1026 replies to this topic

[Nparker]

Here's my economic priority: fewer taxes, and lower rates on the ones we can't abolish altogether. Governments need to make better use of the tax dollars they already receive rather than constantly increasing taxes.

[Citified.ca]

BC's commercial real-estate sector a land of opportunity for institutional investors

https://victoria.cit...onal-investors/

 

Interesting take-away:

While all eyes are on the province as the cut-off for deciding the 2023 maximum rental rate increase nears (set annually according to the provincial consumer price index average, to July), industry leaders in BC are pointing to Seattle’s about-face on rental housing that lead to fewer government-created obstacles and produced a significant influx of purpose-built units, even leading to price reductions among some housing categories.

 

“As we combine the rising costs of land, the rapidly rising construction costs with an environment where more rent controls are possible, we may want to look to our neighbours to the south, and understand why their rental strategy was so successful over a relatively short period of time. Based on reports and professional analyses of Seattle’s housing efforts, fewer government regulations produced more housing, faster, and helped suppress rising rental rates.”

 

 

[spanky123]

^ There is a happy middle with all things but the NDP has demonstrated clearly that rent controls were nothing more than an appeasement to renters in order to get votes. When inflation was low they kept rents to 1.5% or less, when inflation jumped up they created an exception to their own policy and kept increases to 1.5%. Now they are set to tie rents to a building unit so that a landlord will never be able to increase rents above 1.5% and thus will have no economic motivation to rent property at all. The NDP will then claim it was greedy landowners and developers who chose not to build rental units that caused the problem.

[Nparker]

...Now they are set to tie rents to a building unit so that a landlord will never be able to increase rents above 1.5%...

And when the buildings fall into complete disrepair, the government will come in and buy them up. Clearly it is the NDP's plan to eventually control all residential rental property in BC. 2024 cannot come soon enough.

[LJ]

 2024 cannot come soon enough.

You won't have to wait that long.

[Mike K.]

^ There is a happy middle with all things but the NDP has demonstrated clearly that rent controls were nothing more than an appeasement to renters in order to get votes. When inflation was low they kept rents to 1.5% or less, when inflation jumped up they created an exception to their own policy and kept increases to 1.5%. Now they are set to tie rents to a building unit so that a landlord will never be able to increase rents above 1.5% and thus will have no economic motivation to rent property at all. The NDP will then claim it was greedy landowners and developers who chose not to build rental units that caused the problem.

You’ve heard that’s what they’re working on, limiting rents to 1.5% and tethering rates to individual units?

[spanky123]

You’ve heard that’s what they’re working on, limiting rents to 1.5% and tethering rates to individual units?

 

https://www.theglobe...-fighting-tool/

 

https://www.cheknews...t-avicc-997072/

[Mike K.]

None of that speaks to 1.5% or targeting rents to individual units as a matter of fact, or the policy pursuit, though.

[spanky123]

None of that speaks to 1.5% or targeting rents to individual units as a matter of fact, or the policy pursuit, though.

 

That is exactly what vacancy controls are.  Tying rent to the unit so that when one person moves out the landlord can't jack the price.

[Mike K.]

Yes, but that’s not a government measure that’s being undertaken, it’s a municipal lobby group (or something like that) voting on exploring the idea.

I thought the government was formally pursuing 1.5% rent caps associated to a unit.

[Mike K.]

With the bank rate now 3.75%, and another 0.5 expected by year’s end, I guess inflation wasn’t transitory, and the gradual softening of inflation that was promised hasn’t yet materialized. I don’t think anybody actually knows what the impact will be, after the government flooded the economy with nearly a half trillion dollars.

[Mike K.]

And then there’s this:



- https://twitter.com/...YYAIFC5DZ3Jxk2Q

I feel like only a university student could be so gullible as to believe any of that.

[Nparker]

It's sad how many people will fall for Singh's BS.

[dasmo]

They make the problem to craft the reaction and provide the solution. Age old formula. It’s ridiculous how people fall for it. Singh is culpable with his Trudeau greedpartnership over the last two years.

[Mike K.]

Maybe it’s not even the NDP, but the Liberals masterminding some of this stuff.

Justinflation is marketable and damaging politically. So insert the Liberals’ youth branch of the party (now the NDP under Singh’s cooperation agreement) with greedflation and talk of how what’s really going on is ‘corporation bad.’ It’s a solid strategy for the benefit of the Liberals. They need to show that fiscally, they are equal to the Conservatives, and the NDP is the perfect conduit to push that message. If you watch the whole video, you’ll see they do just that.

[dkuitu]

According to Poilievre inflation is caused by JT, according to Singh it's greedy corporations. Really, it's the Bank of Canada's massive QE spending during COVID while slashing the rates to nearly zero. Followed by a serious war in Europe. Singh thinks people are dumb enough to believe that Loblaw's execs are setting the price of eggs so high exclusively out of greed. Come to think of it, the average person will probably just nod their heads squint their eyes and agree that corporations are greedy and that's why their debt is getting out of control.

[Nparker]

... the average person will probably just nod their heads squint their eyes and agree that corporations are greedy and that's why their debt is getting out of control.

Sad but true. Most people are gullible. If the pandemic did nothing else, it proved this.

[spanky123]

I guess the family that sells eggs down the street from me at their farm stand are a bunch of crooks as well as they raised their prices this year.

 

Singh yesterday stated that the BoC shouldn't raise interest rates as inflation was caused by corporate greed and not money supply or excess demand. The unfortunate thing is that lots of young people believe him as it is far easier to cast blame on someone else then accept the reality of one's own actions and benefits. 

 

Judging by the number of companies laying off staff, cutting hours and showing poor earnings results, outside of oil and gas I don't see too many companies with record profits.

Edited by spanky123, 26 October 2022 - 09:36 AM.

[dasmo]

His coalition government gave billions to pre-purchase experimental and ineffective medical products from mega greedy corporations during the pandemic. Have you seen Pfizer’s increase in profits? They also provided advertising, coercion, social engineering and distribution at no cost to those greedy corporations. And on top of that provided them liability protection. All at our expense.

He has zero moral or ethical grounds to stand on when it comes to talking about greedy corporations. He is a fake.

[Nparker]

...He has zero moral or ethical grounds to stand on when it comes to talking about greedy corporations. He is a fake.

 

Second only to JT in the fake department.