Blogmas Day 10

My uncle’s house officially sold. The paperwork was signed, sealed and delivered and Uncle F didn’t get his say in trying to stop the matter. I genuinely think the majority of the family is relieved. There’s not a lot left of Uncle K’s that anyone can fight over. Hopefully the rest of sorting his estate is a much smoother process than what the last 10 months has been. Though I know it’s not all done yet, this is (in a way) closure or sorts.

There’s something in Vancouver called a vacancy tax. While it doesn’t entirely fulfill it’s purpose, it was put in place to deter foreign buyers from buying property in Vancouver/The Lower Mainland of British Columbia who never intended to live in said homes. Vancouver has several problems with the housing market, not the least of which being foreign investors use property purchases as tax write-offs in their own country and leave houses vacant for decades. Hence… vacancy tax. Anyways, the vacancy tax was applicable to everyone. So, when Uncle K passed, the longer we held onto the house for, the longer we were paying this vacancy tax. It was something we didn’t expect to incur. Given the value of his home, it was actually quite a hefty tax.

Well, now someone else owns the home.

Actually, I’m going to predict that the next time I drive past that property, there’ll be some monstrous mega-mansion in its place. That’s another problem with the Vancouver housing market. But, that’s a story for another day. The house sold!

There’s not much left for the family to fight over now.

Someone passing really teaches you who in your family cares more about their family then they do about money.

22 thoughts on “Blogmas Day 10

  1. Your observations are true. We’re seeing this now with my Dad’s passing. I’m glad to read about the closure of sorts that’s been resolved finally. Hopefully, you and your family will find some peace now my dear πŸ™

    Liked by 3 people

      1. I do think there are a lot of ways someone could find an exception to the rule, if they tried. I understand it that they don’t accept exceptions. I do. When you give people an inch they will take a freaking continental divide.

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    1. It was something was asked the lawyers to seek exemption from when it happened and we learned how much the tax would be. Unfortunately, there are no exceptions. I understand. It sucked, but I do understand. The Vancouver housing market is NUTS.

      Liked by 1 person

    1. Pretty much. All that’s left now is a few stocks that need to be sorted. I think everything should be wrapped up by March/April. At least I’m hoping.

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    1. It probably could!
      What it’s done here is that for people who purchase single family homes, regular size homes, apartments and whatnot, foreign buyers are more inclined to rent them out rather than leaving them dormant. Which, with how much more densely populated Japan is, could probably really help.
      It doesn’t deter the mega-millionaires from purchasing their mansions or penthouses or entire floors of condo buildings. Though, when they have that much money, I’m not sure there’s much that could deter them. You know what I mean?

      Liked by 1 person

  2. I’m glad it is over but sorry that this happened to you and your family.
    We are going through the same with my mother’s estate. There are four of us, and one of us is wanting to sell the house on the open market rather than letting a family member buy it, so it stays in the family. I’m so sad this has happened to us and did not think this would ever happen in our family, but there we are 😦

    Liked by 1 person

    1. I’m sorry for what you’re going through with rest to dealing with your mother’s estate. I’m sure your mother wouldn’t want you fighting over what winds up of the house. It is so sad. I completely understand the frustrations and disappointments.

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