🚀 go-pugleaf

In article <BAUDAIS.93Aug9120852@bmerha4b.x400gate.bnr.ca> baudais@x400gate.bnr.ca (Michael Baudais) writes:
>>>>>> "leclercl" == Louis Leclerc <leclercl@bmerh136.bnr.ca> writes:
>
>  leclercl> Assuming that a cartel is operating...I make the (possibly
>  leclercl> unfounded) presumptions:
>
>  leclercl> Housing prices/appt rents seem to run about 75% to 85%
>  leclercl> higher than they should be for a city this size and
>  leclercl> location. It would seem that if a land cartel is really
>  leclercl> operating in Ottawa, as may be the case, why aren't people
>  leclercl> complaining about it? Losses due to this must add on the
...snip...
>
>But what would the loss be to all those people who see their house
>price drop by 75%?  What percentage of people who inhabit the city own
>their own homes?
>
>The people who will stand to gain by complaining are renters (a
>sizable chunk of the population) and home buyers (trivial amounts,
>relatively) from outside of Ottawa, or who are buying their first
>house.
>

Don't forget all the people who intend to KEEP their homes, and would
definitely benefit by a lowering of their property value for tax
reasons.

<marc>


-- 
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Marc Donovan      donovan@bnr.ca  [Voice: (613) 765-2868 Fax: (613) 763-9250]
---- Disclaimer: I am the only one responsible for my opinions.