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That's....okay? Yeah, but consider the source. :) Bloomberg writes for the investor class. It does suck for anyone who's in a position where they _must_ sell
by dfxm12 4y ago
That's....okay?
Yeah, but consider the source. :) Bloomberg writes for the investor class.
It does suck for anyone who's in a position where they _must_ sell their property right now, and not buy another one.
It's important to note that investments can lose money. It's a risk one should understand. If you think this sucks, this is just capitalism. There are winners and there are losers.
- Arubis 4y ago> It's important to note that investments can lose money. It's a risk one should understand. If you think this sucks, this is just capitalism. There are winners and there are losers. Yeahhhhhh....and many of these are people's homes. I don't have a good solution without a socioeconomic reboot, but I do have sympathy for individuals whose primary reason for purchasing a home is to live in it. That houses have turned into an Investment Asset has a lot of knock-on effects, many of which are negative for the non-wealthy. Banks and funds can deal with losses. It's their job.
- bombcar 4y agoAnd capital gains on houses are tax-free for a certain amount, but you cannot deduct a capital loss on a primary residence; fun times, eh?