Quote:
Originally Posted by 4444
Cdn figure is used as a proxy for Vancouver, so totally relevant for a simplified point made about proportionate voters.
homeowners are more likely to be middle class, slightly older, i.e. the key voting demographic.
what homeowner wouldn't want their house prices higher? you say house price = more property tax - in the long run that's not entirely true, as the gov. has to get their certain income so the rate will just change.
most homeowners partake in absolute stupidity, otherly known as the one asset approach, their home is their only asset, it's their nest egg, their retirement fund (not sure where they plan to live in retirement, mind you), so MOST DEFINITELY they want their house prices high.
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True, I'll take the increased in property tax, which is a few extra hundreds of dollars each year (the average property tax has only increased 2-5% per year - same rate as the city's budget increases) and have my property appreciate by $500,000 +.
Maybe they will sell, cash out and downsize or move to the interior or island to retire. I know some that have done that already.
Same with the employment talent in Vancouver - not many good jobs here, cost of living is too high - they pack up and leave.