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B.C. will implement a new 20% 'flipping tax' on homes: What you need to know (bc.ctvnews.ca)

submitted 2 years ago by grte@lemmy.ca to c/britishcolumbia@lemmy.ca

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[–] villasv@lemmy.ca 1 points 2 years ago* (last edited 2 years ago)

Sounds fair, but negotiating purchases below market values - even if at a grifter level - is still not speculation either. Making a profit off of "impatient idiots" is at best shady arbitrage, it should still be resold near market value anyway.

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