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Originally posted by Rockpuck
reply to post by leo123
Wow.. I thought the NW's housing market was all jacked up. For the price of the "as is" house without a front door you could buy 5 of my house lol.. of course I had to buy some 30 miles outside of the city, and my poor property value just keeps falling. And falling. And falling. I give whole new meaning to term "under water".
Originally posted by Danbones
The Royal bank was one of the top twenty Trap bailout recipients
Here a hundred Mi North of TO in a nice little town, my buddy just sold a nice location and had to drop his pants 35 percent - that was 6 months ago he sold
If he was selling now it would be even worse.
Originally posted by Danbones
The Royal bank was one of the top twenty Trap bailout recipients
Originally posted by Pharyax
But the property tax yearly on that $800.000 house/hotel will probably be $200.000 a year... because the actual appraisal would probably still be in the millions..
Its like winning a car on a tv show.. yey! new car.. uh, no, you gotta pay tax and luxury taxes.. in the end, they decide to take a reduced amount of cash.. like a lotto 'one lump sum' deduction..