Based on the deal Justin cut w/ Singh it doesn't matter if they go for JT or not. An NDP seat is a Liberal seat, period.
My big problem w/Pollievere is that his vid re housing prices was a total fail. He blamed the current regs etc which is a smokescreen. I worked in construction for some time, I was a Plumbing & Heating contractor. The…
Based on the deal Justin cut w/ Singh it doesn't matter if they go for JT or not. An NDP seat is a Liberal seat, period.
My big problem w/Pollievere is that his vid re housing prices was a total fail. He blamed the current regs etc which is a smokescreen. I worked in construction for some time, I was a Plumbing & Heating contractor. These regulations provide protection for homeowners; they're not barriers-they're the rules of the game.
The actual cause of the explosion of house prices is b/c of the ocean of money released by the Federal Reserve bank in the USA drifting worldwide. I won't get into the mechanics of that, read 'The Lords Of Easy Money' as a good primer of the machine behind the curtain.
Short version: for the last 10+ years there has been interest free loans available to those with connections to the FRB. Because of that, two things happened:
1. All this money is looking for ANY return on investment. Since there's no interest on the vast stacks of cashola, they can purchase a home and the net rent (after insurance/repairs) is pure profit. Analysts have concluded that this aspect is responsible for about 1/2-3/4 of the price increase on the home.
2. These notes are 10 year or so notes. So they pocket 10 years of rent before they have to pay the note. Well, 10 years from now, (well, 9 b/c the FRB is putting up rates) those homes can be sold for what they paid originally in the market and cover the debt.
THIS IS WHAT"S behind home prices, and NO politician is saying a word about it.
Calling out the regulations that have existed for decades as the cause is a lie.
How much is foreign ownership affecting the prices?
In 2018, one of the offers we got for our home was from Hong Kong and it definitely caused the bidding war that ensued. Good for us at the time, not good for the homebuyers.
Of course, fuel prices have a global effect on inflation. If we got rid of the destructive carbon taxes it would help as would opening up domestic production and allow the product easy access to the market.
I recommend writing a letter to the PMO and any prospective Conservative candidate for leader with your analysis if you haven't done so.
Of course they prevaricate but occasionally the actual issue is addressed. They are highly motivated at the moment as they seek the leadership.
Perhaps reaching out to a journalist who is interested in the issue and not just supporting a narrative. It seems as if you could make a case.
Outside of my bloviating on Dr. Malone's and other substacks, I'm a nobody. I'm just a schmuck living in Kingston running a teensy-weensy biz (not a plumber anymore, and that was in NY 40 years ago). What I'm saying is that IDK any journalists w/ sway that have influence.
My 'schmuckness' is also the reason I believe that ALL the politicos already know the truth. Pollievere's smokescreen is 'regulations' (JHC, what a tired excuse- Regan used that bromide in 1979) and JT's is 'foreign ownership'. Sure, maybe they have an impact; I'll even give you 5% each on home prices...but that's it.
It's funny you mention 2018, b/c that's when I saw a 20% jump in my home's value in my neighborhood. We bought in '11 for ~$232K and in '18 we could have sold for about $300-325 and were astonished. YESTERDAY a place across the street from me went for $600K in a bidding war. And it's gonna be a rental as far as I know.
It's a repeat of the housing bubble that melted down in '08, but the financing's different in that the majority of the current ownership can be traced back to Bay/Wall St thru numbered co's IMHO. The current residents aren't overleveraged owners, it's renters that are overstressed in trying to keep up w/ the rent. And they're replaceable.
Davos Man discusses the WEF's campaign last year. This year's titled 'The Great Reset', last year their motto was 'You Will Own Nothing, And You Will Be Happy'.
Ol' Justin's an alumni of the WEF's 'Leadership Group' (or whatever they call it) and ain't it a hoot that he didn't TOUCH the Wall St/Bay St root of home prices. He didn't say a word.
Frankly, home prices are more a Provincial matter anyway: they set the regs/tax rates/ etc etc... outside of fiscal policy it's not really a Fed issue.
With the price of building materials, et al. surging as they are and coupled with the constricted supply chains, housing will not get any cheaper any time soon.
