this post was submitted on 13 Aug 2023
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Time to loosen zoning restrictions and say no to NIMBYs Ms. Mayor. *

Despite earning around $90,000 a year between her work as mayor, regional councillor and with the local electric utility, she says she can’t afford to buy a home in the municipality she leads.

* yeah, she's still paying off student loans, and I don't know what zoning restrictions are like in her community. But still.

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[–] [email protected] 48 points 1 year ago (3 children)
[–] cindylouwhovian 30 points 1 year ago (3 children)

"I'm not rich, I'm just a regular millionaire" - my favorite line.

I'm definately not a millionaire - what does that make me?

[–] [email protected] 8 points 1 year ago

That site is parody - its basically Canadian "The Onion".

[–] [email protected] 7 points 1 year ago

Fishfodder. The answer is fish fodder.

[–] [email protected] 2 points 1 year ago (1 children)
[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 2 points 1 year ago (1 children)
[–] [email protected] 1 points 1 year ago

πŸ˜ŽπŸ‘‰πŸ‘‰ Eyyyyyyyyyyy!

[–] [email protected] 12 points 1 year ago

When satire predicts the future we're fucked.

[–] [email protected] 6 points 1 year ago

I started reading and it took a few paragraphs to even remember that you already told me it was satire

[–] [email protected] 48 points 1 year ago (2 children)

Now what happens when teachers, nurses etc can't afford it either.

Home owners loving those paper gains and won't realize it destroys the social fabric of their communities until it's too late.

[–] [email protected] 30 points 1 year ago (5 children)

Home owners loving those paper gains and won't realize it destroys the social fabric of their communities until it's too late.

Most home owners I know either

  1. Don't want the gains, because they can't afford to buy a nicer place even if they sell their current place.

  2. Are unhappy about growing mortgage payments.

  3. Are worried about their kids being able to afford a place.

The gains only benefit people who can cash out and move away. Most homeowners (I know) wouldn't want to borrow against the house value because repayment is so expensive.

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago) (3 children)

That is true. The value of my home doesn't mean much to me. If it is worth $1 tomorrow, oh well? Who cares?

But it is troubling to think what will happen when most other homeowners are underwater and their debt gets called. That is going to hurt all of us.

[–] cyberpunk007 5 points 1 year ago (1 children)

Yeah homes being viewed as an investment is stupid and only came to be for those that could afford to buy lots.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Homes became an investment when living near your workplace became a necessity. Any tool which facilities an income is going to naturally become an investment. That's what investment is.

The COVID thing decoupling some jobs from location has helped marginally – seeing a small decline in home values (although perhaps moving it to places where jobs were previously less commonly found) – but that can only get you so far. The vast majority of income sources are still location dependent.

[–] [email protected] 1 points 1 year ago

HELOCs may burn some folks. They were gaining popularity while interest was low. That is going to add to the burden of those who loaded up on debt.

[–] Shard 1 points 1 year ago

I might actually be happy if my home was suddenly only worth a dollar.

That would cut my property tax way down

[–] [email protected] 7 points 1 year ago (1 children)

Well someone should tell them to vote that way. There's a reason no party other than the greens will even dare speak of the fact that prices need to come down to increase affordability.

[–] [email protected] 1 points 1 year ago

I'm guessing the next federal election will be on pocketbook issues. I don't know where home ownership will fit in there.

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)
  1. Still don't support re-zoning their area to allow denser mixed-use housing (in my experience).
[–] [email protected] 2 points 1 year ago

AKA the boomers win again, like fucking always.

[–] [email protected] 2 points 1 year ago

And interest rates are at least 2x what many homeowners currently have.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

That isn’t as bad as when minimum wage earners won’t be able to rent

Teachers and nurses make enough to warrant a commute and they have skilled jobs (required off site learning), a minimum wage earner can just go anywhere with and not only earn as much but also has way more job flexibility

Also Ontario already pays private nurses double (though it costs the province way more than that because of the β€˜Ford friend fee’ I mean agency fee

[–] wozomo 28 points 1 year ago (2 children)

Who you calling a NIMBY? Did you even read the article you posted?

Salonen supports last month's announcement to build 10,000 affordable and attainable homes in the region by 2030.

She’s quite literally the opposite of a NIMBY.

[–] SonnyVabitch 20 points 1 year ago

If she can't afford to live there then it's by definition not her backyard..

[–] [email protected] 4 points 1 year ago

I don't think he called the mayor a nimby.