This funnels even more capital into real estate as an asset class. Or it's an intermediate step to Georgism? https://twitter.com/bhorowitz/status/775768751941623808 …
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I think you and I mostly agree :) Except I'd argue debt is particularly bad for consumers (way to risky).
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Bigger concern is that Point gets equity appreciation w/o any of the tax, insurance or maintenance costs
End of conversation
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housing not exempt from cap gains tax: first $250k if gain not taxed
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but housing is treated as personal property when sold at a loss (i.e. to capital losses)
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