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Last time I said that to someone they didn’t believe it, but it’s true, yet people are spending 70years mortgage to buy few square feet of property to spend the
by tamimio 3y ago
Last time I said that to someone they didn’t believe it, but it’s true, yet people are spending 70years mortgage to buy few square feet of property to spend the rest 10y of their lives in.
- ricksunny 3y agoDisturbing and I feel we can do better. The primacy of the 30-year mortgage as the anchor of professional life & status needs to recede into history.
- ta1243 3y ago100% land value tax, distributed evenly to each citizen as a citizen dividend. Therefore everyone can have an equal amount of land (by value -- land in the middle of a major city is clearly more valuable than land in the middle of nowhere), and the only thing they then need to do is build appropriate shelter.
- VancouverMan 3y agoBeyond the cost, what's even more nonsensical about land "ownership" in Canada is the significant lack of freedom and control that comes with it. This should be clear to anyone who has been involved with, or even just witnessed, expropriation proceedings, for example. The bureaucracy involved with building or extending common structures on property that one "owns" can be extremely costly, time-consuming, and painful. Even trimming or removing a tree on said property can involve significant restrictions and bureaucracy in some places.