Comment 98010

By Steve (registered) | Posted February 27, 2014 at 10:53:08 in reply to Comment 97998

I agree to a certain point, but I think you've oversimplified your position.

People (like me) who moved from Toronto to Hamilton and took advantage of low property rates typically haven't saddled themselves with large amounts of debt, so are more able to handle increased interest rates if (when) they come.

Also, the commuter outflow mentioned by Marvin, while not ideal, has diversified the income base in Hamilton so the local economy is not reliant on one, or 2, large local employers who cripple the local economy when they reduce workforce in the face of economics.

Finally, the inflow of new residents have put 'new blood' into the Hamilton area and with it diversity, innovation and strength.

In the 6 years I've been in Hamilton, I've seen a slow and steady improvement in my neighbourhood and in much of city even in spite of some big setbacks/poor'ish decisions.

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