3 ms·
In Toronto 500k buys you 500 sq/ft. There are condos being built that are as small as 385 sq/ft. Developers are just packing in units and making them smaller an
by hourislate 7y ago
In Toronto 500k buys you 500 sq/ft. There are condos being built that are as small as 385 sq/ft. Developers are just packing in units and making them smaller and smaller and charging a huge premium if you want a larger unit. The buildings are built like shit and the maintenance fees are outrageous. I can't imagine how much worse it's going to get as time goes on and people become more desperate trying to find somewhere to live or something to buy.
- wolco 7y agoIf you want to live downtown or by the waterfront perhaps. Plenty of older 700/1000 condos outside the core for that price. This is still available: https://www.blogto.com/real-estate-toronto/2019/09/cheapest-house-toronto-right-now/ https://www.blogto.com/real-estate-toronto/2019/09/cheapest-...
- digianarchist 7y agoJust live in Pickering. 500k will buy you a house in Pickering and it's 30 mins away from Union Station by Go train.
- perl4ever 7y agoI'm in NY (ah, but not NYC) and inside city limits, within a metro area of 1.1 million people, and I have about 1300 sq ft that cost $165K. And no HOA/condo fees. I'm not really putting in any effort to evangelize and promote the idea, but the concept of a land value tax instead of regular property taxes seemed like a plausible solution to the problems people have with real estate markets. You tax something, you get less of it. We want people to develop and invest in building on land, but we don't want them to profit from the scarcity of the actual acreage. So why not tax the value of the land away, and leave the buildings on it alone?