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Originally Posted by Winsor_Pilates
I do have sympathy for the struggle that is buying real estate... but the people in these articles always raise my spidy senses.
Was the Ross family of 4 not buying in 2-3 years ago for any good reason?
Did Mr Ross pass opportunities to get into the house market with even a 1 bed condo and have some skin in the game?
Was he one of those people telling all their friends who were buying properties how the bubbles is going to burst and laughing at them?
And now he's he poster child for these articles and assumes no responsibility for any past decisions?
Maybe he's not but I know a lot of Mr Ross's that would love to complain to newspapers now but were the smartest guys in the room for years when not buying any real estate.
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To be fair the housing market in many cities has been bonkers for a while. I jumped in just over a year ago, but only because credit was free and I was being pushed by the lady before our child was born. I felt like a complete idiot for taking on that large of a mortgage. I still wonder if I've done the right thing, as that crash could be happening any time.
It's also bizarre that working people can't afford houses in London, Ontario. This isn't central Toronto. The government needs to facilitate more housing construction. This is a national emergency at this point. A city like London is surrounding by nothing, but insufficient construction is happening due to all the red tape. Their city website says the plan is to grow upwards, because they are concerned about preserving farmland. There's nowhere else in player in the province to farm than just outside the city limits of a growing city. How long can they keep up the fake land scarcity issue in Canada? It's absurd.