Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Agreed! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
It's not a solution, it's a cash grab policy. The right policy would allocate "overbids" towards housing infrastructure, thereby not allowing overbids to increase market value.
@petepete2284 a deterent that doesn't allow the overbidding process to increase market value. If you want the value of the home to increase, then do upgrades for longevity.
@@shawnbechard3680 market value is overpriced anyways, price of lumber and a available land in abundance, leta not kid ourselves you ain't on an island like Manhattan, UK, Japan
That may not address the root cause of high prices, which is lack of supply. They need to both have a home flipping tax and continue building houses and prevent landlords from accumulating past a certain number of units.
😂 they are building cubicle units in the sky. Not the house that's desired or in demand, most buyers want a detached bungalow. The birth rate of Canada is at a record low. So we got many empty homes. Maybe cut down on the importing of third world people.
Overbidding after each flip, adds to the increased market value. If they don't acknowledge overbidding as apart of the issue, the system won't change for the better.
There are chineses with tens of condos and with them vacant for a while now with their money parked. How does this help? Just another pita policy for those that may need to sell early due to a relocation. Focus on the people with more than one property and not living on them. Not this.
What chinese people have that kind of cash to buy so many properties. I am chinese myself, and I work 5 days a week and I don't make that much money to buy so many properties. I am only about to buy a small mini condo in burnaby. Unless there is some easy way to make money. And I don't know any rich people in vancouver. Taxes are high, and it is hard to save money. Even with government help and putting money here, fhsa. I still need help with paying property tax and mortgage.
Realtors and house flippers should have the most taxes and regs. If this is presenting houses coming into the market, then building, will happen faster?
Oh wow there more than two decades late to make this a law lol what a joke too bad hard working Canadians are the punch line well others made fortunes flipping most would just like a home to call there own
No they aren't. They are taking homes that are unoccupied and turning them into homes. It's the people buying the house ripping it down and driving property taxes to the roof!
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
I'm surprised that you just mentioned and recommend Mr Robert Cox. I met him at a conference in 2018 and we have been working together ever since.
Agreed! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
Be expected the divorce rate will go up in BC soon.
Leave Canada asap
It's not a solution, it's a cash grab policy. The right policy would allocate "overbids" towards housing infrastructure, thereby not allowing overbids to increase market value.
A cap?
@petepete2284 a deterent that doesn't allow the overbidding process to increase market value. If you want the value of the home to increase, then do upgrades for longevity.
@@shawnbechard3680 if i offered you 100k for your car would you take it?
@@shawnbechard3680 market value is overpriced anyways, price of lumber and a available land in abundance, leta not kid ourselves you ain't on an island like Manhattan, UK, Japan
@TruthSayer-g2m it's only going to get worse with self-serving toothless policies.
That may not address the root cause of high prices, which is lack of supply. They need to both have a home flipping tax and continue building houses and prevent landlords from accumulating past a certain number of units.
😂 they are building cubicle units in the sky. Not the house that's desired or in demand, most buyers want a detached bungalow. The birth rate of Canada is at a record low. So we got many empty homes. Maybe cut down on the importing of third world people.
Overbidding after each flip, adds to the increased market value. If they don't acknowledge overbidding as apart of the issue, the system won't change for the better.
There are chineses with tens of condos and with them vacant for a while now with their money parked. How does this help? Just another pita policy for those that may need to sell early due to a relocation. Focus on the people with more than one property and not living on them. Not this.
What chinese people have that kind of cash to buy so many properties. I am chinese myself, and I work 5 days a week and I don't make that much money to buy so many properties. I am only about to buy a small mini condo in burnaby. Unless there is some easy way to make money. And I don't know any rich people in vancouver. Taxes are high, and it is hard to save money. Even with government help and putting money here, fhsa. I still need help with paying property tax and mortgage.
Many I herd are fent dlrs or fake $ laundry
Don't forget the indians like jagmeet Singh hiding their multiple properties and trying to get around the loophole by putting in 20 people in a home.
They would pass on the tax to the buyer.
Realtors and house flippers should have the most taxes and regs. If this is presenting houses coming into the market, then building, will happen faster?
This is absolutely ridiculous, it will have no impact on housing affordability.
Endless gov control.
This shoud have been done in 2007/2008
Oh wow there more than two decades late to make this a law lol what a joke too bad hard working Canadians are the punch line well others made fortunes flipping most would just like a home to call there own
Realtors and house flippers are as bad as the crooks on wall street
No they aren't. They are taking homes that are unoccupied and turning them into homes. It's the people buying the house ripping it down and driving property taxes to the roof!
House prices only climb after every resale..stay put for 20 yrs otherwise you drive house prices up.
No one should be allowed to own more than two properties. Period.
Aaaaand the principal residence capital gains tax exemption goes 👋👋.
Good luck collecting a penny in taxes 😂😂😂
Avoid taxes by earning cash.
Too late.
4U