Comment 35801

By A Smith (anonymous) | Posted November 27, 2009 at 04:43:41

name >> Do you suggest that each landowner pays for the section of LRT directly in front of their property?

Investors/banks are in the business of lending money to people they think can pay it back. If "everyone" knows that LRT lines are great investments, developers should have no problem accessing capital privately.

Therefore, public funding for an LRT line is completely unnecessary.

JonC >> we've covered numerous times that the actual dollar figure of taxation for Toronto and Hamilton are within statistical normalcy and less than all the other surrounding suburbs

If you live in Hamilton and the value of your house goes up 5%/year, property taxes reduce that to 3.41%/year.

If you live in Toronto and the value of your house goes up 5%/year, property taxes reduce that to 4.15%/year.

So while you may claim that people get a good deal living in Hamilton, this isn't the case at all, it's the complete opposite.

Do you understand? 4.15%/year is better than 3.41%. Get it?

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