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Can a tax cure the housing bubble?

Some folks watching Canada sure seem to think it has cured their housing bubble

housing bubbleRemember that tax we talked about in Vancouver last year? Well, it is back in the news and some folks now think it was a great idea. They even think cities like London and San Francisco should consider the same thing to deal with their housing bubble.

However, I think they are missing the fact that what they claim is curing their problems could end up causing what they are trying to prevent! We talk about that on todays show.

Plus, I will bring you up to date on my own journey of financing a remodel on a property I am looking to sell later this year.

Click “Read More” below for links, and other info!

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Real estate professionals may be exempt from 3.8 percent ‘Obamacare tax’ on … – Inman.com


Inman.com

Real estate professionals may be exempt from 3.8 percent 'Obamacare tax' on
Inman.com
However, it includes income from real estate rentals, even those that qualify as businesses, because rental income is always deemed to be passive income for tax purposes. Thus, landlords with profitable rentals whose AGI exceeds the threshold will be 

real estate – Google News

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