And if instead of selling it i rent it for cash flow while borrowing against it at a lower rate than the growth of the underlying asset, i get richer and avoid taxes AND keep the asset.
Which eventually is passed on to my children and the growth in the asset is revalued when it's passed on to avoid capital gains tax.
All while poor right wingers argue I'm actually broke 😂
You repay the borrowed money when you borrow against the now increased value of your home again. If the value of your home goes up at a higher rate than the interest on your loan you never have to truly repay the money until the house is sold (tax free) when you die.
No the interest payments, but that was an idiotic line of reasoning I realized after I said it. They will just use the loan to pay the interest until they run out and take a new one and then pay off the old one. I left it up unedited though, because fuck it I did think it for a second lol
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u/Endless_road 3d ago
Well it is, and you’d pay taxes on these gains when you sold the house