🚀 go-pugleaf

Michael Baudais (baudais@x400gate.bnr.ca) wrote:
: >>>>> "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

I'm curious to know where you got these numbers.  Do you have a source
or personal comparative observations?

:   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
:   leclercl> order of many thousands of dollars of extra costs to
:   leclercl> people's mortgages and rents *each year* (ie. way more
:   leclercl> loss than the GST, or the social contract which everyone
:   leclercl> is complaining so much about).
: 
: 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?
By my calculation, Louis had suggested a 40% decrease.  Your point,
though, is still valid.

(stuff removed)

I missed the start of this thread, but I'd like to comment on my
theory of house prices:

I have noticed that the average price of a home in Ottawa starts
at about what one person earning $40K/year or about $80K to $100K
plus another 10 to 25% for the down payment.

It seems to me, a small surprise, that a LOT of new houses sell
for about twice that - the amount two $40K/year earners can
afford.

In other words, we (people who can afford or barely afford it)
have driven house prices up to their current level.

I'd be curious to know if anyone has studied the difference
between average saleries and house prices across Canada?



Dwayne Clipperton.
clippy@bnr.ca

They may be my opinions - but I haven't been told that yet.