We need to tax holding property as an investment if you aren’t living there or using it for your business. I’m not sure if it’s already taxed as capital gains or not, but it sure as hell should be. There’s nothing wrong with property being an investment – you should think of your house as an investment – but there’s a significant problem in treating property like stocks.
We need to tax holding property as an investment if you aren’t living there or using it for your business. I’m not sure if it’s already taxed as capital gains or not, but it sure as hell should be. There’s nothing wrong with property being an investment – you should think of your house as an investment – but there’s a significant problem in treating property like stocks.
The best way to reduce the viability of housing as an investment is to just build more housing.
And no, you ideally should never think of your house as an investment, because that means housing prices are rising.