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submitted 1 year ago* (last edited 1 year ago) by sbv@sh.itjust.works to c/canada@lemmy.ca

Time to loosen zoning restrictions and say no to NIMBYs Ms. Mayor. *

Despite earning around $90,000 a year between her work as mayor, regional councillor and with the local electric utility, she says she can’t afford to buy a home in the municipality she leads.

* yeah, she's still paying off student loans, and I don't know what zoning restrictions are like in her community. But still.

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[-] cyberpunk007@lemmy.world 5 points 1 year ago

Yeah homes being viewed as an investment is stupid and only came to be for those that could afford to buy lots.

[-] EhForumUser@lemmy.ca 2 points 1 year ago* (last edited 1 year ago)

Homes became an investment when living near your workplace became a necessity. Any tool which facilities an income is going to naturally become an investment. That's what investment is.

The COVID thing decoupling some jobs from location has helped marginally – seeing a small decline in home values (although perhaps moving it to places where jobs were previously less commonly found) – but that can only get you so far. The vast majority of income sources are still location dependent.

this post was submitted on 13 Aug 2023
303 points (97.5% liked)

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