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ShepherdPie , (edited )

If I’ve missed the point then why can’t you explain how big houses are selling for nearly the same as small houses to the point where people are breaking even going from 3000sqft 5 bedroom homes to a 1200sqft 2 bedroom? A 15-20% loss from capital gains over 500k isn’t going to do that nor is an additional 15% tax from California.

The only possible scenario where that makes sense is if you’re comparing a $500k home from a married couple to another couple with a home valued at 30% over $500k. For those people, they’re going to receive the same as the couple who had $500k in capital gains. This is a math problem so you can’t just waive it away with “my opinion is different and you missed my point.”

The example in the article is absurd as a single family home with property isn’t going to sell for slightly more than a condo unit in some giant complex. That’s why they had to rely on an example with made up numbers. If you look up a home their size in El Cerrito, just outside San Francisco, you’re looking at $1.6M while a condo is going for $400k. Surely they could afford a $400k condo with $1.37M in profit.

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