TZUTC: -0500   
   MSGID: 186.consprcy@1:2320/105 2c245403   
   REPLY: 333.consprcy@1:218/1 2c21dcf4   
   PID: Synchronet 3.20a-Linux master/acc19483f Apr 26 202 GCC 12.2.0   
   TID: SBBSecho 3.20-Linux master/acc19483f Apr 26 2024 23:04 GCC 12.2.0   
   BBSID: CAPCITY2   
   CHRS: ASCII 1   
   RM> Here our advantage is your *Principal* residence can be sold at a   
   RM> huge profit without any Capital Gains tax involved.   
      
   KW>Yeah, that's where it gets muddy with short term and long term capital   
     >gains - I think there's a loophole somewhere if you use the proceeds of   
     >a primary residence to buy another primary residence.   
      
   Yes, that would make sense, if you are buying UP immediately, you are   
   not taking any profit out of the sale of your old place   
      
   KW>I'm pretty pessimistic about attempts to lower housing costs. The   
     >administration has extending the 2017 tax cuts a priority, so cutting   
     >taxes on the middle class would hamper that effort. Housing is a   
     >high-stakes, high-income game, I don't know how popular a grant program   
     >for market-rate housing would go.   
      
   We are in the middle of a Provincial election here, not the Federal one   
   that is getting all the publicity, to elect the next Provincial Premier,   
   which is like a State Governor in the USA I suppose..   
      
   We have 3 Major parties here and a number of little ones that will   
   never accomplish more than getting a few seats at the table to   
   complain about what the people in power are doing. One of those   
   called the Green Party is advertising at the moment that, if elected,   
   they will change the tax and fee system on house purchases for first   
   time buyers that will save them $150,000 on that house. No exact   
   details given but that's the sort of thing being bantered about..   
      
   KW>Landlords aren't any better - rents are a trailing indicator. Around   
     >here, it takes a long time for rents to start coming down, you'll see   
     >landlords convinced that the apartment they rented for $2000, then   
     >bumped the price up to $3200, is still worth that when the market cools.   
      
   Yes, generally they are the last to lower prices unless they just can't   
   find anyone to pay that much... But, that said, in most of the country   
   unless you make major upgrades to a rental property you cannot raise   
   the rent more than a few percent a year, 2.5% here at the moment but   
   mostly that means a lot of apartment building type landlords are   
   suddenly finding it necessary to do major renovations to the building,   
   often tossing everyone living there out first (with notice)..   
      
   ---   
    * SLMR Rob  * Sometimes too much drink is barely enough - Mark Twain   
    * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)   
   SEEN-BY: 105/81 106/201 128/187 129/305 153/7715 154/110 218/700 226/30   
   SEEN-BY: 227/114 229/110 111 114 206 300 307 317 400 426 428 470 664   
   SEEN-BY: 229/700 705 266/512 291/111 320/219 322/757 342/200 396/45   
   SEEN-BY: 460/58 712/848 902/26 2320/0 105 3634/12 5075/35   
   PATH: 2320/105 229/426