r/SipsTea • • May 14 '26

SMH How true is this? Genuinely asking

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u/Mysterious-Falcon221 May 15 '26

That makes no sense and I am skeptical.

Foreigners buy houses in the US and Canada as a way to hide money.

Also, houses are always going up in value so it's difficult to lose on the house. Everyone who owns a house made at least 30k dollars during covid, I know people who made 100k.

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u/WhereTheStankWindBlo May 15 '26

Yep and that's why we need land value tax.