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The tax man takes a cut of money you get from creating things, but money from living in a pile of bricks is tax free.
by haihaibye 9y ago
The tax man takes a cut of money you get from creating things, but money from living in a pile of bricks is tax free.
- charlesdm 9y agoThe tax man also (depending on the country) levies stamp duties upon purchase and annual property taxes. Owning a house also generally means low liquidity (should you want to sell), money going to repairs that you could otherwise just forward to the landlord and the requisite of putting up a deposit (money that can't be invested in say the stock market -- meaning you lose out on yield).