Quote:
Originally Posted by BCPhil
The income from property, not only stays constant no mater what service people use, but actually increases over time.
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I'm not particularly opposed to the idea of funding transit though property taxes, but I want to point out the flaw in your argument: most of the property in Vancouver is residential and produces no "income" which increases over time.
Residential property does appreciate in value, but it doesn't translate into income for its owners because even if they were to sell for a profit they'd need to turn right around and spend that money on another property (whose price has also appreciated) to live on.
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