I dont think you can blame the government for prices of housing. Maybe I'm wrong, but they can't have a lot of influence over such market forces as most of newfoundland moving to edmonton
I think the gov should assume control, it's only sensible as things get out-of-control...we need a gov that has some backbone...! The gov's should be regulating these issues - or somebody else will... or rather, the "dollar" sign will rule instead of the gov...
Well, they're controlling "RENTS" here in Quebec, and they can do more... but, do they care...? And we're always complaining about the fact that Canadians are not patriotic... however, there's nothing wrong about complaining. Anyways, this is quite an issue, and on the other hand, the gov makes money - but do they make it so that "it" rules instead of them...?
I understand how one can be "pissed" about control, but how about the other that suffers abuse? I guess, there has to be a balance in all things. Is that too absurd to understand? Would you buy a pair of pants for the price of a Mercedes-Benz...? Does that make any sense? Is an economy "healthy" when people (in general) can't afford to live sensibly? Is it "healthy" to buy pants for that price? I know that might sound like a crazy comparison, but the so-called booming economies can bring lots of trouble...
People are concerned about a potential deflation of property values, particularly those who have bought in the last couple of years or are buying now. Putting in rent controls would guarantee it.Well, "rents" are for apartments and the example for "pants" was simply conveying a tiny message... when you buy something, then that product has a "value". If it's worth $100, then why should I pay $2000.00? Wouldn't you say, that's a steal...?! Even with control, a sensible "range" of profit can be made. My concern is for all, not just my personal "profits" per sale of my home.
Anyways, that's just my opinion. I think that "people" should play a role in our society and be concerned for one another. Everybody is out for the best "buck". I guess that will never change... no doubt.
It's pretty simple economics. I don't pay $100 for pants, because I don't think any pants are worth $100. I don't go to high end stores, I shop cheap stores like Wal-Mart, Old Navy, and *gasp* Salvation Army. I don't feel clothes are worth what some people pay for them. So I choose not to pay that. I'm not about to get my panties in a bunch because I can't or won't pay what some other do for simple pants.Well, "rents" are for apartments and the example for "pants" was simply conveying a tiny message... when you buy something, then that product has a "value". If it's worth $100, then why should I pay $2000.00? Wouldn't you say, that's a steal...?! Even with control, a sensible "range" of profit can be made. My concern is for all, not just my personal "profits" per sale of my home.
Anyways, that's just my opinion. I think that "people" should play a role in our society and be concerned for one another. Everybody is out for the best "buck". I guess that will never change... no doubt.
Keeping the original post in mind...I have had it with living in this province. I was born in Edmonton, have lived here most of my life and had no intentions of leaving....until now. It has become so ridiculously expensive to live here I see no future for myself in this city. My rent has gone up 3 times in the last year and just a couple of days ago I just received a notice that it is going up again. This is an apartment that normally costs 650 dollars a month and is now well over 1000 dollars a month and climbing. We have no rent control in this Province so there will be no end to the rent increases. Why? because allot of people have no choice, no money saved so they cannot take on an expensive move to a cheaper province so at 0% vacancy most lanlords know they can charge whatever they want. At the same time housing is beyond insane, where my parents house (1100 sqft 50 yr old very average not fancy bungalow) was worth 160k a few years ago it is now worth 450k. I wouldn't even consider purchasing a house in Edmonton at those prices because this is Edmonton, prices that double in one year can also very easily lose that same amount in one year, it has happened before in the past with devastating financial implications to families. A recent poll done showed that 70% of Albertans have not only not seen any benefit from the current boom but consider it a negative impact on their lives . The other 30% are probably fast food workers who have seen their wages go fro 7 dollars an hour to 10 or 11 dollars an hour. My wage (high tech field) has not budged as have most other peoples wages. they remain stagnant while prices and cost of living soars. Yea, this is what we refer to as the Alberta Advantage? That term was coined by the few big wigs in the oil industry who have benefited from this boom!
Quebec looks pretty cheap.Quote:
"People are concerned about a potential deflation of property values, particularly those who have bought in the last couple of years or are buying now. Putting in rent controls would guarantee it."
Well, deflation is coming... on way or another - and what happens when you've paid $600 thousand for your new home and it deflates to $100,000? Somebody will stick a pin in your balloon one day - it's coming...through rent controls or something else... that's basically the core to what I was saying in the beginning. One day, people who made these investments will eventually lose... so is there anything sensible in it afterall? There is much "risk" involved when you purchase a house today.
Even though there are rent controls here in Quebec, the cost for buying homes just keeps soaring... it's insane...
I have had it with living in this province. I was born in Edmonton, have lived here most of my life and had no intentions of leaving....until now. It has become so ridiculously expensive to live here I see no future for myself in this city. My rent has gone up 3 times in the last year and just a couple of days ago I just received a notice that it is going up again. This is an apartment that normally costs 650 dollars a month and is now well over 1000 dollars a month and climbing. We have no rent control in this Province so there will be no end to the rent increases. Why? because allot of people have no choice, no money saved so they cannot take on an expensive move to a cheaper province so at 0% vacancy most lanlords know they can charge whatever they want. At the same time housing is beyond insane, where my parents house (1100 sqft 50 yr old very average not fancy bungalow) was worth 160k a few years ago it is now worth 450k. I wouldn't even consider purchasing a house in Edmonton at those prices because this is Edmonton, prices that double in one year can also very easily lose that same amount in one year, it has happened before in the past with devastating financial implications to families. A recent poll done showed that 70% of Albertans have not only not seen any benefit from the current boom but consider it a negative impact on their lives . The other 30% are probably fast food workers who have seen their wages go fro 7 dollars an hour to 10 or 11 dollars an hour. My wage (high tech field) has not budged as have most other peoples wages. they remain stagnant while prices and cost of living soars. Yea, this is what we refer to as the Alberta Advantage? That term was coined by the few big wigs in the oil industry who have benefited from this boom!
Said, I like the ol' pic back! You're yourself again!
You forgot to mention the free crack pipes in Ottawa too. It has to be a benefit. Doesn't it?