Priced out of home ownership – 'It makes me want to throw up'

Re:Priced out of home ownership – 'It makes me want to throw... by setgree on Wednesday May 29, 2024 @11:45AM (#40513184)

a person buying a condo in Vancouver generally isn't purchasing land, and if they are, then yes, the land might appreciate even as the thing built on it degrades over time due to a bunch of natural processes (e.g. wood decays)

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Re:Priced out of home ownership – 'It makes me want to throw... by SCM-Enthusiast on Thursday May 30, 2024 @11:26AM (#40524842)

someone buying a condo is absolutely buying land. That land just is split up across x number of condos. The appreciation that you get on the Condo, is the fact that the land is usually in a very ideal location. That's when the economics of "Going up" even makes sense.

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