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Originally Posted by blankall
We should more heavily tax speculators for sure. For example people who've never lived in a property and just flip it, should be taxed at a high level.
However, as you say we do need rental stock. If someone chooses to use a rental property as a long term investment, I don't see an issue with that. Renting is far from merely passive income. It requires a fair bit of work and risk. It also creates a rental unit for a renter. If that person happens to make money over time, I don't see what the issue is.
Once again the issue is supply. The only reason people are making big profits off secondary investment units is because there isn't enough supply.
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I don’t know if investors are making “big profits” with these interest rates and cost of housing.