bombcar on Tuesday May 07, 2024 @12:26PM (#40287800)
If you really need to, there is a tricky path via that to avoid some tax.

You convert the current appreciated house into a rental (this is a non-taxable event).

You rent for whatever the required timeline is, and then 1031 exchange it to a more manageable rental in the area you desire (going from overvalued house in the Bay Area to triple-net commercial elsewhere, for example).

Then you die and pass it on to heirs.