[-] undercrust@lemmy.ca 3 points 1 week ago

Ya gotta put them tip to tip and double the output

[-] undercrust@lemmy.ca 3 points 4 months ago

Typical CPC behaviour since the party merger / Harper era:

  1. Blame the other guy and get into power based on outrage instead of actually having any policy;
  2. Make life worse for the poors by cutting public services;
  3. Lower taxes for corporations and the wealthy;
  4. Steal as much as possible via hiring all your buddies as "consultants" for shit that doesn't need any consulting or have any consequences;
  5. Get fired because the same fucking chuds who voted you in are finally wising up;
  6. Start blaming the other guys about all the problems you just created;
  7. Repeat ad nauseum.
[-] undercrust@lemmy.ca 4 points 6 months ago* (last edited 6 months ago)

Like how they explain the way he's started shutting down the seep of information in the article?

[-] undercrust@lemmy.ca 3 points 8 months ago

Let's be fair, they hate poor people of every colour

[-] undercrust@lemmy.ca 3 points 8 months ago

What would a constitutional crisis entail, and what would it take to get right of the notwithstanding clause?

[-] undercrust@lemmy.ca 3 points 8 months ago* (last edited 8 months ago)

Unfortunately this is a pretty good example of misunderstanding major vs secondary market forces. Key word major, since the rest of your points are correct, just not as correct, with the exception of your point on limited supply, which is also a major driver.

When you have super-low interest rates, you can pay a higher sticker price on the house per equivalent dollar of mortgage payment. Therefore the price of the house can rise to the point of people bearing the mortgage payment. This affects everyone, and creates bidding wars because the sticker price of the home doesn't actually matter; the cashflow effect absolutely does.

In the case of PE entering the market, that's a secondary effect of low interest rates. PE operates pretty exclusively on leverage, so without super low rates they wouldn't be entering the market because it wouldn't be as profitable.

You might also say that boomers' homes being underutilized is actually a secondary effect of the major driver of limited supply. If boomers have to consider the option of moving into a smaller place like a condo (which may be less price-stable compared to a detached home due to condos being more commodified), or an assisted living / seniors community (which likely has a higher cashflow impact than keeping their paid-off home), then why bother making any change at all?

TL;DR - the government needs to get back in the housing development game; we need to maintain a higher interest rate environment (as distasteful as that might sound to some); and what we really need is immediate blanket rezoning for aggressive densification (like Calgary city council is currently attempting).

Also fun fact: the Conservatives support none of those things, so, y'know, consider that when voting in a few short years.

[-] undercrust@lemmy.ca 3 points 8 months ago

Great quote. God that was such a damning interview.

[-] undercrust@lemmy.ca 4 points 10 months ago

Good riddance to bad rubbish

[-] undercrust@lemmy.ca 3 points 10 months ago
[-] undercrust@lemmy.ca 4 points 1 year ago

Ban AirBNB? Sounds like a pretty simple plan to abolish illegal undocumented hotel rooms.

[-] undercrust@lemmy.ca 3 points 1 year ago

I smoke two joints in the afternoon. It makes me feel...alright ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

[-] undercrust@lemmy.ca 4 points 1 year ago

The country-wide version of "shirtsleeves to shirtsleeves in three generations"

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undercrust

joined 1 year ago