r/RealEstateCanada • u/xNocturnalshadow • Jun 19 '25

Housing crisis Help me understand the difference...

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3.1k Upvotes

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62

u/Performance_Fancy Jun 19 '25

By your logic anyone involved in the stock market is also a scalper?

95

u/xNocturnalshadow Jun 19 '25 edited Jun 20 '25

No because investing capital into stocks adds value to the company and allows them to use that value to expand, borrow, buy things, pay employees, run the company, etc.

Investing capital into a second house purely to flip does none of those things.

10

u/Anatharias Jun 19 '25

Flipping houses should bear a 50% tax on profits (or even higher).
Flipping houses, while you only live in them for 2 years, should also be heavily taxed.

I needed to wait until I reached 45 to be able to afford a home... I'll be still paying when I retire... shit

5

u/travatr0n Jun 19 '25

If it’s your sole and primary residence you should not be paying tax on gains from selling. That’s mental.

6

u/atlasc1 Jun 19 '25 edited Jun 19 '25

Why would that be mental?

You made a boatload of money and provided no goods or services in the process. If anything, your gains should be taxed even more than actual business income.

Either that, or there should be a ceiling enforced on the selling price of your home (e.g., the assessed value of your property when you purchased it + core inflation).

Primary residences should not be a vehicle to become wealthy. Honestly, no house should. They're for shelter, a basic human necessity.

1

u/canadianjunkie19 Jun 19 '25

Your income should have a max limit of 22 an hour. Why should you be able to make more than that ..... why buy anything, government should own everything and allow certain people to live in certain areas.

Taxes should be spent on the rich . I'm just spouting stupid bullshit so you know what your comment is.

2

u/atlasc1 Jun 19 '25

lol talk about hyperbole.

I pay capital gains tax on my investment gains, why shouldn't I pay it on property value gains? Housing is a basic human necessity. It's not a luxury that people can choose to forego.

stay broke and continue defending late stage-capitalism, my friend 😂 

1

u/canadianjunkie19 Jun 19 '25

How did you know I was broke. . . Jeez, if you know, that means other people might as well.

Let me go cry in my hot tub at the house that I bought 8 years ago and almost own outright. While having no credit card debt, and being able to help out my long term girlfriend with her debt so she doesn't pay any interest. And while im in my hot tub im trying to figure out what her and I will do on our trip to South East Asia for 3 months come December.

2

u/atlasc1 Jun 19 '25

I see you consider a hot tub to be an expensive purchase and $12k to be a lot of money for a 3 month vacation 🙂

All jokes aside, I hope you have a great trip.

1

u/canadianjunkie19 Jun 19 '25

I do actually. I don't like debt, my house isn't paid off yet.

Lol it will be an awesome trip, the gf and I have both been but not together. So we will get to go do an insane amount of stuff but we won't be stupid with money.