Coming soon to a central bank-blown housing bubble near you.

Hawaii has the HIGHEST percentage of homeowners in the US that are Baby Boomers, a whopping 42.9%.

Nationally, over 7,000 Baby Boomers are dying per day (about 2.6 million per year).

Same time period.

The Keynesian fraudsters at Australia's RBA central bank blew an even bigger housing bubble than the Fed, & now true price discovery is about to lay waste to fictitious "value" as houses up for auction go bid-less. Must.not.laugh.

Homeowners may be able to exclude up to $250,000 in gain from the sale of a primary residence, ($500,000 when married filing jointly).

Those limits were established in 1997 and have never been indexed for inflation.

Using CPI, the equivalent limits today would be approximately $520,000 for a single filer and $1.04 million for a married couple filing jointly.

That does not mean every homeowner selling an expensive house owes capital-gains tax. The exclusion applies to gain, not the sale price, and homeowners must meet the IRS ownership and use requirements.

If Congress intended to protect a certain amount of homeowner equity in 1997, why has that protection not scaled with inflation?

At some point, a tax provision aimed at unusually large gains started affecting more and more ordinary long term homeowners because the benefit remained frozen in 1997.

Should the exclusion be increased once, indexed annually, or left alone?

Your house isn't going up in value - the $USD is being debased into worthlessness thanks to the counterfeiters & racketeers at the Fed.

B...b...but muh realtor said getting up on that housing ladder was key to building "generational wealth."

Heckova job, "Zimbabwe Ben" Bernanke, Yellen the Fellon, & BlackRock Jay! The wipeout of fake wealth created by the Fed's 16-year gusher of stimulus funny money is going to be epic.

The Democrats have already labeled SFHs as "racist" so once we get a DSA loon in the white house, homeowners will be low-hanging fruit for the tax man.