3 years ago I sold my home for exactly double the amount I paid for it...If that new owner would sell now, then they would sell for more...
I'm LEAVING Alberta !!!!
- Thread starter Jsan
- Start date
Sad to hear that, I am actually looking to go back next year. I currently live in Dublin/Ireland and trust me - this must be the most expensive place in Europe and on of the top in the world! Within past 10 years Ireland has been booming, now the country is quite rich but the cost of living is insane. For example price of 1 bed app is between 900-1200 euro (1350-1800 dollars) while many people work for 1500-2000 a month...
So remember it could always get worse!
Governments like that of Quebec need to focus not on controlling rents, but controlling their spending, getting out of debt and strengthening their economies. This may have an unfortunate affect of raising house prices, but for those already living in Quebec and already owning their own home it will just add to their net worth. A stonger economy will increase jobs, retain local people (ie. they wont move to other Provinces for work) therefore strengthening the communities, attract new residents (people moving to the Province), reduce unemployment (therfore increasing peoples self worth and improve their living standards) and bolster the earning potential of those living in that economy. It will of course also raise more taxes for the government to follow a fiscally prudent spending plan to increase public and social requirements, while controlling spending
Why is it that the largest recipeint of equalistation payments should continue spending and raising debt? Those "have" Provinces give to assist those Provinces less fortunate, so that those Provinces can develop stronger economies in the hope of becoming more self sustainable. Why should Quebecers get tax breaks after the new fiscal imbalance payments? Sorts of makes me understand the "have" Provinces complaints about having to give. These Provinces may have reasons for being better off (ie. Oil/Gas in Alberta etc), but they also don't just spend, spend spend and blow everything they have. Quebec acts like a lottery winner who wins big, but within a few years is back where they started, as they blew the lot!
As an Albertan resident, I have no problem with my tax dollars going to help economies in the Maritimes etc, but I have a serious concern when it comes to my money going somewhere just to give tax breaks. Tax breaks invariably bring more money into everyones pocket, but it almost always ends up with more useable money to those already earning more, than it does to those struggling to make ends meet. I would rather see more security for those in work, more jobs and more work in retaining the local work force.
I had a friend who lived out there for a few years, for the longest time he lived in a tent designed for cold weather. It wasn't until several co-workers decided to join together and rent a place did he have and actual residence. He made a great deal of money in the time he was there, but even co-habitating he said things were still expensive.
My brother lives just outside Edmonton and plans to sell his house in the next while. He and his wife plan on moving (looking at NS). He figures they'll be able to purchase property for cash and be completely debt free simply by the equity he has in his current home. Maybe start a B&B. Both have medical issues are in their 40's and want to retire early.
It's a wonderful opportunity for him and his wife and I'd love to be able to do that too, however, I take family responsibility seriously and can't abandon them. If hubby and I left, there'd be no one to watch/care for them. So, we'll struggle along. Fortunately, we bought our home before the "boom" so even if the housing prices drop, we'll not lose anything.
But previous posters are absolutely correct - our wages have not even kept up to inflation, let alone cost of living. We're lucky though because we don't have a sky-high mortgage and our payments are quite reasonable. I can't imagine paying $300,000+ for housing and $1000+ for rent. It's absurd!!
When we came back to Alberta in 1984, the crash at that time was already happening and people were simply walking away from their homes. I would imagine that that's what'll happen this time too - not right now maybe, but in a few years.
I believe absolutely, that the government let everything happen way too fast. You would have thought that they would have learned something from last time..
It's a wonderful opportunity for him and his wife and I'd love to be able to do that too, however, I take family responsibility seriously and can't abandon them. If hubby and I left, there'd be no one to watch/care for them. So, we'll struggle along. Fortunately, we bought our home before the "boom" so even if the housing prices drop, we'll not lose anything.
But previous posters are absolutely correct - our wages have not even kept up to inflation, let alone cost of living. We're lucky though because we don't have a sky-high mortgage and our payments are quite reasonable. I can't imagine paying $300,000+ for housing and $1000+ for rent. It's absurd!!
When we came back to Alberta in 1984, the crash at that time was already happening and people were simply walking away from their homes. I would imagine that that's what'll happen this time too - not right now maybe, but in a few years.
I believe absolutely, that the government let everything happen way too fast. You would have thought that they would have learned something from last time..