Re:Canada to ban foreigners from buying homes
by ericmay on Thursday April 07, 2022 @06:05PM
(#30950887)
Yea but paying employees more means they can afford to buy more expensive houses. It all fits together.
While I think there's a lot that Canada (and other democracies) can do to help reduce housing prices, it's almost like a truism that if you have a great city with a lot of high paying jobs, getting closer to the city and getting access to that city will be expensive. I mean, if we were to take what you were saying to heart, why doesn't all of Canada move to one city? Clearly there are some bounds.
> So while you'd be spending a larger percentage of your money locally, you'd also be spending less money in absolute terms.
True, but in absolute terms it's cheaper to live where you're spending the money as well, which pays for a house, etc.
While I think there's a lot that Canada (and other democracies) can do to help reduce housing prices, it's almost like a truism that if you have a great city with a lot of high paying jobs, getting closer to the city and getting access to that city will be expensive. I mean, if we were to take what you were saying to heart, why doesn't all of Canada move to one city? Clearly there are some bounds.
> So while you'd be spending a larger percentage of your money locally, you'd also be spending less money in absolute terms.
True, but in absolute terms it's cheaper to live where you're spending the money as well, which pays for a house, etc.