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ZShakespeare)
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The NDP likely made the same calculus on housing that the Liberals made. On one hand you have "systemic structural change on housing" which is extremely badly needed, but creating housing is a physical process that takes time will only yield notable results years and years into the future, likely long after Singh is no longer NDP leader. On the other hand you have the Shiny Pony of some New! social program which can be implemented within a year or two. Politically, Boy it kind of seems like a no brainer that you go with the thing that shows results that you can point to before the next election.
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Mar 31, 2023 03:33
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You want to make big moves in housing overnight? Ban Airbnb and unlicensed short term rentals outright. No if and buts or loopholes, just loving banned. You want a room for the night? Go to a hotel. You want to make some money off an extra bedroom? Great, put it on the long term rental market. Penalties start at confiscating the asset, to be turned over to the municipality for community housing. I doubt very much anyone in the NDP would even float that though. infernal machines fucked around with this message at 03:38 on Mar 31, 2023 |
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Mar 31, 2023 03:36
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https://twitter.com/wicary/status/1641627799038435330 We're circling that drain
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Mar 31, 2023 03:38
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Femtosecond posted:Where's the loving action on housing? Canadian Press, reprinted in every major Canadian media outlet probably posted:SURREY, B.C. - Finance Minister Chrystia Freeland has dismissed criticism that this week’s federal budget lacks measures to address Canada’s housing crisis, saying last year’s budget featured a $10-billion plan that is still being spent. Freeland said Thursday that last year’s budget allocated funds for a $4 billion housing accelerator program that was launched only this month by Prime Minister Justin Trudeau. She said the previous housing funding “hasn’t been spent yet,” and it’s up to municipalities across the country to apply for it through a recently opened portal for the accelerator fund. Noting that 10k homes/year is not much and also it's $40k per home which isn't much either for brand new homes unless the property is basically free. But it's not zero! In actual good news that should have been done a long time ago: The government is finally lowering the maximum interest rate on loans — to 35% — and the alternative loan industry isn’t happy (lol) posted:The federal government said in Tuesday’s budget that it intends to cut the maximum allowable annual percentage rate (APR) on loans to 35 per cent, down from the current 47 per cent. It also plans to launch consultations on whether the rate, which is in the Criminal Code, should be lowered even further.
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Mar 31, 2023 03:46
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There's no way payday lenders and loan sharks don't have a lobbying group.
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Mar 31, 2023 03:49
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infernal machines posted:There's no way payday lenders and loan sharks don't have a lobbying group. they do, and the chief lobbyist is richard kuklinski
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Mar 31, 2023 03:51
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And in other news, local stable owner asks horses to please return to the their burnt-out husk of a barn:quote:Toronto Star owner calls on Cdn companies to spend 20% of ad budget on local media Ok that was boring, but wait for the credits: quote:This report by The Canadian Press was first published March 30, 2023. lol. lmao.
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Mar 31, 2023 03:53
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If you want things to go real slowly this is how you do it. quote:“Tell us how some of that money can help you build those homes, and we will write a cheque. And $4 billion will mean we can write a lot of cheques.” Everything conditional. Everything needing to be reviewed. Time spent on every review. Projects needing review piling up. Uncertainty around review approval chilling lenders and developers being uncertain whether a project is possible or not. The quicker approach to turn a pile of money into housing would be something more akin to what the feds did in the 60s/70s, where they used tax incentives to make it very profitable to build apartments (especially those with below market aspects), which then unsurprisingly encouraged people to build apartments. This way there's no barriers or reviews required. No one likes to see public money flowing to already rich developers helping getting them richer, but that's a problem that could be solved by taxing their income and wealth more on the other side. Of course this would rely on the Liberals actually being interested in taxing the wealthy, which lol I do not think we can expect to happen. The big problem in both cases is that this money from the government is useless when there are obstinate municipalities that don't want to allow new housing to be built at all, especially if it's below market or rental. Femtosecond fucked around with this message at 04:21 on Mar 31, 2023 |
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Mar 31, 2023 04:08
