this post was submitted on 29 Nov 2024
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[–] 4z01235@lemmy.world 19 points 5 days ago (3 children)

we're charging you fines in the amount of what it would have cost to buy a house

Oh how I wish I could buy a house for that kind of money. You should go look at what housing costs in Canadian cities.

[–] Croquette@sh.itjust.works 12 points 4 days ago

The prices are ludicrous and the salaries are a lot less than our US counter part.

It's funny because during the Covid, at the start of the latest housing bubble, we saw so many people saying "it's easy, just move to a place where it's affordable just like I did". People have done that, and now even in bumfuck nowhere it's expensive and people are now complaining that their bumfuck nowhere has become too expensive for them.

Shit's fucked yo.

[–] Soup@lemmy.world 11 points 5 days ago

If you can produce $110k in fines you can probably also pull off a downpayment and at least a few years of payments. If you can’t buy a house that’s still several years of renting.

[–] Albbi@lemmy.ca 3 points 5 days ago* (last edited 5 days ago) (2 children)

$169k https://www.realtor.ca/real-estate/27687505/158-douglas-avenue-fredericton

Although the being sold "AS IS, WHERE IS" is a bit concerning. Flood risk maybe?

[–] resonate6279@lemmy.world 2 points 4 days ago

Fairly common for older houses.

I'll be selling mine "as is where is" in a few months. Nothing wrong with it, just don't want the liability. Buyers will have an inspection and then make a decision on whether or not to buy it from that report.

Bought for $80k, put a ton of work into it, and will be selling for ~$250k, stair stepping into what we really want. (Also, USA, not Canada)

[–] howrar@lemmy.ca 3 points 4 days ago

It's in Fredericton. It's so tiny, I don't know if I can even call that place a city.