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The only way to really capture that wealth is to downgrade or to go to an area that has underperformed, neither of which are typically appealing options, nor ar
by chongli 3y ago
The only way to really capture that wealth is to downgrade or to go to an area that has underperformed, neither of which are typically appealing options, nor are they generally aligned with our notions of “increased personal wealth”.
There are people doing that. I know of multiple people who have sold their $1m++ houses in the city and moved out to retire on farms. Their property taxes and total cost of living went way down and all of that real estate wealth turned into cash.
- djkivi 3y agoA lot of Ontario license plates here in Alberta these days.
- otoburb 3y agoDo you mean that there are a lot of Ontarians temporarily staying in Alberta for less than 183 days, or that a lot of those newly minted former-Ontarians Albertans arrived in the last 90 days[1]? [1] https://www.alberta.ca/transfer-vehicle-registration https://www.alberta.ca/transfer-vehicle-registration