I would love to do this, as I can do all the work myself, but even decrepid farm houses are selling for $2+ million because they are usually on a large lot and developers can knock it down for apartments and townhomes/duplexes and fourplexes.
this post was submitted on 05 Nov 2024
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exactly. Houses in big cities are not expensive because they are better than houses in the bush. The house isnt worth shit, in fact burning it down might make the property more valuable. The land is what has value.
She's in Cape Breton, so she has the advantage of being kinda far from deep pocketed developers. That and parents who will gift her property.
That's all it takes: living in a rural community; a family who can provide you with labour, tools, and material; a sweetheart $1 sale; and enough time to gut and rebuild a house. And then you too can own a home!
Props to her for making it work. I wish our politicians had enough foresight that it wasn't such a struggle.
Politicians failing to regulate who can own an unlimited amount of houses and rental properties is par for the course when those who own an unlimited amount of houses and rental properties donate large sums to said politicians and their little-known Canadian super-pacs.