Subj : Re: Chinese Scientists Cr
To   : MIKE POWELL
From : Rob Mccart
Date : Mon Feb 24 2025 01:38:00

RM>> There's no question housing is out of control at the moment but we have
  >> an election coming up and they are all planning (?) to do something
  >> about housing prices. Have to wait and see..

MP>If it is like here, they will waste a bunch of time renaming stuff and
  >pissing off their neighbors, which will make the rabidly loyal happy enough
  >that they won't notice that Rome is still burning.

I don't know if it's universal but I believe you guys can write off
your mortgage payments (or interest?) against your income at tax time
which saves you a lot of money.

Here our advantage is your *Principal* residence can be sold at a
huge profit without any Capital Gains tax involved.

What they will probably do to lower prices is, cut immigration so
there isn't as much os a shortage of housing, cut taxes or even give
grants to builders putting up housing that will sell cheaper, which
should force all prices down some, and they may come up with something
like charging Capital Gains tax on, say, anything over $200,000, of
profit you made when you sold your house, and use that money to
encourage those lower cost builders (in a perfect world).

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 * SLMR Rob  * My mind's in the gutter, but I can see up your skirt
 * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)

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