I don’t think I’ve ever seen anyone actively create a narrative of wishing harm to their own country
That's politics now. It's worse in the U.S. but it's still pretty bad here. It's not so much about having a conversation or debate about what your preferred party would do to make things better as much as it's about how horrible the other party and it's voters are. It's really depressing.
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Also...other news as I was on CBC, Justin and Sophie just officially announced their separation.
Either way, personal relationship matters are private and separate from politics and politics can heavily strain relationships, wish them the best of luck.
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Also...other news as I was on CBC, Justin and Sophie just officially announced their separation.
Either way, personal relationship matters are private and separate from politics and politics can heavily strain relationships, wish them the best of luck.
This is the grown up response whether you like the guy or not but something tells me the super enlightened conspiracy theorist crowd are going to have a field day with it anyways.
Trudeau created the position of the Minister of Housing and Diversity in 2019 after the 2019 election as part of their Forward - A real plan for the middle class. This put the word housing in the cabinet.
Trudeau ran the exact same pledge in 2021's election about affordable housing, rehashing the same 2015 slogan.
Has Trudeau given up and trying to steer the party away from an untenable promise? Guess after 8 years it's no longer possible to blame Harper?
His answer at 16:00 when asked about the significant of announcing...214 units which will made available primarily to nurses, at 1400$ a month.
Housing promises are a big item for voters but never acted on.
They did put in a 2 year ban on foreign buyers which is doing a whole lot of nothing... but it probably got them some votes.
Also...other news as I was on CBC, Justin and Sophie just officially announced their separation.
Either way, personal relationship matters are private and separate from politics and politics can heavily strain relationships, wish them the best of luck.
Pretty sad that they had to lie about it for so long, but politics.
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That's politics now. It's worse in the U.S. but it's still pretty bad here. It's not so much about having a conversation or debate about what your preferred party would do to make things better as much as it's about how horrible the other party and it's voters are. It's really depressing.
I was chatting with someone recently who told me that there was nothing the liberals or NDP could ever do to get their vote. Then they told me that my position which is I would vote for the CPC if they only changed one specific policy was unreasonable. I guess that is just where some voters are at nowadays.
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I think the Liberals' failure to address housing affordability in any measurable way is going to be what ultimately sinks Trudeau. It's insanely expensive to find a place to live in this country, and real estate itself is at this point a giant Ponzi scheme that sucks a preposterously disproportionate amount of capital from our economy. The underlying fundamentals make no sense whatsoever. It's a generational issue that started about 20 years ago, but the complete and utter failure to act now and at any time in the last eight years is just... bafflingly stupid.
My elderly neighbour's family recently moved her into a nursing home and put her house on the market for $650,000. It was gone in less than a month. The house three doors down from me went up on the market this week: they want about $750,000, for what is frankly very much a fixer-upper. Three years ago they would have been lucky to get $550,000 for them; eight years ago perhaps $450,000. It's nucking futs out there.
Canadian housing is a modern-day "tulip mania" that cannot possibly do anything but burst, hard.
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I was chatting with someone recently who told me that there was nothing the liberals or NDP could ever do to get their vote. Then they told me that my position which is I would vote for the CPC if they only changed one specific policy was unreasonable. I guess that is just where some voters are at nowadays.
I find this very common around Calgary, and even more so in the rest of Alberta outside of Edmonton. I get it, insofar as there are a lot of people out there who feel that Liberal, NDP and other "left-wing" party policies are so anathema to their lifestyle that they would never, ever vote for them, but the hypocrisy toward people who won't vote Conservative for essentially the same reasoning is super-amusing to me.
EDIT: I freely admit I'm one of those people who would never vote Conservative, such as they are now.
I think the Liberals' failure to address housing affordability in any measurable way is going to be what ultimately sinks Trudeau. It's insanely expensive to find a place to live in this country, and real estate itself is at this point a giant Ponzi scheme that sucks a preposterously disproportionate amount of capital from our economy. The underlying fundamentals make no sense whatsoever. It's a generational issue that started about 20 years ago, but the complete and utter failure to act now and at any time in the last eight years is just... bafflingly stupid.
My elderly neighbour's family recently moved her into a nursing home and put her house on the market for $650,000. It was gone in less than a month. The house three doors down from me went up on the market this week: they want about $750,000, for what is frankly very much a fixer-upper. Three years ago they would have been lucky to get $550,000 for them; eight years ago perhaps $450,000. It's nucking futs out there.
