A little-known home equity tax could further stall the for-sale housing market, keeping much-needed new inventory on the shelf, a new report shows. That reinforces the major edge renting has in the ongoing rent v. buy debate.

Realtor.com notes that “millions of American homeowners are sitting on a hidden tax burden they never planned for – one that threatens their hard-earned home equity and, at the same time, is tightening the nation’s already strained housing supply.” 

Almost 29 million households – or approximately one in three homeowners – have amassed more equity than the federal capital gains tax exclusion for single filers protects when they sell their primary residence. By 2030, that number could surge to 56% of U.S. homeowners.

“This home equity tax has big consequences,” the Realtor.com report states. “It erodes family wealth right when people need it most. It discourages older owners from downsizing or moving closer to care. And it keeps larger, family-sized homes off the market, fueling the inventory crunch that’s driving up prices for everyone.”

In Miami, real estate brokers dealing with the inventory shortage can earn steady commission income by bringing their prospective tenants to Douglas Enclave. Don’t let the stalled for-sale housing market prevent you from keeping the consistent paychecks coming!

Available Units For Rent At Douglas Enclave

Douglas Enclave is an 11-story, 199-unit building with brand-new Little Havana apartments available for rent. It includes a thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances.

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop.

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district.

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.