I live in a home, not a house. It is not an investment. It is where I hide from the world and I don't care what it's worth because if I sold it, I would still need another hideout, which would cost the same. I am in fact desperate to sell my home as I have grown to hate my neighbourhood, but as my husband points out, pretty much every neighbourhood everywhere has the same collection of defects: the beige stucco that is the aluminum siding of the modern era, alcoholism, pedophiles, the primacy of dogs over children, the hounding of homeless people, a stalker, casual anti-Semitism, the trickle of water pressure in the taps that gets slighter each year, the local resentment about rising property taxes from people who won't clear their sidewalks or pick up litter "because it's the city's job," and what seems to be a grudge against good food in restaurants.
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I totally agree with her views on housing. People, especially in Toronto always seem to talk about how to make money by inverting in a house: "don't stay in it longer than 3 years, trade up when the prices go up, renovate x and y to increase the value, etc (From a comment on that site)"... it's just amazing how this only helps increase prices of houses and prevents people from buying a home where they can stay there and raise their kids. What's with the obsession of selling houses to make money?
I, personally, want to buy a house somewhere I can stay for a long time and raise a family. To be honest, I have mixed feelings about buying a house to begin with. Read the article, it's fascinating.
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