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JL Powers's avatar

Is this meant to be titled Renter Crony Capitalism?

Great article. People have no idea what is going on.

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Sophie Bertrand's avatar

'Wanna laugh? See for yourself in Quebec: I had to sell a little camp on a piece of land. Since no one understands the concept of a weekend getaway minimalist cottage, every visitor told the realtor the little wood house was unsuitable to consider it a house (of course not, the price was very low). So in the end I had to sell it for the price of the little parcel of land. By the time I pay the realtor, I then have to pay half of the "profit" made on the initial price I paid 20 years ago. And so away this half flies away in taxes. When I calculate it, considering I paid a good amount of taxes over the years, I got back the initial amount and the annual taxes. In the end I'm not making a cent of profit on the property. 'Wanna laugh some more? Should I put this amount in bank investments programs, I will be taxed about 40% comes the time of my (soon) pension. Hey, it's a gimmick. Taxes are BAD in Quebec. And that's not even Blackrock.

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