The parallel housing journeys Mexico and Canada have been on since the 1990s are now diverging. Claudia Sheinbaum’s government has shown that another path is possible. Canada’s misguided strategies, built around supporting financial and real estate industries, are not our only option. We can draw inspiration from Mexico’s decision to actively restructure its housing system.
  • Grabthar@lemmy.world
    11·
    3 days ago

    You can borrow against its value or reverse mortgage it for money to fund your retirement. Or as you said, many choose to sell their expensive city homes and retire to a small town with lower cost of living. That usually drives up prices in the nearby, more desirable small towns.