Canadian housing is a modern-day "tulip mania" that cannot possibly do anything but burst, hard.
I do sometimes wonder if our housing costs have been artificially lower than a lot of the rest of the world(I'll leave out the US), which is also one of the reasons we have such demand from foreign investors. If it wasn't undervalued, why invest? Are we just rising to where we should be, rather than it being a bubble?
I think the Liberals' failure to address housing affordability in any measurable way is going to be what ultimately sinks Trudeau. It's insanely expensive to find a place to live in this country, and real estate itself is at this point a giant Ponzi scheme that sucks a preposterously disproportionate amount of capital from our economy. The underlying fundamentals make no sense whatsoever. It's a generational issue that started about 20 years ago, but the complete and utter failure to act now and at any time in the last eight years is just... bafflingly stupid.
My elderly neighbour's family recently moved her into a nursing home and put her house on the market for $650,000. It was gone in less than a month. The house three doors down from me went up on the market this week: they want about $750,000, for what is frankly very much a fixer-upper. Three years ago they would have been lucky to get $550,000 for them; eight years ago perhaps $450,000. It's nucking futs out there.
Canadian housing is a modern-day "tulip mania" that cannot possibly do anything but burst, hard.
This is a national disaster that half the population ignores because they are making free money. It cannot be good that the best way to make money is to borrow enough from the bank to buy a house and then sit on it. Those who are already rich enough to get a housing loan make money off of each other and speculative investors while working people get further away from affording housing. A friend of mine saw someone buy four new-build townhouses with suitcases full of cash on behalf of an investor. Good luck competing with that by having a job and T4 income.
I don't think the government caused this directly and it's going to be very hard for the government to fix without upsetting every home owner. My guess is that the first step needs to be massive tax on capital gains in homes, even larger for non-primary residence. That policy would be suicide for any government, especially because young people don't vote. Millennials just bought into a high market and would be underwater on their houses in a crash and older people are relying on their home value to carry them into retirement
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I think the Liberals' failure to address housing affordability in any measurable way is going to be what ultimately sinks Trudeau. It's insanely expensive to find a place to live in this country, and real estate itself is at this point a giant Ponzi scheme that sucks a preposterously disproportionate amount of capital from our economy. The underlying fundamentals make no sense whatsoever. It's a generational issue that started about 20 years ago, but the complete and utter failure to act now and at any time in the last eight years is just... bafflingly stupid.
My elderly neighbour's family recently moved her into a nursing home and put her house on the market for $650,000. It was gone in less than a month. The house three doors down from me went up on the market this week: they want about $750,000, for what is frankly very much a fixer-upper. Three years ago they would have been lucky to get $550,000 for them; eight years ago perhaps $450,000. It's nucking futs out there.
Canadian housing is a modern-day "tulip mania" that cannot possibly do anything but burst, hard.
I fully claim right off the bat that I am not educated enough to solve any housing issues in this country. I don't care if it's the Liberals or Cons, what exactly are the steps that should be taken to help solve it? I really don't know. Is there something easy or obvious that I am missing?
edit: wireframe gave me an answer before I posted this.
Last edited by KootenayFlamesFan; 08-02-2023 at 11:52 AM.
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I do sometimes wonder if our housing costs have been artificially lower than a lot of the rest of the world(I'll leave out the US), which is also one of the reasons we have such demand from foreign investors. If it wasn't undervalued, why invest? Are we just rising to where we should be, rather than it being a bubble?
It's a complex problem with many causes. Still, there are plenty of reasons to invest in an already overvalued asset. Unregulated financial markets often see speculative bubbles (see cryptocurrency booms in 2021). The cynical view is that coordinated action from big investors drive the price up so they all get rich. Foreign money laundering also impacts the bubble but I'm not sure how much.
Here's a fun story from today about housing costs: in addition to finding out that I need a seismic engineer to build a small detached secondary suite, as well as the energy efficiency engineer who has to be paid to sign off on the plans as well... apparently I also need to get water treatment both for the existing building on my mother's lot AND the new building, including chlorination! Have we ever had a problem with the water in the hundred years my extended family has lived around here? No, of course not, but why not inflate already absurd building costs by taking on another 5 figures?
It's this stuff that drives me nuts. Someone in a government role somewhere talked to someone in industry who stands to make a bunch of money off of this being a requirement, and now it's a requirement. Gee, I wonder why housing costs are so high! It's not just market forces.
