shibumiseeker
Grandmaster
It’s a flawed premise. If I were buying a property as an investment then I realize a gain (or loss) when I sell. I totally get that. A stock is not taxed on its value in a portfolio, only when it is sold or transferred, because that is the only time is has monetary value and is thus taxable.I can't explain it to you because A.) you don't want to know and 2.) you've already made up your mind. Why would anyone waste their time trying to help you understand how it works?
I'm fine with being able to double my money on our house that we built 20 years ago. Since we haven't had a mortgage for several years, that means it's all for the new house in someplace warm... and it looks like that one will be really nice as well.
Your logic on both counts fails because your premise is wrong and trying to place the blame on my lack of understanding is a logical fallacy. I’m not buying it as an investment, hence I will never realize a gain or loss.
My issue is twofold as I’ve explained before: in the first I don’t believe property owners should be taxed annually, only at transfer of property. Second, and far more vexing, is that the tax is based on an imaginary value that can change but I don’t benefit from that value unless and until I sell.