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Femtosecond posted:Where's the loving action on housing? Is this not the biggest crisis we're facing right now? Apparently not. Why would you expect housing to ever be on the agenda. Home owners are the most powerful voting bloc at every level of government - municipal to federal, if they were ever marshaled into a single-issue voting bloc. Guess what is the ticket that will get them to form into a single-issue voting bloc - the threat of tanking their real estate prices. Everyone pays lip service to affordable housing but absolutely no one is going to support policies that tank their investments - and this is what real estate has become. No municipal government will scrounge enough votes to seriously rezone large sections of the city for high rises in the volumes that are required. The NIMBYs make it nigh impossible to even develop low-rise buildings. No Provincial government will ever force the municipality's hand so it's developing the green belt for yet more sprawl and the best the Feds of any stripe (NDP included) will do is promise vague amounts of money to whatever municipality will develop high-density housing, which will be no one. Why do you think Trudeau's only policy actions so far are idiotic first-time homebuyer support? It is literally a policy that simply adds more money into the market which will further blow up prices and actually help no one since laws of supply and demand don't change. You add more demand by giving people more money without moving the supply curve? Prices simply rise to a new high to accommodate the increased cash sloshing around. The only hope for real change is literally the seniors still holding on their homes dying at a rate faster than Canada imports people. We all know the likelihood of that happening. Congrats if you were one of those who hopped on the real estate train 10 years ago. The best you can hope for right now is that we somehow continue to sprawl at a rate that keeps housing price stable with real income growth and enjoy your 2 hour one-way commute....fat chance of that happening. Just like the proposal of raising new taxes to pay for services, this is a loser of an issue. If the NDP actually tried to somehow force Just Not Ready to do something about housing, they'll just be accused of attacking home owners when the Libs will offer the unicorn proposal which hurts no one and the NDP can look forward to another lost election. MikeC fucked around with this message at 04:54 on Mar 31, 2023 |
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Mar 31, 2023 04:51
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Yeah you nailed it. I was gonna post what you said. Barring a major catastrophe I think real estate is never going to come down. Any policy that meaningfully addresses the housing crisis requires pre-existing homeowners to lose a lot of equity and that’s the one that that can never happen. They’d get politically radicalized extremely quickly. Even relative newcomers to housing who can barely afford their 700k crackhouse fixer upper mortgage won’t support it. It’s not my problem but if you’re upside down on a 700k mortgage over 40 years… that’s never going to go away. Best case scenario you find a way to withdraw 50k into a box, declare bankruptcy and start over again after the foreclosure. Nobody is going to go for that politically.
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Mar 31, 2023 05:18
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Weird but unsurprising overlap between "seems to lean neocon" and "vaguely nihilist political strategy takes that encourage disconnection from political action"
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Mar 31, 2023 05:31
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MikeC posted:Why do you think Trudeau's only policy actions so far are idiotic first-time homebuyer support? It is literally a policy that simply adds more money into the market which will further blow up prices and actually help no one since laws of supply and demand don't change. You add more demand by giving people more money without moving the supply curve? Prices simply rise to a new high to accommodate the increased cash sloshing around. The only hope for real change is literally the seniors still holding on their homes dying at a rate faster than Canada imports people. We all know the likelihood of that happening. Allowing people to spend far beyond their means to purchase an unproductive asset that they believe (despite all available historical data) consistently and reliably goes up in real-dollar terms is essentially the only driving force behind Canada's housing insanity. Immigrants who show up with $50,000 in the bank to earn a salary of the same amount were never moving the needle on housing. The ability to borrow gobs of money for essentially nothing is gone for the foreseeable future. The insanity will not stop until the speculators and the government face reality and stop trying to will an economic perpetual-motion machine into existence, but the more forcefully they try, the worse the hangover will be. tagesschau fucked around with this message at 05:55 on Mar 31, 2023 |
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Mar 31, 2023 05:53
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tagesschau posted:The ability to borrow gobs of money for essentially nothing is gone for the foreseeable future. The insanity will not stop until the speculators and the government face reality and stop trying to will an economic perpetual-motion machine into existence, but the more forcefully they try, the worse the hangover will be. They've been keeping the plates a-spinning for well over a decade now, and neither you or I can say when exactly this madness is going to end. To quote yourself from nine years ago, tagesschau posted:The market can remain irrational longer than you can retain your sanity.
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Mar 31, 2023 06:26
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Arivia posted:they do, and the chief lobbyist is richard kuklinski Wow, it's incredible The Iceman is still getting work, at his age.
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Mar 31, 2023 12:53
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eXXon posted:Fine then, ban semiautomatic firearms for everyone except indigenous people, who are also allowed full auto. See how things go from there. I been sayin'.
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Mar 31, 2023 12:58
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Rogers-Shaw merger approved. This country is a loving joke.
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Mar 31, 2023 14:46
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Lol that's unsurprising. Everyday I'm a little more thankful for my $50/month 12GB Koodo plan.
