Category: Demographics
Capital Gains on home sales. Did the 500k exclusion fuel the bubble?
December 21st, 2008, No Comments
There is some talk that that the 500k Capital Gains exclusion for married couples helped to fuel the housing bubble by inflating the number of home sales over time. The exclusion was first suggested during the 1996 Presidential campaign by Bill Clinton and went into law in 1997. A Federal Reserve economist is quoted in [...]
Moving to the Coast: Neighborhood Growth in New York City
November 15th, 2008, No Comments
I read today a piece in Crains New York which reports that many of the fastest growing NYC neighborhoods in the next 15 years will be those on the water. That got me to thinking about how demographic shifts may have an impact on the the current real estate market going forward. According to some [...]
