HOUSES USED TO MAKE PROFIT, raising PRICES continuously .
- bluegreen77
- Oct 23, 2018
- 1 min read
This must stop.
Legislation must come into effect: cap the selling of a house with the inflation rate of each year the owner of the house had the house.
This will cool off the housing market.
If you compound the inflation rate percentage of each year for the number of years the owner had the house, the selling price of the house is much less then the speculative and inflationary market value price of the house.
HIGH PRICES OF HOUSES will RENDER HOUSES UNABLE TO BE PURCHASED : their prices will be too high, and they will be used only to MAKE A PROFIT , which is seems to be the case now.
NO ONE WILL BE ABLE TO LIVE IN HOUSES IN THE CITY OF TORONTO, because , a time is coming, no one will be able to purchase a house.
Comentarios