>>60674073 (OP)
I didn't know they had capital gains taxes. I have 300k at 28. Will I be able to own a house someday?

>>60674073 (OP)
Just find a rich girl.

>>60674073 (OP)
eliminating capital gains tax on houses would likely lower housing costs because the seller will have their make it number at a lower price due to not having to pay taxes.

>>60674077
Yea at 40

You only got capital gains taxes on houses if you didn't live in it (primary residence) for at least 3 years anyways. This proposal is going to strengthen the private equity buying up houses nightmare on steroids though (the primary cause of housing exploding upwards outside of greedy builders and nimby policies), so fuck I don't know what to say anymore.

Absolutely not. People would gobble up property knowing its cap gains free. Thats better then holding equities or bonds.

Should be capped at 1mil for primary residence only.

>>60674077
Only on the profit you take when selling if you don't roll it into another house within the tax year.

>>60674092
Private equity is a nonfactor, they own like 3% of the market. You will receive your fell for it again award in 2-5business days via singing telegram

>>60674105
Where'd you get that 3% number from? If it's that small right now then it'll exponentially grow. These days private equity is eating up AT LEAST 40% of new home purchases.

This could trigger a lot of investors holding on to multiple properties to sell. It would be the biggest exit strategy for every investor and could dump a lot of volume back onto the market. This could drop home prices considerably.

>>60674116
I made it up, but the real number is even lower

>Private equity firms own approximately 1.6% of the U.S. single-family housing stock, which translates to around 600,000 homes. Additionally, they own at least 8,200 apartment buildings with over 2.2 million units, representing about 10% of the total number of apartment units in the United States

>>60674079
max IQ to think this will happen?

>>60674079
Kek. There's no cap gains on a primary residence, so this is literally for people who are accumulating properties as assets. If anything, it will encourage more purchasing and tolerance of higher costs. People complaining about real estate prices now are going to be absolutely shocked at what happens in the next 10 years.

By the way, it's only zoomers complaing "wahhhhh I'm 25 and can't buy a home!", no fucking shit, neither could any millenials. I bought my first home at 33 after I was married and had 2 incomes. You want a house? Make more money, get married. Average combined salary of people in their 30s now is like $200k+, more than enough for a great starter home.

>>60674073 (OP)
HOLY SHIT
A HOUSE JUST FLEW OVER MY HOUSE

>>60674079
>eliminating capital gains tax on houses would likely lower housing costs because the seller will have their make it number at a lower price due to not having to pay taxes.
It would raise prices because people would consider it more profitable and more people would want to buy.
Alternatively all the landlords would immediately cash out and flee the country before it collapses due to retardation so it could have the opposite effect.

>>60674073 (OP)
If we can't own a house, we can't own land; if we can't own land in our own country, then this isn't our country.

A civil war is around the corner and I'm all for it. It's class warfare, and we are the ones that outnumber them by extraordinary numbers. We are the 99%. They want us to lose. We have the power to show them who will always win.

Built for the people, by the people.

Built their wealth right off our freaking backs and they have the odacity to think we wouldn't go through great extremes to get our country back to the rightful hands of our people.

>>60674105
lol
> 3%?
> what are you worried about 5% for?
> 90% of the market is still available!
> just because they own a fifth of all houses doesn't mean they are a threat to the economy and our very civilization
> people don't really want to own houses anyway
> oh and your rent is going up btw, it's determined by an algorithm that's used to power over half the market since the major players all use it
> powered by chainlink

>>60674274
>Kek. There's no cap gains on a primary residence
like kind exchange doesn't apply to primary residence. but there is already a $250k single or $500k married capital gains exclusion for primary residence.

total bubbleboy death

>>60674077
nigga you can buy like 6 houses with that money in various countries

>>60674073 (OP)
>it’s another “Trump says something and libtards fall for it and start shitting and cumming their pants” episode

First tariffs, then the “war with Iran”, then Eppsteinberg, now this? Am I going to start seeing thinkpieces in the trusted Wall Street Journal about how Drumpft will never let me own a house now?

>>60674073 (OP)
I'M GONNA CONSOOOODER

>>60674705
Nice fanfic, meanwhile in reality sfh is kind of an ass investment that doesnt scale so corpos dont even bother

Keep watching socialist psyops

>>60674077
Buy a house with mortgage like yesterday. Rent it out at mortgage price+some extra

Now you have some unfortunate retard paying off the mortgage on your house and you’re one step closer to becoming a passive income millionaire

>>60674073 (OP)
this will cause Blackrock to buy every single fucking house, hope you niggers own a house already cause it is about to 5x

>>60674079
The lies pedo orange defenders throw out don't even have the semblance of reflecting reality anymore.

>>60675135
>in various countries
I only care about America tho

>>60674344
>civil war
>odacity
Stopped reading there

>>60674077
>>60676270
>>60676254
So I didn't fuck up?
Buying my first home and literally alternating between panicking and going schizo trying to figure out if I'm making the best financial decision.
Even with 40% down the payments are stupid fucking high.
Worst I can hopefully rent it out or something.
Fuck me.

>>60676574
>America
you will never be able to afford shit, enjoy being poor

>>60674133
>Additionally, they own at least 8,200 apartment buildings with over 2.2 million units, representing about 10% of the total number of apartment units in the United States
Holy shit.

