What are the taxes on Housing In BC

Re: What are the taxes on Housing In BC

Postby twobits » Aug 15th, 2019, 4:41 pm

AlienSoldier wrote:
Agree'd its its a very local market. But many people living here are retired, they also do not add significantly to the local economy.



That is one of the biggest lies that just gets repeated over and over again. Retired people are the ones with disposable income. What they do not spend anymore in raising children is buy cars, furniture, restaurants.....as well as supporting and driving some really high paid jobs in the service industry for support services and medical care.
The other beautiful thing about the retired population is they never lose their jobs so their spending habits are not cyclical with the economy. They are anchors to it.
Do not argue with an idiot. He will drag you down to his level and beat you with experience.

The problem with the gene pool is that there is no lifeguard.
twobits
Guru
 
Posts: 7223
Likes: 1092 posts
Liked in: 3853 posts
Joined: Nov 25th, 2010, 9:44 am
Location: GPS says Dead Elbow Utah. Think I'm lost

Re: What are the taxes on Housing In BC

Postby kgcayenne » Aug 15th, 2019, 5:30 pm

Good points. In recent years, do you feel as though the population has been getting younger, though?
"without knowledge, he multiplies mere words."
Insanity is hereditary, you get it from your kids.
User avatar
kgcayenne
Walks on Forum Water
 
Posts: 13758
Likes: 2354 posts
Liked in: 4569 posts
Joined: Aug 10th, 2005, 6:35 pm
Location: West Kelowna

Re: What are the taxes on Housing In BC

Postby hobbyguy » Aug 15th, 2019, 5:55 pm

Gilchy wrote:It's intended to increase available housing supply in areas that have a relatively large amount of empty or vacation properties, and to temper rampant inflation and speculation on housing prices.

Whether this is an effective way to do this, and how it can scare off people from bringing outside investment dollars and spending into the local economy, is another story.


We know that such taxes just don't work. The original reasoning for the property purchase tax was to "curb speculation". Worked for about a year - and then it became just another tax grab baked into the market.
Anyone but Scheer - career pols are know nothings.
hobbyguy
Walks on Forum Water
 
Posts: 10290
Likes: 2701 posts
Liked in: 10806 posts
Joined: Jan 20th, 2011, 9:10 pm

Re: What are the taxes on Housing In BC

Postby twobits » Aug 17th, 2019, 3:49 pm

kgcayenne wrote:Good points. In recent years, do you feel as though the population has been getting younger, though?


Not in the Okanagan. The average age has been creeping up for decades and will likely continue until retirement here is a saw off to the cost of living in the Lower Mainland.
Do not argue with an idiot. He will drag you down to his level and beat you with experience.

The problem with the gene pool is that there is no lifeguard.
twobits
Guru
 
Posts: 7223
Likes: 1092 posts
Liked in: 3853 posts
Joined: Nov 25th, 2010, 9:44 am
Location: GPS says Dead Elbow Utah. Think I'm lost

Previous

Return to B.C.

Who is online

Users browsing this forum: CommonCrawl [Bot] and 0 guests