On Thursday, December 27, 2018 at 2:17:42 PM UTC-6, graham wrote:
>
> On 2018-12-27 12:40 p.m., Dave Smith wrote:
> >
> > It's happening around here too. Housing prices in Toronto, about 70
> > miles from here, are soaring, so young people are looking for housesÂ* in
> > the burbs and commuting. Meanwhile, boomers that worked in Toronto are
> > cashing in on the soaring prices, selling their houses in the city for
> > $1-2 million and picking up a place in smaller towns for a fraction of
> > that and pocketing a lot of cash.
>
> That's happening in Vancouver but they move to the Okanagan and the
> prices there are soaring as a result.
>
Twenty years ago on my side of town you could not give a house away until the
tornado swept through and did millions of dollars in improvements. It gen-
erated such a remodeling boom it's head spinning which has also generated
prop. tax increases that were head spinning, too. My side of town has become so
artsy fartsy with everyone moving here from New York, Rhode Island, California,
Nevada, etc. simply MUST live in this area. The building boom has produced
some quite ugly tall skinny duplexes that are selling for $400,000+ for each
side.

At least once a week I was getting a postcard from some realtor/flipper wanting
to buy my house sight unseen. Occasionally I would get a phone call from one
of these hucksters. But when I would tell them they could not afford my house
that would quickly end the annoying conversation.