Ont. mayor can’t afford to buy house in township she leads
kitchener.ctvnews.ca
Waterloo Region’s red-hot housing market hits close to home for Wilmot Township Mayor Natasha Salonen.

Time to loosen zoning restrictions and say no to NIMBYs Ms. Mayor. *

Despite earning around $90,000 a year between her work as mayor, regional councillor and with the local electric utility, she says she can’t afford to buy a home in the municipality she leads.

* yeah, she’s still paying off student loans, and I don’t know what zoning restrictions are like in her community. But still.

  • EhForumUser
    3·
    11 months ago

    Homes became an investment when living near your workplace became a necessity. Any tool which facilities an income is going to naturally become an investment. That’s what investment is.

    The COVID thing decoupling some jobs from location has helped marginally – seeing a small decline in home values (although perhaps moving it to places where jobs were previously less commonly found) – but that can only get you so far. The vast majority of income sources are still location dependent.