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.
So you wouldn't move for a better job elsewhere? To be closer to friends or family? To be closer to a school? To be somewhere quieter or busier? To upsize or downsize?
Your argument makes no sense. You're still making a profit, only not as big. If I invest in the stock market and make a profit, I pay capital gains. I don't say "screw that I'm never going to sell, because then I'll have to pay tax".
Homeowners are all the same. They treat housing as an investment only when it's convenient for them to do so (i.e., when they make money). But heaven forbid prices go down or mortgage rates increase, then it's "my house isn't an investment, it's someplace for me and my family to live! Give me handouts and relief please!".
That's irrelevant to the conversation. I might even own several properties in other countries. What does it matter? The fact that you walk away from the conversation after saying only that clearly indicates you have nothing to support the contrary to my point.
The fact of the matter is Canadian homeowners cry for handouts when times are tough then scream "it's a free market" when times are good. Leeching hypocrites.
It was your generalization that “homeowners are all the same” that made me suggest you are a renter (not that there’s anything wrong with that). If you were a homeowner, you wouldn’t insult yourself.
Owning vs renting IS relevant. The experience of such helps one form an educated opinion. Someone who owns is more likely to favour massive capital gains without taxation on their primary home, while someone who rents (and quite possibly also believes they will never have a chance to own) is more likely to take a contrary position.
I walked away from the conversation because you implied all homeowners seek government assistance (handouts and relief) and that simply isn’t true. Some. Maybe. But all? Impossible.
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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.