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B.C. will implement a new 20% 'flipping tax' on homes: What you need to know (bc.ctvnews.ca)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

Sounds fair, but negotiating purchases below market values - even if at a grifter level - is still not speculation either. Making a profit off of "impatient idiots" is at best shady arbitrage, it should still be resold near market value anyway.

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