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Cohabitation seems like a very real future for some folks. I think some ways to move forward can be based on shared living services and features but with personal quarters that you own. This can include kitchens, rec rooms, lawns, courtyards, kids play areas, etc. And it's not condos, it's shared living spaces. I do think architecture and innovation are going to play roles in the future of housing. I think this model could work well with maintenance, costs, and even mental health for socialization and community engagement.
Whether you like him or not, Trudeau is being honest when he says that housing costs are largely outside the jurisdiction of the federal government. No government, Liberal, Conservative, or NDP can solve this issue at the federal level.
These are the concrete actions that would have a real and discernable effect in making housing more affordable:
- Significantly increase housing supply
- Increase density of housing developments
- Add more subsidized public housing
- Reduce the number of low-density single-family homes being approved and increase multi-family options (high rise condos, town houses, midrise apartment buildings, etc.)
- Solve the "missing middle" problem
- Ban short-term rental homes (i.e. AirBnB) or have punitively high property taxes for these types of non-resident housing to make them non-viable as money-making schemes
Each of these options fall under the jurisdiction of local municipal governments, not the feds. And all of them would be bitterly opposed by home-owning boomers because it would reduce the value of their most important asset ("F you got mine"). It would be political suicide for a local mayor and council to enact these policies on a scale that would result in any meaningful change in housing affordability for younger Canadians. So instead we get inadequate half-measures like making borrowing money for a mortgage easier which only results in housing prices being inflated even further.
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This is a national disaster that half the population ignores because they are making free money. It cannot be good that the best way to make money is to borrow enough from the bank to buy a house and then sit on it. Those who are already rich enough to get a housing loan make money off of each other and speculative investors while working people get further away from affording housing. A friend of mine saw someone buy four new-build townhouses with suitcases full of cash on behalf of an investor. Good luck competing with that by having a job and T4 income.
I don't think the government caused this directly and it's going to be very hard for the government to fix without upsetting every home owner. My guess is that the first step needs to be massive tax on capital gains in homes, even larger for non-primary residence. That policy would be suicide for any government, especially because young people don't vote. Millennials just bought into a high market and would be underwater on their houses in a crash and older people are relying on their home value to carry them into retirement
Good post. I agree that the only viable fix without a burst bubble is going to be devaluing inventorship in homes. Which means huge changes to the capital gains tax, and even the elimination of the primary residence exemption (if they can determine how much it is being abused). And I agree that I don't believe any government would commit the suicide required for it. Which leaves the bubble to burst. Unbridled capitalism in action, and while I think the Liberals have failed in dealing with it, largely leaving neoliberal policies in place, I think the CPC will actually make matters worse.
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Fuzz - "He didn't speak to the media before the election, either."
Whether you like him or not, Trudeau is being honest when he says that housing costs are largely outside the jurisdiction of the federal government. No government, Liberal, Conservative, or NDP can solve this issue at the federal level.
These are the concrete actions that would have a real and discernable effect in making housing more affordable:
- Significantly increase housing supply
- Increase density of housing developments
- Add more subsidized public housing
- Reduce the number of low-density single-family homes being approved and increase multi-family options (high rise condos, town houses, midrise apartment buildings, etc.)
- Solve the "missing middle" problem
- Ban short-term rental homes (i.e. AirBnB) or have punitively high property taxes for these types of non-resident housing to make them non-viable as money-making schemes
Each of these options fall under the jurisdiction of local municipal governments, not the feds. And all of them would be bitterly opposed by home-owning boomers because it would reduce the value of their most important asset ("F you got mine"). It would be political suicide for a local mayor and council to enact these policies on a scale that would result in any meaningful change in housing affordability for younger Canadians. So instead we get inadequate half-measures like making borrowing money for a mortgage easier which only results in housing prices being inflated even further.
Total cop out.
“He pointed out that the federal government is responsible for policies that affect housing, like immigration, infrastructure and taxes, and certain institutions, like the federal Canada Mortgage and Housing Corporation.
"All these things are federal, yet the federal prime minister claims he has nothing to do with it whatsoever," he said. “
Pretty sad that they had to lie about it for so long, but politics.
Or, you know, their marriage, like anyone else's is just NONE OF OUR/YOUR ****ING BUSINESS. They owe us nothing in that regard. Stop your ridiculous chirping.
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