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Fair enough but same idea. Any appreciation on a home you live in is moot. Its a house, its a home ... its not an investment. Anyone that leverages their home i

Fair enough but same idea. Any appreciation on a home you live in is moot. Its a house, its a home ... its not an investment. Anyone that leverages their home is an idiot. ... and capital gains applies anywhere but i guess if they are selling a house not in cali there might not be enough gains to worry about the IRS.

eru 3y ago
Leveraging homes is almost universal when acquiring property: that's exactly what a mortgage is. Why do you call everyone who has a mortgage an idiot? Capital gains don't necessarily apply everywhere. In eg Australia your owner occupied house is exempt. And in eg Singapore we don't have capital gains on any asset at all. A house is both a home and an investment for most people. That's just a description of what's happening. However you could say that a house _should_ not be an investment.
- thghtihadanacct 3y ago
  Australia?!? Who gives an f about australia or singapore? What youre saying is your arguments have no merit against mine... Cuz mine operate for the place I live in. I understand your gross under generalization ... but if you are living in a house its only worth is a roof over your head.
  - eru 3y ago
    You didn't specify which place you live in, nor that you were only interested in your part of your small town or perhaps yourself. > Anyone that leverages their home is an idiot. ... and capital gains applies anywhere [...] Anyone, anywhere..
singleshot_ 3y ago
No cap gains on the house you treat as your primary residence for three out of the last five years up to $250,000 ($500,000 if married filing separately). Less than a quarter of Americans own their own homes. [0] [0] - https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-lowest-percentage-of-households-that-own-their-homes-without-mortgages/?sh=f4b89293124b https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-...

eru 3y ago

Leveraging homes is almost universal when acquiring property: that's exactly what a mortgage is. Why do you call everyone who has a mortgage an idiot? Capital gains don't necessarily apply everywhere. In eg Australia your owner occupied house is exempt. And in eg Singapore we don't have capital gains on any asset at all. A house is both a home and an investment for most people. That's just a description of what's happening. However you could say that a house _should_ not be an investment.

thghtihadanacct 3y ago
Australia?!? Who gives an f about australia or singapore? What youre saying is your arguments have no merit against mine... Cuz mine operate for the place I live in. I understand your gross under generalization ... but if you are living in a house its only worth is a roof over your head.
- eru 3y ago
  You didn't specify which place you live in, nor that you were only interested in your part of your small town or perhaps yourself. > Anyone that leverages their home is an idiot. ... and capital gains applies anywhere [...] Anyone, anywhere..

singleshot_ 3y ago

No cap gains on the house you treat as your primary residence for three out of the last five years up to $250,000 ($500,000 if married filing separately). Less than a quarter of Americans own their own homes. [0] [0] - https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-lowest-percentage-of-households-that-own-their-homes-without-mortgages/?sh=f4b89293124b https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-...