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Your boomer parents are probably living in a house too big for them. They're frozen in place because of taxes, top economists say
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Your boomer parents are probably living in a house too big for them. They're frozen in place because of taxes, top economists say

1 min read

Nearly 6 million older Americans reside in houses far larger than necessary, while growing families are crammed into spaces that are too small.

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Moody’s Analytics, led by Chief Economist Mark Zandi and Deputy Chief Economist Cristian deRitis, points directly to outdated capital gains tax caps as the culprit that is keeping millions of homes off the market and out of reach... [4754 chars]

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Source: Fortune

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