3 ms·
Well put. Adding to this. The government is always there, with its hands out looking to get a slice of the real-estate market. - Property taxes - Land trans
by kenned3 4y ago
Well put.
Adding to this.
The government is always there, with its hands out looking to get a slice of the real-estate market.
- Property taxes
- Land transfer taxes
- Development fees
And once you buy your house, any attempt to improve it could trigger more government involvement. Building permits, inspection fees.
Your point is spot-on. I think a big part of it is "keeping up with the Joneses". Everyone wants that 3,000 square foot house, and naturally it has to be within walking distance from work.
Lastly - Location is a a major problem.
Here (Ontario) the common complaint is "i cant afford to live in Toronto" - Living in Toronto is NOT A RIGHT. No one owes you "affordable housing" in Toronto to avoid a commute. A Lot of people commute on the GO train daily..