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Mar 31, 2023 14:49
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Petanque posted:They've been keeping the plates a-spinning for well over a decade now, and neither you or I can say when exactly this madness is going to end. To quote yourself from nine years ago, Oh, I don't think I've changed my position on that. It's a lot easier to be sure that it will happen than when it will happen, because governments will try to postpone the inevitable to avoid the faintest whiff of economic pain. If the government is truly dedicated to making it look like number not go down, they can engage in all sorts of subsidies and other inflationary shenanigans, but there exists no mechanism that allows housing prices to permanently decouple from buyers' earnings. Eventually, we'll get to a point (if we haven't already) where nobody wants to hire a Canadian to do anything, because we demand a price premium without any associated increase in productivity, just because housing is too expensive. No act of Parliament can change the fact that trading the same assets back and forth to each other creates zero wealth.
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Mar 31, 2023 15:38
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Powershift posted:Rogers-Shaw merger approved. I'm paying less than $34/mth currently for more service than I could ever need; please for the love of everything don't gently caress this uppppppp.
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Mar 31, 2023 17:07
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teethgrinder posted:I read enough to see Freedom is being sold to Videotron at least. The original offer was that Freedom would have to offer prices the same country wide as they offer in quebec. The actual rule that got implemented is that they have to offer services 20% cheaper than Robellus in the west which still means 4 times the price of the rest of the world, and still 50% more than Freedom charges right now. The maximum fines for breaching the conditions set is $1b for Rogers and $200m for Videotron and they will absolutley take that lump, write it off, and carry on loving us. https://www.canada.ca/en/innovation...ion-sector.html
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Mar 31, 2023 17:20
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MikeC posted:Why would you expect housing to ever be on the agenda. Home owners are the most powerful voting bloc at every level of government - municipal to federal, if they were ever marshaled into a single-issue voting bloc. Guess what is the ticket that will get them to form into a single-issue voting bloc - the threat of tanking their real estate prices. Everyone pays lip service to affordable housing but absolutely no one is going to support policies that tank their investments - and this is what real estate has become. No municipal government will scrounge enough votes to seriously rezone large sections of the city for high rises in the volumes that are required. The NIMBYs make it nigh impossible to even develop low-rise buildings. No Provincial government will ever force the municipality's hand so it's developing the green belt for yet more sprawl and the best the Feds of any stripe (NDP included) will do is promise vague amounts of money to whatever municipality will develop high-density housing, which will be no one. Don't need to convince me of any of this. At this point no action on housing is no surprise, I'm more lamenting the continued inaction that we all expected. I volunteered with the Vancouver municipal party that advocated for a concrete plan to build more apartments in all neighbourhoods in the city, and we got smoked by a centrist party with the same sort platform as the Federal Liberal party, that they were going to create more affordable housing, but their actual concrete steps to do so was N/A. This is apparently what voters want to hear and clearly why the Fed Liberals have taken the tack they have. Fact is that this government ran on helping the ~Middle Class~ "and those working hard to join it". They were quite clear here on what they meant. "Middle Class" = Homeowner and accordingly the Liberals will do everything in their power to prop up homeowners and help their favoured class. This framework explains things like the new supports for first time home buyers etc, but the remarkable thing to me is the lack of interest in addressing the other part of the housing crisis, which is the staggeringly low vacancy. There's enormous amounts of money to be made here in creating new housing, and you'd think the Liberals would be happy to give a hand up to their pals in the corporate development sector. Apparently not! Apparently maintaining the status quo of our low density suburban towns is the most important thing right now. IMO Liberals are sleepwalking to ultimate defeat on this issue. For the Liberals to lose they need to start slipping in urban centres, and spiking rents, scarce homes and no hope are issues that urbanites and suburbanites (hell everyone at this point) are facing. A Conservative government that gives any sort of false hope for change here has an opportunity to erode at the Liberals' support. (With this situation in mind, it's simply awe inducing how the NDP are completely unable to get any traction on snatching up these urban seats)
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Mar 31, 2023 17:33
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Cool Kids Club Soda posted:Does anybody want to tell him or should I? BTW: the joke is that you're worried about it.
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Mar 31, 2023 19:20
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6, probably 8 people dead, including a child, during an attempted border crossing in Akwesasne (Mohawk nation straddling Ontario, Québec and New York). https://www.cbc.ca/news/canada/montreal/akwesasne-st-lawrence-bodies-found-missing-people-1.6797256 I doubt this is *directly* related to the Third Safe Country Agreement, if, as the article says, the crossing was indeed being made toward (and not away from) the US. There's not a whole lot I can think to say. This is pretty loving bad.
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Mar 31, 2023 19:34
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https://twitter.com/craigbaird/status/1641869254403452928?s=46&t=eYnb6uC9Nqku2TRAz1AKtQ
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Apr 1, 2023 01:00
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Mr. Apollo posted:https://twitter.com/craigbaird/status/1641869254403452928?s=46&t=eYnb6uC9Nqku2TRAz1AKtQ Now THIS is the content I'm here for! A fair number of PMs we've had translate rather well. Some others? Not so much. I especially like Wilfred Laurier really trying to belt it out, but when Midjourney just cannot see the suit and tie separate from the person, there's no hope for them.
