04-26-2025, 05:33 PM
My mom moved 3yrs ago into a smaller more manageable house that has been great for her. However, the government (city, etc.) is building an enormous affordable housing project right next to her (200+ apartments, 6 story) and people are leaving her neighborhood, knowing it’s going to be really bad (I’ve seen it play out in Cali, and I know it will be bad). She wants to sell and move to an apartment. I know if she doesn’t buy anything, she will have to deal with capital gains, but I know nothing about that. Have any of you dealt with that? I also wonder what other issues we might run into. I don’t have a lot of influence over her, but I may be able to bring up at least a thing or two, or plan for the fallout. Any perspective would be appreciated because I don’t even know what type of professional I would talk to. Thank you.