Goldtent TA Paradise

Is Trudeau going to introduce a “Home Tax”?

1. Highroller says:

   July 5, 2024 - 1:44 pm at 1:44 pm

   here is a copy of the plan , Pollievre showing it on his site.

   https://x.com/PierrePoilievre/status/1174001269263994883/photo/1

2. Green Mountain Girl says:

   July 5, 2024 - 2:20 pm at 2:20 pm

   Okay wait a minute: as much as I despise Turd-o and his merry band of bobble-headed Lib-tard cabinet ministers, this is not exactly a “home tax”. Upon further reading, it is a scheme designed to prevent flipping of properties during an overheated real estate market. I panicked when I first read the headline, then realized it would have minimal to no impact upon our family, given we’ve lived here for 15 years.

   In all likelihood, it is supposed to target speculators. Those who purchase a property with no intention to live there, but rather to hold onto for a year and then “flip it” at a much higher price. I saw this at play first-hand back in 2005; we were at the time looking at subdivision lots in an area near Kelowna. In many instances, a lot had been purchased 3 months previous and was now back on the market at $30k higher. Essentially we said “fuck that, we’re not playing that game” and walked away. But obviously, others willingly paid the higher price as the subdivision sold out quickly. Others can disagree with me, but I am okay with deterring this kind of speculation.

   Unfortunately, this does put the screws to a legitimate buyer who lives somewhere for a year and then gets a job transfer. Or starts a family, or has a spouse die, that kind of thing. There would have to be a clear set of rules as to what exactly is speculation and what is not.
   And I do not trust Turd-o, or any government for that matter, to make rules anymore. So I don’t know the answer. All I’m saying is, this is not exactly as bad as it sounds.

   • Highroller says:

     July 5, 2024 - 5:57 pm at 5:57 pm

     All this will do is stagnate the economy and pull more money into Turds pockets. Gov’t was VERY wrong by lowering rates so low, they caused all the hype and even supplied down payments to first time buyers and now they cry and blame the citizens. The free market with less laws and taxation cures itself with boom bust cycles . So now if I have to wait 5 yrs to sell my house for some jingle then there is LESS of my money flying around furniture stores , restaurants, build, trades…… Vancouver is expensive, I would like to live in Beverly Hills but common sense stells me no. Many peeps just have no common sense and stay at the poker table far too long.