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Political Discussion
Reply to "$25K in down-payment support for 1st-time homebuyers"
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[quote=Anonymous][quote=Anonymous]Home flippers really are what needs to be stopped... They take perfectly fine houses tear all the solid construction and put it back together with gum and spit and sell it for a 30% higher markup or more. You should have to own a house for at least 5 years and if you don't, there's a penalty. Lol[/quote] The penalty is the capital gains taxes on the profit. Regular homeowners don’t pay it. Flippers aren’t the real problem anyway. The problem is all the NIMBY laws that constrain supply combined with too many of the best jobs in the same areas. Housing prices would be better if we didn’t all want to live in the same place. Plenty of cheap housing in the Midwest.[/quote]
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