Hamilton Ontario

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I absolutely despise all the real estate billboards. They should be outlawed in a housing crisis (photo Allison Witt) (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by BonesOfTheMoon to c/[email protected]

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[–] BonesOfTheMoon 6 points 1 year ago (1 children)

A house on Victoria Ave, steps from the crumbling empty storefronts of Barton, is over 900K posted today, zoned for three apartments but containing four. So some asshole landlord cashes out big time and four people lose their homes. It's unreal.

[–] ericbomb 3 points 1 year ago (1 children)

Man it's just crazy. Feels like people living alone is just unheard of at this point.

Like how can average people possibly buy a 900k property at 8%? The interest rate alone is higher than median household income.

[–] BonesOfTheMoon 3 points 1 year ago (1 children)

I hope it rots on the market for years.

I don't know how we can even ethically offer people immigration anymore. Like sure come to Canada but we have nowhere for you to live but in a shelter? How is that fair? Open Homes Hamilton is bursting at the seams with immigrants needing homes. It's unreal.

[–] ericbomb 2 points 1 year ago (1 children)

Yo same thing for me. A house on the same block just got put up for rent for 2,700 a month.

It's 2k Sq feet and built in the 80s and doesn't have a lawn. I bought my similar house for 240k 3 years ago.

So I'm praying it stays empty forever and the owner gets foreclosed so it gets resold for a decent price to someone who wants to live in it.

[–] BonesOfTheMoon 1 points 1 year ago

It's absolutely absurd. For Hamilton! It's cruddy here. I love the community but it's gross.