Quote:
Originally Posted by burn_this_city
I can understand where fotze's coming from, I just think you folks also reaped the benefits of rising housing prices during the boom more than suburbanites. Also most major infrastucture projects are paid in majority by the province.
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I haven't read all the pages on this, so perhaps it's been discussed already. However, I haven't benefited from this yet. I bought my house 10 years ago, in that time the assessment has nearly tripled. I still own the house and while on paper I have a great investment, it's only great if it's actually sold. Selling my house means I have to buy another which means I'm paying the inflated prices everyone else is.
The only time I will benefit is if I move to a cheaper location or use the value of the house for retirement purposes. The only benefit I've seen to date is as my assessment value has gone up the amount of taxes I pay has also gone up.
I have no problem contributing my share to infrastructure projects in the city just like I have no problem with a part of my taxes going to the school board even though I will not be having kids. It's part of belonging to the community. I only ask the city to be pragmatic in how they spend the money. If they aren't meeting my needs my recourse is to move away.