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#housing market
animentality · 2 months
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It's no surprise that living in Toronto has gotten more and more expensive. But now, the average price of a home in the city exceeds how much people make by a shocking amount.
According to a new report from RATESDOTCA released Thursday, the average Toronto home price surpasses the average median household income by 210 per cent.
The average home in Toronto costs a staggering $1,163,700, according to the MLS. This is $778,7000, or 210 per cent, more than what a typical household can manage with a median average income of $93,006, the report says.
Full article
Tagging: @politicsofcanada
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anarchywoofwoof · 5 months
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this could legitimately be about any cause that liberals "support," but in particular, i made this in response to the reaction from some of the local city-based subreddits that i've been reading recently.
self-proclaimed "pretty progressive people" are complaining of "empathy fatigue" (LOL) because they have to "deal with" unhoused people and people addicted to drugs on a regular basis.
as usual, pulling back the curtains on the real state of the world has always been too grotesque for these NIMBY-types to stomach. so they'll turn their backs on their so called "principles" because they have a high population of unhoused people in their area and it's starting to personally affect their comfort.
we're not asking questions like: why are we still allowing anyone in any major metropolitan city to sleep on the ground, outdoors or wander the streets aimlessly, high out of their minds and potentially a danger to themselves and others?
we continuously fail the most vulnerable people in our society and insist that we are already doing "so much" to help them, meanwhile, 15.1 million homes sit vacant in this country (10.5% of the real estate market), all while foreign investors continue to buy them up like the housing market is going out of business (spoiler).
your support for marginalized people should not be based upon some fictitious level-based system of discomfort that you experience upon interacting with them.
no matter what "resources" have already been provided, clearly it's not enough, because there are still people sleeping on city streets in the richest country on earth.
this is what a lot of people on the far-left have been saying: there needs to be a radical shift in the way that we view not just the problems that we have, but the solutions. we create artificial barriers and then blame them for getting in the way.
we have to be able to do better than throwing pittance money at big problems that inevitably we know won't be nearly enough, but will later be pointed to as a massive investment. we know this is not true and we allow them to lie to us anyway. look at the dollars going to ukraine and israel and then tell me that it is proportionate to the money we spend on addressing the housing crisis or the health care crisis or any other crisis that we have in our own backyard.
this ended up longer than i intended. between the rampant racism toward Arab folks and the about-face so many liberals have performed on taking care of our societies most vulnerable, i'm so disappointed with where we are now. it's embarassing.
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😍😍😍😍
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hyperlexichypatia · 7 months
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I’ve been seeing a few viral posts like “You don’t have to move out of your parents’ house when you turn 18; multi-generational homes are good.” And I agree – multi-generational homes ARE good, and cultural stigma on living with one’s parents as an adult IS wrong! Personally, I’ve lived with my parents for most of my adult life, first by financial necessity, and later by choice. If you’re fortunate enough to have a good relationship with your parents, spending time with them can be great.  BUT.  While you don’t necessarily need to move out of your parents’ home when you’re 18, you DO need to start thinking of yourself as an adult and making your own choices, and your parents will need to respect that. If you and your parents can seamlessly make the transition to viewing you as an adult housemate rather than a child under their care, that’s great. Sometimes, though, even the most respectful parents will have a tendency to Meddle, and even the most self-assured young people will have a tendency to Revert to old roles and habits. If this is a problem, you may in fact need to get some physical distance to reinforce the psychological distance. And even more importantly, every young adult deserves the living wage and affordable housing to live on their own, whether or not they ever choose to use it. I’ve been shouting into the wind for years that the “young adults are still children” narrative is an excuse to normalize the low wages and high costs of living faced by Millennials and Gen Z, and “Multi-generational homes are good” seems hardly better in this respect. At best, it’s tonally mismatched to the cultural and economic moment. At worst, it’s normalizing the conditions of abusive control of young people. Somewhere in between, it’s propaganda reframing being unable to afford housing as a wholesome family lifestyle. In fact, I think the demographic this demographic is nominally targeted to – 18 year olds who are freely choosing between two options, having both the financial resources to live on their own, and supportive parents who would willingly share a safe and respectful multi-generational home – are a relatively small segment of the population.  “Multi-generational homes are good” does nothing for the 18 year old living with their controlling parents because they can’t afford to move out, let alone the 18 year old moving in with an abusive partner because it’s the only way xe can escape xyr even more abusive parents, or the 18 year old living on the streets because her parents kicked her out and she’s ineligible for any benefits because she’s assumed to be supported by her parents (who have no legal obligation towards her). And as always, young people most likely to be controlled, abused, rejected, or involuntarily “helped” (which is also abuse) by parents and family – queer young people, disabled young people, young people who’ve made different reproductive or philosophical or religious or life-path choices than their family approves of – are most harmed by having no economic options to live on their own. So can we get universal housing, universal living wages, and universal healthcare and student aid for young people which doesn’t require the involvement of their families FIRST, and THEN, once everyone has the option of living on their own, remind them that multi-generational homes are also good as one option among many?
