Seems obvious. I’m no one special but two years ago I said the exact same thing to a friend who is an economist, CPA and a partner at Delloit in Ottawa and was told I was wrong.
Why take taxable risk in enterprise when one can just buy a bigger mansion that will appreciate tax free at 10-25% per year?
Why lend money to business when one can underwrite insured mortgages?
A friend at work was outbid two days ago at $70,000 over asking for a house in Ottawa. My comment, I guess 5.5% isn’t high enough. The insanity continues without pause.
We are eating our futures to afford million dollar homes that cost $90,000 40 years ago.
It’s not immigrants and temp foreign workers who are doing this. We are doing this to ourselves.
Every brain from Tiff Macklem to the first time home buyer is locked into this death spiral of major urban residencial real-estate investment.
Oddly enough, i would suggest that over the majority of Canadian geography, there is no affordability crisis. That is where we need to go.
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Seems obvious. I’m no one special but two years ago I said the exact same thing to a friend who is an economist, CPA and a partner at Delloit in Ottawa and was told I was wrong.
Why take taxable risk in enterprise when one can just buy a bigger mansion that will appreciate tax free at 10-25% per year?
Why lend money to business when one can underwrite insured mortgages?
A friend at work was outbid two days ago at $70,000 over asking for a house in Ottawa. My comment, I guess 5.5% isn’t high enough. The insanity continues without pause.
We are eating our futures to afford million dollar homes that cost $90,000 40 years ago.
It’s not immigrants and temp foreign workers who are doing this. We are doing this to ourselves.
Every brain from Tiff Macklem to the first time home buyer is locked into this death spiral of major urban residencial real-estate investment.
Oddly enough, i would suggest that over the majority of Canadian geography, there is no affordability crisis. That is where we need to go.