So after talking to the Mominator, I think I've devised the newest, most likely super badass idea.
So currently, the house next door to mine, which my family owns, is for sale. (BUY IT) Now thanks to our ever so caring president, there is a 20% tax on capital gains. Capital gains is any money you make from the original price of the house. So imagine you buy a cd single at the store. and you come to realize its worth more than you bought it for. If there was a tax on that, you would pay 20% to the government of your profit. I'm rather unsure of how this is going to help the economy, but if Obama says it will, it will. Right?
Anyway, IF the house sells, to avoid paying the tax, we would have to buy another house of equal or greater value. We could always pay the tax, but right now since houses are so cheap, especially in MI (theres ur RHCP ref Aaron), we might be able to buy a house in Grand Rapids, or TWO. So if that were to work out, I could fix it up on weekends and during free time. Then live there sophmore year. Maybe build a studio in it. Superbadass right? So like the title says, this is all speculation, but a posibility. Stuff in Michigan is so cheap right now that if someone in Milton sold their house now, even for less than it's worth, you would most likely be able to buy a bigger house for less, OR buy one the same size and a small cottage. So "ressecion"? maybe.
Entirely bad and life ruining, no.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment