Zizzzzy
Registered User
- Dec 6, 2017
- 2,005
- 1,484
You realize that buyjng a house for 11.6 million and selling it for 11.8 million will result in hundreds of thousands in losses right?
Forget the obvious additions/Reno’s like the rink.
It costs 3-500 k in land transfer tax on an 11 million house. So the house is over 12 million
And then what 2-5 percent real estate fees? That’s 200-400 k. That then gets taxed.
He’s taking a bath on the house...... and then he rents a condo?
After his base salary would barely cover the losses
There is no reasonable way he is planning on staying here and selling that house. It’s the worst investment decision like ever
.
What the hell are you going on about?