Jack,
All I meant is that a common refrain that I see here is people saying "what are those whiny Glebe people whining about, don't they know their property values will go up?" Indeed, they may. Certainly that's what all the realtors say. (But then it's in their interest for everybody to expect to bid up the market price.)
You are quite correct that it is possible to derive some benefit from accrued equity by taking out a home equity loan. However, I prefer to see my house as a home, and not a piggy-bank.
Given the chaos that people borrowing against their homes wreaked in the recent financial collapse (remember? way back in, lo, 2008?) I am reluctant to borrow against my paid-off asset, especially when the local economy is so uncertain. So, I see the greatest return coming only when I liquidate that asset.
Indeed, I have been, and remain opposed to the Lansdowne scheme. But I do always try to make cogent arguments. There are clearly some people on this discussion who are predisposed to try to step out of their "development porn" mindset for a minute, and try to understand why the people who opposed this project, and the devil's bargain behind it, are sensible, and can make rational arguments to support their point of view; and then there are the others.
Sometimes I partake in the slanging matches. And often what I am doing feels like nothing other than mental masturbation, given the generally hostile audience here (without the pleasurable relief). But I find the simple act of just saying what I think, helps me to clarify my own position to myself.
Perhaps I should thank the more thoughtful haters for their criticisms, as they are like whetstones, that help me to sharpen my critique, and hone my understanding of what I think about Lansdowne.
So, thank you.
Quote:
Originally Posted by JackBauer24
Are you serious? Look, I'm all for an educated back and forth debate, but when you're just throwing any and every anti-Lansdowne theory out there to see if it sticks, as I've stated before I have a young niece and nephew I can speak with to have that type of debate.
You don't need to "cash out" to realize or take advantage of the increase in home equity - there are several ways to use that. If you need advice or tips on how to use it to your benefits, please PM me.
We all get that you hate this development, and that's cool, everyone's entitled to their opinion, but please stick to valid points in your argument.
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