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Old 02-24-2024, 02:27 PM
pdw pdw started this thread
 
Location: Ontario, Canada
2,674 posts, read 3,091,599 times
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https://macleans.ca/society/worker-housing-canada/

Interesting article suggesting discounted housing for essential workers. I support this idea fully. Can’t have a city without cops, paramedics, firefighters, teachers, garbage men being able to afford to live there.


https://www.youtube.com/watch?v=pnybWr7F1Cg Trudeau talks about piloting this in BC right now in this podcast. I know a lot of people hate the guy, but I gotta give him credit for sitting down for a long form conversation like this with a host that was willing to push back. He needs to keep at this to get his message across and turn around the polling, I think.
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Old 02-24-2024, 07:25 PM
 
3,950 posts, read 3,297,745 times
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Quote:
Originally Posted by pdw View Post
Probably the same number of people who want to live in Omaha or Des Moines. Charlotte and Dallas are almost as expensive as major Canadian cities these days from what I hear,
I think you heard wrong or people had no idea what they were talking about.

Unless things changed dramatically in the last few months, last time I did check Dallas was far from Vancouver or Toronto RE prices.

Last edited by saturno_v; 02-24-2024 at 07:38 PM..
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Old 02-24-2024, 07:37 PM
 
3,950 posts, read 3,297,745 times
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Quote:
Originally Posted by pdw View Post
Probably the same number of people who want to live in Omaha or Des Moines. Charlotte and Dallas are almost as expensive as major Canadian cities these days from what I hear, so it’s definitely a shrinking list of affordable places in the US as well. I don’t think we can “free market” our way out of this situation. It’s happening globally, even in developing countries like India land is expensive in the major cities so poor people are forced to live in squatters slums.

A cursory look at Dallas on Redfin.....dream on that you can find this kind of property in Vancouver for this price and I do not think Toronto is far behind...

https://www.redfin.com/TX/Dallas/412.../home/30793968


You can still find properties in the low 200 and even less within Dallas city limits....sure they are mostly in bad shape still.....we are talking 200......

This 800 sq/ft condo built in 1998 in the City Center District in Dallas is on the market for....$245K...and it has a swimming pool. A kid with his first good job could afford it. Toronto or Vancouver??

https://www.redfin.com/city/30794/TX/Dallas

IMHO Canadian major cities wish they had Dallas prices....
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Old 02-24-2024, 08:37 PM
pdw pdw started this thread
 
Location: Ontario, Canada
2,674 posts, read 3,091,599 times
Reputation: 1820
Quote:
Originally Posted by saturno_v View Post
A cursory look at Dallas on Redfin.....dream on that you can find this kind of property in Vancouver for this price and I do not think Toronto is far behind...

https://www.redfin.com/TX/Dallas/412.../home/30793968


You can still find properties in the low 200 and even less within Dallas city limits....sure they are mostly in bad shape still.....we are talking 200......

This 800 sq/ft condo built in 1998 in the City Center District in Dallas is on the market for....$245K...and it has a swimming pool. A kid with his first good job could afford it. Toronto or Vancouver??

https://www.redfin.com/city/30794/TX/Dallas

IMHO Canadian major cities wish they had Dallas prices....
You have to factor in the conversion rate. Dallas is closer to Calgary prices, yes Toronto and Vancouver are more expensive.
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Old 02-24-2024, 10:20 PM
 
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Originally Posted by pdw View Post
You have to factor in the conversion rate. Dallas is closer to Calgary prices, yes Toronto and Vancouver are more expensive.
Americans earn US dollars not Canadian dollars so for Americans houses are cheaper
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Old 03-04-2024, 04:07 PM
pdw pdw started this thread
 
Location: Ontario, Canada
2,674 posts, read 3,091,599 times
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https://www.theglobeandmail.com/busi...using-problem/

Quote:
We have the fewest homes per capita but the highest home ownership rate; the lowest affordability; the highest population growth; the lowest production of new housing, and the highest cost to build.
We gotta fix this problem. This is just ridiculous. I don’t see how Pollievre’s plan will do anything to make this better. We need to stop stigmatizing constructing public housing as “socialism”. It’s how we solved housing crises of the past and it’s how we can do it again.
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Old 03-05-2024, 08:06 AM
 
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Quote:
Originally Posted by pdw View Post
https://www.theglobeandmail.com/busi...using-problem/



We gotta fix this problem. This is just ridiculous. I don’t see how Pollievre’s plan will do anything to make this better. We need to stop stigmatizing constructing public housing as “socialism”. It’s how we solved housing crises of the past and it’s how we can do it again.
There is something very wrong in the Canada RE market that goes well beyond the (justified) need for more public housing.

