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Presumably if it was high enough they would move onto other investments that are comparatively more profitable when accounting for the tax. It would have to be
by ryanbrunner 5y ago
Presumably if it was high enough they would move onto other investments that are comparatively more profitable when accounting for the tax. It would have to be a heck of a tax to keep up with how Canadian house prices have been inflating recently though.
- doliveira 5y agoYeah, that seems the crux of the problem: price rising is exponential, a fixed tax can't offset it.