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It works out to effectively way more than $75k/yr in realizable income because, in the US at least, long term capital gains on your primary residence are heavil
by CydeWeys 3y ago
It works out to effectively way more than $75k/yr in realizable income because, in the US at least, long term capital gains on your primary residence are heavily tax-advantaged in a way that income isn't.
- bardak 3y agoEven better in Canada since capital gains on your primary residence is not taxed at all.
- nly 3y agoSame in the UK
- doctorpangloss 3y agoThis entire thread is unsophisticated people bemoaning (or celebrating) things they don't understand. A median that is going to be less than 1 house for a 30 year old, and maybe 3 in the average lifetime, so truly, what do they know? 90th percentile is probably 10 trades. It's garbage in, garbage out, and it's why there is zero progress made on any of these issues. Nobody forces you to buy, or sell, a house. And if you feel strongly about the politics of the issues, try to get elected.