We've certainly looked into it. It's still a bit arbitrary, but in our opinion, doubling that threshold to $500,000 would avoid a lot of these situations. Making a $250,000 gain on a building you bought 25 years ago isn't exceptional either. Again, if the measure is aimed at the ultra‑rich and not the middle class, one solution might be to increase the $250,000 threshold for multiplex owners.
On June 13th, 2024. See this statement in context.