Why should grandparents be ashamed of wanting to remain in the city where they raised a family and have deep roots, where their kids and grandkids live. To suggest moving to a 3rd world country with a different language and live out their remaining years. I doubt they worked for decades with a retirement dream of moving to Costa Rica or Nicaragua. Wouldn't it make a lot more sense to simply move to Kamloops or Victoria and remain within a few hours drive or the people they'd like to see.
Why are people in Vancouver complaining about rents and real estate prices?
- Thread starter JoeSmith6
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It has nothing to being "ashamed"....and at the same time it has everything to do with their tax bill.The current tax bill equals the purchase price of their home they bought over 40 years ago and the value of the LAND has increased 100 fold.Long story short you have to pay your fucking taxes.I dont like it but damned if I can escape it.Do I have children that partake in the education system?No I dont....though I sure as fuck would not want them to be brainwashed by the Socialist Education System that is place right now.At the same time I am paying for it so I have no sympathy at all when school fees etc go up as I am a payer who does not draw on the system.
Your examples of moving alternatives are utterly stupid I will say....Kamloops is hours away and the cost of living in Victoria on Vancouver Island is even more expensive as there is a shitload of less land for people to live.
At the same time calling Costa Rica or Nicaragua "shitty 3rd world" countries is laughable a best.A couple of seniors with a 4 MILLION nest egg and never mind anything else could live like ROYALTY and get better healthcare than in Canada for FAR less than living in Canada.I know I for one would much rather retire in a tropical country "living the life of Riley" rather than being stuck with a leach like property tax bill that slowly sucks the value out of my MAIN life long investment.......but at the end of the day you cant reason with Left Coast Liberals.....they dont want this....they dont want that.....they just want what they want and if anything comes along that is scary it is straight up NIMBY....at the same time they expect/want to not have to pay for it.
Cripes give me 1 MILLION in cash free and clear and I would happily move to Costa Rica/Nicaragua/Thailand in a heartbeat.My life would be awesome and happy.I would not have to suffer under what is going on in Canada now.....the virtue signalling over "climate change"makes me want to puke.....got my utility bill the other day and the cost of the "carbon levy" was 20% MORE than the actual COST of the natural gas I foolishly used to heat my home and frivilously have hot water to shower each day for work.Will that "Carbon Tax" reduce emissions? Not likely......not at all....it is just another tax brought to Canadians via the Lieberals nationally.
Give me a Million and the ONLY thing Canada means to me is a valid passport.....and if that got to be a problem it could be solved.
SR
Vancouver and the lower mainland and Victoria (on Vancouver Island), have the mildest weather, compared to the rest of Canada. They are good places to live. But it is expensive in terms of ownership/renting. Canada is a good place to live. Its cold in the winter for most Canadians. Taxes are high in Canada due to the socialist society we have. We get Health Care.
So ask yourself why are property taxes high for that older couple? Well over the years the governments lowered taxes for corporations/businesses and governments had to find new way to pay for all the infrastructure that we have in Canada (roads, hospitals, transportation).
Taxes- now you get a better tax return if you donate to a political party then if you gave to charity/church.
As for selling the house for 4 million and moving elsewhere. Look at the world today, it is getting more unstable in terms of weather (wouldn't live in the Caribbean due to hurricanes etc), the US is pulling back from being the world's police force. As you age you will use the health care system more and more (demographics- in Canada we have an aging population), so as people retire the system is more and more burdened.
In 2000 I bought a house and the taxes were 1200.00, today that has gone up to 2200.00, in twenty years time it will likely double to 4400.00. That will be too much. Houses are not a business and generate wealth like an normal business, but the fact is houses/home ownership is being treated as one by the governments. When you retire and are on a limited income, your money will be sucked out by taxes, like the couple with the 4 million dollar house. Somewhere out there is the fact that land has to generate revenue, if not for the owner, it will for the government.
For years the provincial government has allowed the price of housing in Vancouver and lower mainland to increase, in order to charge more taxes... But real estate developers, house flippers, house assessment people, banks all have a hand in the drastic rise in the real estate boom, in order to make money.
HGTV- popular shows, shows couples flipping houses etc all contributing to the quick and easy money making schemes. People fall for that.
The average Canadian income is about 72,000.00, your need to earn 150,000.00 to 250,000.00 to afford to live in Vancouver. Its why escorts charge 300.00 -400.00/hr in Vancouver.:bounce::bounce:
Look at the greater Toronto area, there must be at least 5000 or more people flipping houses in order to generate tax free capital gains. I am not sure if there is a limit on how many houses you can flip.
So ask yourself why are property taxes high for that older couple? Well over the years the governments lowered taxes for corporations/businesses and governments had to find new way to pay for all the infrastructure that we have in Canada (roads, hospitals, transportation).
Taxes- now you get a better tax return if you donate to a political party then if you gave to charity/church.
As for selling the house for 4 million and moving elsewhere. Look at the world today, it is getting more unstable in terms of weather (wouldn't live in the Caribbean due to hurricanes etc), the US is pulling back from being the world's police force. As you age you will use the health care system more and more (demographics- in Canada we have an aging population), so as people retire the system is more and more burdened.
In 2000 I bought a house and the taxes were 1200.00, today that has gone up to 2200.00, in twenty years time it will likely double to 4400.00. That will be too much. Houses are not a business and generate wealth like an normal business, but the fact is houses/home ownership is being treated as one by the governments. When you retire and are on a limited income, your money will be sucked out by taxes, like the couple with the 4 million dollar house. Somewhere out there is the fact that land has to generate revenue, if not for the owner, it will for the government.
For years the provincial government has allowed the price of housing in Vancouver and lower mainland to increase, in order to charge more taxes... But real estate developers, house flippers, house assessment people, banks all have a hand in the drastic rise in the real estate boom, in order to make money.
HGTV- popular shows, shows couples flipping houses etc all contributing to the quick and easy money making schemes. People fall for that.
The average Canadian income is about 72,000.00, your need to earn 150,000.00 to 250,000.00 to afford to live in Vancouver. Its why escorts charge 300.00 -400.00/hr in Vancouver.:bounce::bounce:
Look at the greater Toronto area, there must be at least 5000 or more people flipping houses in order to generate tax free capital gains. I am not sure if there is a limit on how many houses you can flip.
Balonymeter 100/100
https://www.rew.ca/properties/R2262893/2925-waterloo-street-vancouver-bc?search_id=769575959&search_type=property_search
Gross property tax for a $4 million house in Kitts is about $8K, nowhere near $35 fucking thousand.
I am going by the information I read in a story on MSN.....the couple stated their education tax portion was $16,000 and the total tax bill was $35,000 or higher.....I state only the FACTS I have read via our media.
SR
Gross property tax is a combination of all taxes - general purpose tax levy, provincial school tax, Translink GVRD, BC Assessment Authority, and Municipal Finance Authority,.
http://vancouver.ca/home-property-development/residential.aspx
Change your trusted source of information, unless you want to be known as vacuous windbag with nothing substantive and verifiable to add, other than ideological hyperbole.
Wow that statement you quoted and shoved in my face must have gone right over your shoulder like a fastball.....so I will once again state "The story was something I READ on MSN.....I READ it....I did not WRITE it or PUBLISH it.
SR
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