Well, a Dem passed the no capital gains tax when selling a house earning 250k individual 500k married. Why pass a law like that if you don’t pay taxes anyway.
When I had my house, I used the write-off. That isn’t a reason for me to buy one, especially when I’m living in an area I want to buy in and my rent is almost 1/2 what it would cost me to buy in my very complex – and still barely close w/a write-off.
But as I said, many people tout the benefits of write-off when buying, so this is going to shut some people up about it and others will reconsider that factor.
