For most people there already is little or no capital gains tax on homes. This would just be a tax break for b’jillionairs. Sort of like increasing the SALT deduction which I also opposed.
Is it time to buy a SFH for rental? Started looking around for bargain 
Prices have not changed much for a few years.
Disclosure: Last buy is in 2023.
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Did you find it was a good time to buy? I am considering this as well.
Bot 1 There is a latent demand of ~40 million households. Once mortgage rates decline to a reasonable rate, demand should be unleashed. Plan to buy 1 more next year.
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In Austin metro? I see prices has came down significantly from the peak?
Williamson County.
When accumulating, you want price to decline or sideways. Only want price to be rising when you want to sell. Anyhoo, sharp decline in 2022, thereafter price is in bottoming process.
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This will be contested in court.
If left as is, impact on jobs and RE will be huge.
I suspect rental market will get a hit. stocks will continue to go up (assisted by jobs being offshored), so until housing supply > green card holders, likely RE prices won’t be impacted.
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Hopefully won’t affect SFHs much since most H1Bs rent apartments.
Panic for nothing.
One-time visa fee for new applicants, current H1Bs are not affected. Renewals are not affected.
According to Kevin, RE is in absorption phase. We’ll see. If correct, can still buy another SFH next year at reasonably low price.