Tough for my kids but that's the way the old cookie crumbles.
Based on the deal Justin cut w/ Singh it doesn't matter if they go for JT or not. An NDP seat is a Liberal seat, period.
My big problem w/Pollievere is that his vid re housing prices was a total fail. He blamed the current regs etc which is a smokescreen. I worked in construction for some time, I was a Plumbing & Heating contractor. These regulations provide protection for homeowners; they're not barriers-they're the rules of the game.
The actual cause of the explosion of house prices is b/c of the ocean of money released by the Federal Reserve bank in the USA drifting worldwide. I won't get into the mechanics of that, read 'The Lords Of Easy Money' as a good primer of the machine behind the curtain.
Short version: for the last 10+ years there has been interest free loans available to those with connections to the FRB. Because of that, two things happened:
1. All this money is looking for ANY return on investment. Since there's no interest on the vast stacks of cashola, they can purchase a home and the net rent (after insurance/repairs) is pure profit. Analysts have concluded that this aspect is responsible for about 1/2-3/4 of the price increase on the home.
2. These notes are 10 year or so notes. So they pocket 10 years of rent before they have to pay the note. Well, 10 years from now, (well, 9 b/c the FRB is putting up rates) those homes can be sold for what they paid originally in the market and cover the debt.
THIS IS WHAT"S behind home prices, and NO politician is saying a word about it.
Calling out the regulations that have existed for decades as the cause is a lie.
....or a misunderstanding.
How much is foreign ownership affecting the prices?
In 2018, one of the offers we got for our home was from Hong Kong and it definitely caused the bidding war that ensued. Good for us at the time, not good for the homebuyers.
Of course, fuel prices have a global effect on inflation. If we got rid of the destructive carbon taxes it would help as would opening up domestic production and allow the product easy access to the market.
I recommend writing a letter to the PMO and any prospective Conservative candidate for leader with your analysis if you haven't done so.
Of course they prevaricate but occasionally the actual issue is addressed. They are highly motivated at the moment as they seek the leadership.
Perhaps reaching out to a journalist who is interested in the issue and not just supporting a narrative. It seems as if you could make a case.
Thanks.
Outside of my bloviating on Dr. Malone's and other substacks, I'm a nobody. I'm just a schmuck living in Kingston running a teensy-weensy biz (not a plumber anymore, and that was in NY 40 years ago). What I'm saying is that IDK any journalists w/ sway that have influence.
My 'schmuckness' is also the reason I believe that ALL the politicos already know the truth. Pollievere's smokescreen is 'regulations' (JHC, what a tired excuse- Regan used that bromide in 1979) and JT's is 'foreign ownership'. Sure, maybe they have an impact; I'll even give you 5% each on home prices...but that's it.
It's funny you mention 2018, b/c that's when I saw a 20% jump in my home's value in my neighborhood. We bought in '11 for ~$232K and in '18 we could have sold for about $300-325 and were astonished. YESTERDAY a place across the street from me went for $600K in a bidding war. And it's gonna be a rental as far as I know.
It's a repeat of the housing bubble that melted down in '08, but the financing's different in that the majority of the current ownership can be traced back to Bay/Wall St thru numbered co's IMHO. The current residents aren't overleveraged owners, it's renters that are overstressed in trying to keep up w/ the rent. And they're replaceable.
Davos Man discusses the WEF's campaign last year. This year's titled 'The Great Reset', last year their motto was 'You Will Own Nothing, And You Will Be Happy'.
Ol' Justin's an alumni of the WEF's 'Leadership Group' (or whatever they call it) and ain't it a hoot that he didn't TOUCH the Wall St/Bay St root of home prices. He didn't say a word.
Frankly, home prices are more a Provincial matter anyway: they set the regs/tax rates/ etc etc... outside of fiscal policy it's not really a Fed issue.
With the price of building materials, et al. surging as they are and coupled with the constricted supply chains, housing will not get any cheaper any time soon.
Tough for my kids but that's the way the old cookie crumbles.
I would also say that unless every NDP voter votes for a liberal or vice versa, the left can be defeated.