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From: Free Thinking Doggie
Meanwhile, in Canada... This may be coming to other countries.. Imagine owning your home for decades, watching its value steadily climb, only to be hit with a surprise tax bill, not because you sold it, but simply because it appreciated in value. That’s the unsettling possibility behind the growing chatter about a so-called "home equity tax" in Canada. While no such tax exists today, the very idea has sparked heated debate, raising questions about fairness, affordability, and the future of homeownership as we know it. First, what is a home equity tax? Home equity is the portion of your home that you truly own. It's the difference between your home's market value and what you still owe on your mortgage. For example, if your home is worth $800,000 and you still owe $200,000 on your mortgage, your home equity will be $600,000. As you pay down your loan or your home's value goes up, your equity increases. https://www.deeded.ca/blog/the-home-equity-tax

Current Thread	Author	Time
Meanwhile, in Canada......[more]	Free Thinking Doggie	06:55:14
>> Western socialists are running out of other peoples money to bribe their ... [more]	Occhio Pazzo 🇬🇧	08:04:35
>> Yup, the unspoken middle ground where people don’t mind benefits for layabouts ... [more]	Hamsterwheel	08:13:58
>> Why do the English speaking nations seem to be the worst ? ...[more]	Free Thinking Doggie	08:08:35
>> They will try & prop up the system for another few years.	Free Thinking Doggie	08:07:13

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