Housing Bubble II: The Quest To Build Enough Homes Where People Actually Need Them

[casper]

Originally Posted by jonny24

You've got it backwards. People buy for their student children, then sell when they graduate, because we're in a "real estate only goes up, don't ask why" situation.

If housing appreciated normally, then the transaction costs wouldn't be worth a short ownership period (it gets better with your 2 kids for 8 years example - but how many people have kids 4 years apart attending the same school? Statistically insignificant).

But because of a number of reasons, it's basically guaranteed appreciation, tax free (put it in Junior's name as their primary residence) buy-and-sell that i both caused by, and contributes to, our housing issues.

When you live in rural Saskatchewan you are more than likely to have you 1.69 kids go to school in Saskatoon. Average age gap between siblings in 2-3 years.