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vtrealty · 3 months
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Price Improvement! 202k 3Bedroom 1.5Bathroom Home
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jesselouiscox · 1 year
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The housing market in Final Fantasy 14 is truly something else.
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knoxrobbins · 8 months
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"Affordable housing, right?" This piece is based on the work by Jenn Strickland an outstanding artist and animator. Been a fan of her style since encountering her portfolio ages ago and as of recently she's been a co-director and artist on Amphibia.
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animentality · 24 days
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amaliasnap · 5 months
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Oh good they admitted it. Zoidberg is so relatable
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thoughtportal · 1 year
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Solutions to the current housing market problems.
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People in Winnipeg who list short-term rental units on websites like Airbnb now have a detailed list of the fees they could pay in 2024 if city council approves a new set of regulations. 
Earlier this year, council voted to limit the number short-term rental units people can own, and to introduce a set of licensing and inspection requirements. 
A report on the executive policy committee agenda next week states that each short-term rental unit, as well as the online booking platforms, must hold a valid business licence.
The report includes a breakdown of annual fees owners must pay, ranging from $260 for primary residences, to between $260 and $1,560 for non-primary residences, depending on the size.
Short-term rental licensing fee breakdown: [...]
Continue Reading.
Tagging: @politicsofcanada
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bitchesgetriches · 7 months
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Aunties, can you tell us about REITs and the messed up housing market? I feel like something has to give or change with companies buying up all the homes, and I'd like to diversify my investments but do REITs just make it worse?
HOOOOOO BOY do we have THOUGHTS.
First off, here's our explainer on the housing market (and we worked really hard on it so we hope you like it):
The Rent Is Too Damn High: The Affordable Housing Crisis, Explained 
Now, on to REITs (real estate investment trust). These bad boys are sort of like the ETFs or index funds of real estate investing. It's a way for people without a ton of capital to invest in real estate when they can't afford to, say, buy a whole-ass building. You are correct that they are 1) a good way to diversify your personal investments, and 2) contributing to the housing market fuckery.
BUT...
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I think you can still invest in REITs ethically. You just need to choose industrial REITs, rather than residential.
For example, you can invest in REITs that represent warehouses, cell phone towers, industrial space, and office buildings (though we don't recommend that last one just now because... well, have you BEEN downtown recently?). Personally, I invest in Prologis, which is an industrial REIT that I'm comfortably certain isn't contributing to the housing crisis.
As with all investments, we recommend you research thoroughly before diving in! It's super hard to invest ethically under capitalism, but if you care, you can get pretty close to at least reducing harm. Here's more on ethical investing:
Season 4, Episode 1: “Index Funds Include Unethical Companies. Can I Still Invest in Them, or Does That Make Me a Monster?” 
Did we just help you out? Tip us!
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radicalrascal · 8 months
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Housing is a Right 🐌
Sticker now available in shop ❤️
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