The Latest White House Tax Code Idea

On today’s show we are looking at what might become another tectonic force in the world of real estate investing. 

The White House provides a steady stream of topics that are worthy of discussing on any real estate podcast. This week is no exception. On Tuesday of this week, the President floated the idea that maybe houses will be exempted from capital gains tax. The thinking is that this would stimulate the real estate market. 

A change like this to the tax code would require Congressional and Senate involvement. The final definition of what type of property would qualify to achieve the tax exempt status has not been articulated. 

So on today’s show we are going to dive into the dangerous realm of speculation for what that might be the consequences of such a change. 

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