COVID and the housing market

That sounds like a life lease if it’s not mortgageable. You buy the rights to lease, often several hundred thousand, pay a higher monthly fee, then sell the lease when you vacate.

These suit seniors who have equity from downsizing.
Sort of except that your prices off by a million dollars or more they're not life leases they're basically condo houses.

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There are a few properties like @scubasteve's mom are in . CedarSprings community North Burlinton is similar , houses on large lots in the country, your plowing / pool / golf course are included in fees . Its a 100yr old condo corp, no mortages are allowed, if you decide to sell the property must be advertised with in community for 30 days in case a current owner wants to upgrade , then it can be offered out but prospective purchasers are interviewed and voted in. Houses seldom see the open market , somebody seems to know someone that wants in. Its enforecable rules, the place is full of lawyers .
Yes that sounds very similar hers is in Guelph but same idea.

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@ifiddles , it’s Cedar Springs , North Burlington off Cedar Springs road . They own about four hundred acres in there . Introductory seasonal house would set you back one point five mil or so . It is lovely, I was sledding up there yesterday afternoon before Super Bowl. They had their own ski hill back in the day but insurance killed that off. .


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@ifiddles , it’s Cedar Springs , North Burlington off Cedar Springs road . They own about four hundred acres in there . Introductory seasonal house would set you back one point five mil or so . It is lovely, I was sledding up there yesterday afternoon before Super Bowl. They had their own ski hill back in the day but insurance killed that off. .


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Just north of the golf course? Friends grandma had a place there and when she passed away it was supposedly going to the grandchild…but we lost touch.

Looked beautiful and well maintained in that area.
 
Today's math question:

A million dollars pays for a family home just about anywhere in Canada. In the more expensive centres it could be a family sized condo or townhouse. In less expensive locations, a single family house.

There's a thousand millions in a billion.

The Justin Trudeau government increased the national debt by 600 Billion dollars.

How much is 600 X 1000?

How many homes is that?

How many homeless are there in Canada? Hint, a lot less than 600,000.

Canadian children typically begin learning multiplication concepts around ages 7-8 (Grades 2-3), starting with skip counting and repeated addition, and then formally learn their times tables and develop fluency by ages 9-11 (Grades 4-6), with formal assessments often occurring in Grade 4.

Obviously our MPs failed and dropped out at around grade 5.
 
Today's math question:

A million dollars pays for a family home just about anywhere in Canada. In the more expensive centres it could be a family sized condo or townhouse. In less expensive locations, a single family house.

There's a thousand millions in a billion.

The Justin Trudeau government increased the national debt by 600 Billion dollars.

How much is 600 X 1000?

How many homes is that?

How many homeless are there in Canada? Hint, a lot less than 600,000.

Canadian children typically begin learning multiplication concepts around ages 7-8 (Grades 2-3), starting with skip counting and repeated addition, and then formally learn their times tables and develop fluency by ages 9-11 (Grades 4-6), with formal assessments often occurring in Grade 4.

Obviously our MPs failed and dropped out at around grade 5.
Some can do math. The only math they care about is how much personal enrichment they get. The rest of us are a piggy bank to be exploited.
 
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