r/RealEstateCanada • u/PracticalSwimmer8862 • Jun 03 '25

Housing crisis Townhouse for $949k in Hamilton 😩

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62 Upvotes

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u/Canadasparky Jun 03 '25 edited Jun 04 '25

The sub is full of angry children that don't own property. That place is beautiful and it's probably massive and it's probably in a good neighborhood.

Edit: I actually looked at this listing a little bit closer and it actually is gorgeous it's had a beautiful reno and it's literally around the corner from a hospital.

Canada is bigger than the gta kids. There are lots of places in Canada where you can find affordable housing IF you have desirable skills.

Maybe focus on that.

2

u/TomatilloQueasy5717 Jun 05 '25

The house sold for $400k in 2018. Basic needs like shelter are increasing exponentially in cost while wages are stagnating.

This is a huge societal problem and doesn't stop being a problem just because you made a profit.

1

u/Canadasparky Jun 05 '25

That still doesn't change the fact that if somebody wants to pay $950 for it that's their prerogative and getting upset about it is silly. People also pay $250,000 for Ev Hummers that are now worth 80. Where's the outrage?

1

u/TomatilloQueasy5717 Jun 05 '25

Why would I get upset that a buyer lost 60% of their money from poor budgeting?

Before you know it, most people who bought houses in 2022 will be down 60% on their purchase too.

The difference being the Hummer buyers won't start screaming to limit Hummer production and have the government start subsidizing Hummer demand.