Subj : Re: Chinese Scientists Cr
To   : ROB MCCART
From : Mike Powell
Date : Sat Feb 22 2025 10:00:00

>   >> Horton's in Kingston, and you want to buy that place. How would you ever
> af
>   >> it? And that is the cheapest home in the whole city.

> Our minimum wage here is now $17.20 an hour.. does that help?   B)

Probably means that the cost of living has also gone up, right?  ;)

> MP>I hate to tell you this, but if you work at Tim Horton's in a US city (or
>   >IHOP or McDonald's or wherever), you probably are not going to be able to
>   >afford the cheapest home in your own city, either.  Certainly not one that
>   >is not in a run-down, likely crime-ridden part of town.

> There's no question housing is out of control at the moment but we have
> an election coming up and they are all planning (?) to do something
> about housing prices. Have to wait and see..

If it is like here, they will waste a bunch of time renaming stuff and
pissing off their neighbors, which will make the rabidly loyal happy enough
that they won't notice that Rome is still burning.

> Those of us who were already owners can sit back and reap the rewards
> I suppose, as long as you're not planning on moving to a bigger place
> or to a bigger city.

True. Neither of those is currently on my bingo card.

> Now, another 18 years later, a recent estimate of value I got last
> summer from a property manager in the area said our property here
> is now worth roughly $1.2 million, even though the buildings on it,
> being small and old, are virtually worthless.

> Isn't real estate fun?    B)

Yes, it is!  The house I am in now originally sold (IIRC, in 1968) for
$16,000.  Needless to say, I paid a whole lot more for it in the 2000s.  ;)

Mike

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