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By RB (registered) | Posted September 06, 2011 at 13:35:59
Rents might be cheap, but property tax and auto insurance is absolutely through the roof.
So, it's an ideal place if I want to rent and take the bus... hmmm... interesting...
Like stated above, the rents might be cheap, but when there is no return on your investment, little money lost is still money lost. It might be expensive in TO, but at least there are enough people with enough money to keep you floating.
The desire might be here in Hamilton, but without the means to create an economic impact, desire means nothing. Yet...
On a side note, a question for people much smarter than me: Why is auto insurance in Hamilton more expensive than ANYWHERE else in the GTA? And yes, I've had a handful of brokers/underwriters tell me that Hamilton is the most expensive, but none have told me why.
Anyone?
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