News for hackers. Stuff that matters.

A comment on Spain proposes 100% tax on homes bought by non-EU residents. Parent comment

Re:Spain proposes 100% tax on homes bought by non-EU residents by dowager_dan99 on Monday January 13, 2025 @07:25PM (#42691642)
they've slashed immigration, so I guess we'll find out. BC is also going to tax any sales after less than 2 years of ownership; I'm doubtful this will increase affordability or supply, but it will essentially kill the economic model of renovation & flipping.
[ Parent | on HN ]
Re:Spain proposes 100% tax on homes bought by non-EU residents by tandr on Monday January 13, 2025 @08:08PM (#42692108)
I don't think it will kill "reno and flip" market. It will become "reno and rent-to-buy later", or "reno, hold and sell".
[ Parent | on HN ]