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Does the country rely on people selling real estate for profit? One of the greatest illusions of our era is that real estate prices must always go up.
by glimshe 2y ago
Does the country rely on people selling real estate for profit? One of the greatest illusions of our era is that real estate prices must always go up.
- lifestyleguru 2y agoAcross entire Europe real estate is the only investment vehicle without capital gains tax. Sometimes you have to hold the real estate for some years. The general consensus is real estate market owns you compensation for currency inflation and tenants own you mortgage payments. People become aggressive if someone starts tweaking with the system. That's also why the European companies with largest market cap produce crocodile leather belts, sunglasses, and software no one understands.