I bought my vacation (and eventual retirement) home in Tampa, Florida. The state population is growing like crazy with Tampa one of the fastest growing large cities in the US, home ownership is one of the highest in the nation (higher than Canada) and, still, prices are very reasonable (insanely low by large Canadian cities standard).

Chit chatting with a lot of young people working modest jobs (my air conditioning guy, the pest control technician, etc...), everybody own a home and these kids were not coming from families of means, they are recently married with kids.

Florida has one of the strictest building codes in the nation (understandable why) and there are new housing developments everywhere. We have double digit million dollar homes in Tampa but still you can buy a home for 200K if you want to.

We have no crazy idiotic bidding wars taking glorified carboard shacks prices into the stratosphere and having a house on the market for several months before selling is considered normal, discounts (sometimes heavy discounts) over asking prices are expected.

By the way, red neck Florida has a homestead law that protects your primary residence from creditors in a bankruptcy court.

Housing is a necessity not an investment.

I showed to my Florida RE agent some Vancouver ads and she asked me with her eyes wide open "is this some sort of joke"?? No, it's a sad reality.....

The funny thing is that Florida has been at the receiving end of "investor" money into Real Estate from overseas and all type of money laundering schemes from criminals around the world well before, for example, BC was.

The problem is somewhere else....

Last edited by saturno_v; 03-05-2024 at 08:48 AM..
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Old 03-05-2024, 08:56 AM
 
Location: Canada
7,676 posts, read 5,522,852 times
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Yes Saturno, but can they or will they be able in future to get home insurance in Florida?

Can lawmakers save the collapsing Florida home insurance market?
Quote:
Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida liquidated. Five of those companies liquidated in 2022, and United Property & Casualty Insurance Company liquidated in 2023. Other insurance companies are voluntarily leaving the state. Even more are choosing to nonrenew swaths of home insurance policies, drastically tighten their policy eligibility requirements or request substantial rate increases.
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Old 03-05-2024, 09:15 AM
 
143 posts, read 110,219 times
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CBC:
Affordable-housing buyers already owned homes.
B.C. Housing has sued 13 people, accusing them of lying to obtain below-market-price condos in Victoria
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Old 03-05-2024, 09:50 AM
pdw pdw started this thread
 
Location: Ontario, Canada
2,674 posts, read 3,091,599 times
Reputation: 1820
Quote:
Originally Posted by saturno_v View Post
There is something very wrong in the Canada RE market that goes well beyond the (justified) need for more public housing.

I bought my vacation (and eventual retirement) home in Tampa, Florida. The state population is growing like crazy with Tampa one of the fastest growing large cities in the US, home ownership is one of the highest in the nation (higher than Canada) and, still, prices are very reasonable (insanely low by large Canadian cities standard).

Chit chatting with a lot of young people working modest jobs (my air conditioning guy, the pest control technician, etc...), everybody own a home and these kids were not coming from families of means, they are recently married with kids.

Florida has one of the strictest building codes in the nation (understandable why) and there are new housing developments everywhere. We have double digit million dollar homes in Tampa but still you can buy a home for 200K if you want to.

We have no crazy idiotic bidding wars taking glorified carboard shacks prices into the stratosphere and having a house on the market for several months before selling is considered normal, discounts (sometimes heavy discounts) over asking prices are expected.

By the way, red neck Florida has a homestead law that protects your primary residence from creditors in a bankruptcy court.

Housing is a necessity not an investment.

I showed to my Florida RE agent some Vancouver ads and she asked me with her eyes wide open "is this some sort of joke"?? No, it's a sad reality.....

The funny thing is that Florida has been at the receiving end of "investor" money into Real Estate from overseas and all type of money laundering schemes from criminals around the world well before, for example, BC was.

The problem is somewhere else....
I remember hearing Miami is in the most expensive real estate markets in the world, I believe rents around around the same as Toronto and Vancouver if not higher. I’m surprised it hasn’t spread to Tampa.
I know Florida is a big state but every town in Ontario basically from Chatham to Ottawa to Parry Sound is unaffordable now. Even rural areas, small houses get listed for $699k. What does Tampa do so differently you think that the housing crisis hasn’t spread there from Miami?

Last edited by pdw; 03-05-2024 at 10:13 AM..
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