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Montreal Mall with giant parking lot to be replaced by gardens and condos. Some neighborhood residents are unhappy. They say they don't want tall condos near their single-family homes. (www.lapresse.ca)

submitted 2 days ago* (last edited 1 day ago) by dwazou@lemm.ee to c/canada@lemmy.ca

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[-] Cethin@lemmy.zip 11 points 2 days ago

To an extent, I agree, but I also disagree. At minimum, you're going to be investing time and emotional attachment to it, if not money. Where you live is probably the one of the most important parts of your life, next to who you're living with.

I don't think people should be allowed to invest in property to not live in it though. It shouldn't be purely for financial gain. Primarily the purpose should be about giving people a place to live.

[-] kent_eh@lemmy.ca 8 points 1 day ago

I don't think people should be allowed to invest in property to not live in it though.It shouldn't be purely for financial gain.

I believe that's what the person you replied to was implying.

I don't think of it in terms of "investing" when I'm making my home my own and maintaining it properly so I can continue to live there.

[-] OminousOrange@lemmy.ca 8 points 2 days ago

Yes, I meant in a way that prioritizes monetary gain. Improving property for ones own enjoyment is totally fine. Homes should not be thought of a good monetary investment vehicle, though. In fact, they usually aren't when all costs are properly factored in.