Your boomer parents are probably living in a house too big for them. They’re frozen in place because of taxes, top economists say
via economy.com
Short excerpt below. Read at the original source.
There may be a straightforward solution for another kind of “lock-in effect” paralyzing the nation’s housing market: fix the tax code. Recent analysis from Moody’s Analytics, led by Chief Economist Mark Zandi and Deputy Chief Economist Cristian deRitis, points directly to outdated capital gains tax caps as the culprit that is keeping millions of homes […]