Boomers Can't Sell Homes, Taxman Throws Retirement Party!

The capital gains tax is turning American homes into forever prisons for retirees like Joel Friedman, who said, 'There are a million reasons why we'd like to move, but we're not because the tax is just burdensome.' Older homeowners cling to their mansions amid fears of losing their nest egg, worsening the family-size home shortage nationwide. In a stunning bipartisan plot twist, even Donald Trump is reportedly 'thinking about no tax on capital gains on houses,' while Congress juggles proposals to either reform or kill this housing market hostage crisis. Everything happens for a reason, right?!

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Source: Businessinsider | Published: 7/27/2025 | Author: Eliza Relman