Quote:
Originally Posted by Ch28
They've basically gained 6.35 million from the house and they're unable to find a way to pay a measly 12k?
I'm sorry, but them going to the media is going to do nothing but get them hate.
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It's $27k, assuming the article is correct, and could possibly skyrocket if house prices continue to climb (0.2% per year on assessed value between $3M and $4M and 0.4% per year on assessed value above $4M)
I've seen people suggest they downsize and pocket the difference, but factor in land transfer taxes, closing costs, moving expenses, etc. to move into a $2M house just to be hit with the same taxes several years down the line when the assessed value of the new house exceeds $3M seems like a shitty cycle to get into.
Class warfare isn't the cause of or solution to the housing crisis in this province and, while I'm not particularly sympathetic to their plight, I do empathize with them.