Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Florida Homeowners Call It Quits: Selling Hurricane-Damaged Homes to “Quick Buy” & “As Is” Vultures (lakelandgazette.info)

submitted 4 days ago by SeattleRain to c/housing_bubble_2

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[–] [email protected] 1 points 3 days ago (1 children)

Enjoy while you can until they change the laws to benefit businesses and penalize single home owners.

my man/woman.... US tax code is already providing sufficient tax advantage esp at institutional level for this. Trump's last round of tax reforms was merely a cherry and we are about to get more of this shit.

This combined with overall favourable tax treatment of legal entities, anyone with capital is in better position to buy and rent, then you our sorry asses buying today.

being a working pedon is literally being boxed into exploitation and most people can't even point at the perp... amazing system.

[–] [email protected] -1 points 3 days ago (1 children)

I don't trust anyone who spells favorable with a 'u' when it comes to US anything, let alone tax code.

[–] [email protected] 1 points 3 days ago

You don't need to trust anything, IRC is posted online for anyone who cares to read it.

Also, preferential treatment of real estate investments is pretty commonly know fact in the US.

A simple example is something like a REIT, which are an investment vehicle used to own a lot of mutli family properties within US. These can be listed on an exchange too

This is just one example;)