>>60674077
U can buy a house in any market in the USA with that much money, you will need a job ofc if it’s in the top 50% of expensive places. If it’s in a flyover shithole you can buy in cash and have money left over

I live in Germanistan Bavaria, this 2018 built house costs 1.3 Million Euro.
50.000 Euro per year AFTER taxes is considered to be an excellent income.

>>60678065
they are all in like 5 metros too, which is why you have some people so adamant its a problem, which sure, it is in those locals. Should be dealt with on a city level tho, not some retarded nationwide law

>>60678087
You won't be able to afford this house with this income. Even if you bring half the capital, 50k net income doesn't let you pay off 650k in a reasonable time frame.

I don't plan to start a family, I don't plan to live in the same place for more than 3 years at a time, and I have investments that outperform property.
Why should I buy a house?

>>60678131
You shouldn't, minimum 5 years in one place otherwise the transaction costs will outweigh

I'd wager you do get stuck somewhere longer than 3 years tho

>>60678134
>I'd wager you do get stuck somewhere longer than 3 years tho
Why?

>>60678135
The vast majority of people are not nomads, shit happens, you get a good job , meet some cool people, maybe get a little bad luck

Then one day you wake up and its been 10 years

>>60676694
Youll be fine. Roll with the flow and enjoy your life.

>>60678139
Yeah fair enough. If/when that happens then I would want to buy a house.

>guy in housebuilding biz becomes president
>he establishes a law that "forces" all companies to buy houses

how is this legal? he'll profit most from it, meanwhile companies like apple, amazon will outbid you so you'll never have a home.

thanks for playing

>>60678087
>1.3 million
literally just build it mostly yourself like poles do, germans are complaining about paying out the ass when they literally let someone else do their bathroom and pay literally 40k eur for like 5k worth of material lmao

I remember the absolute seethe my new neighbour had when I told him that I built my house on my own and paid 300k total for 200sqm and he shelled out 450k for a 140sqm cuckbox

>>60678273
Where do you learn how to build? Do you start for example building a shed or something like that? I doubt you build a house with no experience at all.
Also I heard in Germany the regulations are strict on building. I'm also in the EU and in my country it's known to take years to get even a permit to do renovations.

>>60678495
In fact it's so bad here that real estate websites are filled with 100+ year-old collapsed houses because nobody wants to wait for a permit to remove the remaining materials and build something new there.

This is for primary residences, it helps the working class, not the real estate class. You don't get tax free gains for rentals builds and flips. Stop being morons, I've used this once already on my first house.

>>60675135
you can get a nice ass villa in bali for that. Mansion sized, 7 bedrooms, and by the sea.

>>60678495
>Where do you learn how to build? Do you start for example building a shed or something like that? I doubt you build a house with no experience at all.
I'm not sure if I'm autistic but just watch videos, like a ton and just do what they do but logically follow it, read through comments, basically get a good feel if something seems correct. I had some experience before doing the bathroom reno at my parents house on my own but my experience is quite far from homebuilding (rf engineering). For example, when I did my laundry room, I first thought of what I wanted it to look like, what utilities I wanted to have and brainstormed with my wife what she wanted. Then I looked up videos of features that it should have. Then I watched a carpentry video of a dude making the cabinets. Then in the comments I found a crucial comment from a dude that said to make sure you have ventilation behind the machines, etc etc etc. Just research
>Also I heard in Germany the regulations are strict on building. I'm also in the EU and in my country it's known to take years to get even a permit to do renovations.
thats fair, I live in Austria and regulations are quite ok as they are by county and permit speed HUGELY depends on the local municipal government. I helped the mayor with some IT stuff and I had my personal anbau permitted in like a 2 weeks

>>60678536
>HUGELY depends on the local municipal government.
ofc easier too if you live in a small rural village/town. The biggest nearby town has like 2k people here lol hard to grease the mayor if its a big town or city whose regulations youre under

this is to line up with the easing on the moratorium on foreclosures, the property market will be directly fed into vanguard, blackrock and state street

this drip feed is to somehow protect against another 2008 because defaults are creeping higher and higher. They'll be at least 15% by year end

>>60678536
>Austria and regulations are quite ok
That's good to know
>>60678547
>grease the mayor
Yep lmao it's the same here, you have to know someone who has a cousin who knows someone in the municipality, otherwise you're waiting years.

>>60678591
>Yep lmao it's the same here, you have to know someone who has a cousin who knows someone in the municipality, otherwise you're waiting years.
its good if you're a social and straightforward person but it can also be a downfall. Before I was living in another small town but a woman was surprisingly mayor and she and the baurat (also woman) refused to accept me building a co2 heatpump at my parents place and I was seemingly too "aggressive" by citing by austrian law its legal for me to do on my own etc etc. Come and go, now theres a law against it anyway, but yea I definitely felt more apprehensive skirting shit since I felt they had me on a crosshair

>>60674073 (OP)
We're going back to familial housing / homesteads. It's that or renting. That's the new paradigm. You either build familial wealth and live in generational homes which are paid off or you rent. Choose your poison.

>>60678536
>helped the mayor with some IT stuff and I had my personal anbau permitted in like a 2 weeks
isn't that literally what corruption is?