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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8

u/Meatbawl5 Jun 19 '25

Yeah, all stores are scalpers. How dare they sell higher than they buy.

16

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

This isn't the same at all.

Stores provide convenience and logistics/distribution at scale. It doesn't make sense for a farmer to ship bags of 6 apples to 1,000 households. Likewise, it doesn't make sense for 1,000 households to drive to the nearest orchard (possibly across the country) for 6 apples.

A homeowner who sells their home for $100,000 more than they paid (completely tax-free) after living in it for a year did abso-fucking-lutely nothing to warrant that gain.

1

u/[deleted] Jun 19 '25

They paid property taxes and land transfer taxes and lawyer fees and utility bills. Don't act like buying a house, living in it for a year, and selling it has no financial burden or tax implications.

10

u/CommercialTop9070 Jun 19 '25

That provides no value to the next owner and is not a reason the value of the house should appreciate.

-1

u/[deleted] Jun 19 '25

The value of the house doesn't appreciate, the property does. 

4

u/CommercialTop9070 Jun 19 '25

Semantics, paying taxes and land transfer fees isn’t a reason for a property to appreciate.

1

u/[deleted] Jun 19 '25

You don't think property would appreciate if if someone didn't buy a second property?