OFC with Canada being in one of the most epic RE bubbles in history, that housing is a big driver of food bank need. TOTAL housing costs should be 30% or less of gross HHI to be sustainable long term and allow a family to budget for other needs.
TLDR: Developers hoping this pesky bubble pop thing slows & still pulling all the stops in attempt to limit price discovery & buyers being aware of just how much empty inventory is already hiding out there.
Hint- you're seeing just a tiny fraction of said inventory vancouversun.com/opinion/colu...
and total means total, not just that rent/mortgage payment.
Renters, or property/unit owners Insurance
Heat
Electric
Water
Maintenance costs/savings contributions
Property taxes
Strata/condo fees
Many are already far beyond the 30% just paying rent
Do not create a privacy nightmare for everyone by blocking social media by age.
Make kids use shitty phones.
I don't know why everyone is making this so complicated. Kids have to drink soft drinks until they're 18, they should have to use soft phones during the same period.
Then there's this fuckery #CdnRE
Hey... crying 🍁people begging the gov for help who speculated on microcondos who told my gen & younger to "pull ourselves up by the bootstraps" back when we complained about the growing real estate bubble.
Maybe try the same? If you have to sell the house to close- do that? Bootstraps- remember?!
As heat becomes a growing health concern, When do we ensure ALL rental homes have MAXIMUM temperatures? Just as we have minimums temperatures to protect life in the winter.
Esp as more homes are high up w window restrictors or blowing wildfire smoke makes opening windows for outside air unsafe.
"they're unlivable" well, should have thought of that before signing to buy one in the exclusive sales event you also lined up to attend.
"small apartment tour" will show you plenty of folks out there who figured out ways to make small spaces work. It's going to be "cozy", but bootstraps amiright?
Story from last year.
Every home needs to TEST! and when do we demand rental homes in 🍁 should be radon safe too?
Not just house owners should have the privilege of creating a #radon safe home & avoiding the leading non smoking cause of #LungCancer