One measure of dysfunction in a housing market is the spread between the cash value of a home and the construction cost of a replacement home on the same site — in other words, the cost of the dirt the home is sitting on. By this measure, the most expensive coastal cities — as wellRead More
Kristjan Gottfried and Michelle Hurtig were first the waiting list for Vancouver’s Marina Housing Co-operative, a nonprofit when the volunteer co-chair of the admissions board told them that their new home couldn’t be confirmed until they found out the sex of their unborn baby. When they found out they were having a girl, theyRead More
Presidio Terrace is a “block-long, private oval street lined by 35 megamillion-dollar mansions” dating to 1905, where the homeowners are obliged to pay the city $14/year for property tax on their sidewalk, road and traffic islands.
Since the 1980s, that $14 bill went unpaid, because it was sent to the address ofRead More
Toronto’s crazy-insane property prices stayed high even through the 2008 crash and its aftermath, but sales volumes of houses of all types plummeted by 40.4% for July 2017-vs-July 2016, new listings are up by 5% over the same period — and the average selling price has fallen by 19% since April.
April isRead More
Lynne Patton has no experience with housing policy, claims to have a law degree from a university that says she dropped out after two semesters, claims an affiliation with Yale that no one can explain, and is implicated in the Eric Trump charity scam that directed cash earmarked for children’s cancer research into theRead More