🚀 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
>  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?
>
>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.
>
>Mike
>
>----------------------------------------------------------------------------
>Michael Baudais          | These opinions are my own, and do not necessarily
>Internet: baudais@bnr.ca | represent those of BNR.


Now if you have been follow this thread and believe it try
and explain the following:

  1) why are house prices even higher in the areas just
outside the green belt such as Barhaven, Manotick, Richmond,
Orleans, Gloucester, Kanata, and Stittsville?

  2) why are house prices just as high as those in Ottawa in
towns up to 50 Km out. eg Emburn, Almonte, Carlton Place or Arnprior?

  3) why have the house prices in Ottawa been stable for
more then 50 years with no radical up or downs? ( in other
words the cartel has been in affect for more than 50 years)


	Lorne