At this time of year, nobody really wants to do any work. So, it is movie time. Movies and real estate themes are intertwined in many ways.
For example: Continue reading
The Ontario government has proposed to study the effects of converting some HOV lanes into HOT lanes, to reduce the costs of traffic congestion. Traffic congestion is an important issue for people interested in real estate because those costs affect both the market value of a property and its advantage relative to a competitor. It is a pity that the comments which followed were so predictable.
The immediate and loud response confirmed a basic rule of tax policy. It is never surprising to hear people complain about any “tax grab”: the basic rule states that a successful tax policy is not the one which “makes everybody happy” but is able to “pluck a live chicken while suffering as few bites as possible”.
With that perspective, most of the commentary was boring. Continue reading
Sorry. I have not been posting many items recently. Not because real estate has suddenly become boring or because it has become harder to explain the world in 500 words or less, but because I had too many other things to do (especially too many things to write). Continue reading