Paul Wayne Posted March 18, 2019 Share Posted March 18, 2019 Hi, I have a question about properties and tax. As all of you know, if you buy more then two houses you will get taxed on top of the selling price. In my case I have 4 houses in total, and if I try to buy a $95k house I will have to pay $171k because of taxes (I know the exact price because I tried to buy a house). First of all, how is this calculated? and secondly, if I wish to buy a business, lets say a club, from another player will I face tax on top of the selling price? or is this something only for houses? Thanks! Link to comment
Estes Posted March 18, 2019 Share Posted March 18, 2019 Seriously, 171K tax for 95K house? Sounds like an economical error. Link to comment
Paul Wayne Posted March 18, 2019 Author Share Posted March 18, 2019 Yes because I have 4 houses. Its phenomenal. Link to comment
John Chambers Posted March 19, 2019 Share Posted March 19, 2019 I believe it was a system put in place to prevent people from owning too many houses at once. There was an issue in the past I believe with people buying too many houses to just flip them all later for a rather large profit with no restrictions set in place. Link to comment
Perky Posted March 20, 2019 Share Posted March 20, 2019 8 hours ago, John Chambers said: I believe it was a system put in place to prevent people from owning too many houses at once. There was an issue in the past I believe with people buying too many houses to just flip them all later for a rather large profit with no restrictions set in place. I am hoping this is intended. The prices now are nice and allow each player to get affordable housing. If people are allowed to spam buy properties and then flip them for a stupid amount it becomes crazy expensive. However, roleplaying an estate agent would be much easier if the opposite was true. Link to comment
Velora Posted March 20, 2019 Share Posted March 20, 2019 I think its fine. If you wanna RP as a real estate agent, then you should need special perms to do it ( maybe that reduce the tax), along with more strict oversight to ensure you don't just buy up the entire market for the profit of flipping once you increase demand artificially. Link to comment
Cryptography Posted March 30, 2019 Share Posted March 30, 2019 On 3/20/2019 at 4:50 PM, Velora said: I think its fine. If you wanna RP as a real estate agent, then you should need special perms to do it ( maybe that reduce the tax), along with more strict oversight to ensure you don't just buy up the entire market for the profit of flipping once you increase demand artificially. I agree, however, we don't want people stockpiling real estate. Link to comment
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