this post was submitted on 16 Sep 2023
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People buying properties based on what capital gains they expect to get have always seemed strange to me, at some point the value must stop increasing, and then what?
It will also be interesting to see what effect the interest rules have on rents, I suspect long term it will mean less properties being bought as rentals, having an upwards pressure on rent costs.
Not only are they expecting endless capital gains, they are expecting to not be taxed on the income they receive when they realize said gains.