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Originally Posted by someone123
I think low housing costs are similar but we have lost sight of this because of the temptation of using regulation to turn real estate into a ponzi type investment and source of retirement funding. We would be much much better off in Canada if you could buy a decent place to live for $100,000.
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Very few people in our part of Canada buy a home as an 'investment'.
Our home is not our retirement account. We sell it and move to an apartment and that costs at least $18,000 a year. Or we stay here for $8,000 a year.
If you want an investment buy bank shares - BNS is paying a 4.82% dividend and the dividend increases every year. A home has carrying costs; shares do not.