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Apr 1, 2023 01:25
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Jam Band Death Cult posted:6, probably 8 people dead, including a child, during an attempted border crossing in Akwesasne (Mohawk nation straddling Ontario, Québec and New York). I was struck by this quote in the article quote:"The river is always the major concern…. Our elders tell us, always be careful, especially in the spring, with the runoff, the current is stronger and the water is freezing." It just sounds so much more wise than "stay off the water and exercise some common loving sense, you morons." I wonder if a social contract where old people are bound to say wise things and then younger people actually listen to them from time to time would be an improvement over the current state of settler society where old people say unhinged nonsense and then young people tell them to gently caress off.
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Apr 1, 2023 02:54
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Kraftwerk posted:Yeah you nailed it. I was gonna post what you said. Barring a major catastrophe I think real estate is never going to come down. Any policy that meaningfully addresses the housing crisis requires pre-existing homeowners to lose a lot of equity and that’s the one that that can never happen. They’d get politically radicalized extremely quickly. I'm convinced we need a mass die-off of boomers for housing to become remotely affordable.
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Apr 1, 2023 03:10
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COPE 27 posted:I'm convinced we need a mass die-off of boomers for housing to become remotely affordable. Assuming they aren’t HELOCed to the hilt, leaving their kids with nothing a massive chunk of those are gonna get repo’ed by banks or acquired by private equity firms and capital. Companies like blackrock are already hoarding homes as it is. You need a 1990s Japan style asset price bubble to go burst or a catastrophe like WW1 or WW2 that crashes real estate or creates a pressing need to home the people who fought the battles.
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Apr 1, 2023 03:20
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PT6A posted:"stay off the water and exercise some common loving sense, you morons." I guess these people weren't Ukrainian enough to deserve any decorum in reference to their deaths.
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Apr 1, 2023 05:06
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Bleck posted:I guess these people weren't Ukrainian enough to deserve any decorum in reference to their deaths. These us out of it.
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Apr 1, 2023 06:36
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Bleck posted:I guess these people weren't Ukrainian enough to deserve any decorum in reference to their deaths. Does Putin pay you or are you a loving moron for the love of the game? Moving on from that, if you read my post, my entire point is that that phrasing would be overly rude and aggressive, and "our elders tell us, this is bad, m'kay?" is a much kinder way of getting to the same place. PT6A fucked around with this message at 14:04 on Apr 1, 2023 |
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Apr 1, 2023 14:00
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We don't read posts here. In fact, I'm going to enforce that rule for the rest of the day, using this kinda weirdly sticky eyeball-tracking machine I got at a police auction.
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Apr 1, 2023 14:21
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Is anyone else in Ontario being bombarded non-stop by these oil ads? Youtube, Spotify, CBC, the loving Weather Network. Just constant barrage of "No look us ruining the future of the planet actually helps because its green oil. Also all your jobs exist because of us, just in case you dont believe the green oil energy bullshit.  "e: I honestly think they have surpassed all the gambling ads. Its insane how hard they appear to be going on this. Are the Liberals trying to buy another dying pipeline with taxpayer money or something?
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Apr 1, 2023 21:32
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Furnaceface posted:Is anyone else in Ontario being bombarded non-stop by these oil ads? Youtube, Spotify, CBC, the loving Weather Network. Just constant barrage of "No look us ruining the future of the planet actually helps because its green oil. Also all your jobs exist because of us, just in case you dont believe the green oil energy bullshit. No, I have adblock installed
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Apr 1, 2023 21:42
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Furnaceface posted:Is anyone else in Ontario being bombarded non-stop by these oil ads? Youtube, Spotify, CBC, the loving Weather Network. Just constant barrage of "No look us ruining the future of the planet actually helps because its green oil. Also all your jobs exist because of us, just in case you dont believe the green oil energy bullshit. They’re in BC too and are unavoidable on my Apple TV. I’ve been actively blocking them because they’re so obnoxious.
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Apr 1, 2023 21:50
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I get tons of the “tar sands produce the cleanest oil, actually” ads on my appletv. Don’t think I’ve got gambling ads at home, but the tv at work is 100% sports betting commercials.
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Apr 1, 2023 22:48
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Furnaceface posted:Is anyone else in Ontario being bombarded non-stop by these oil ads? Youtube, Spotify, CBC, the loving Weather Network. Just constant barrage of "No look us ruining the future of the planet actually helps because its green oil. Also all your jobs exist because of us, just in case you dont believe the green oil energy bullshit. It's still mostly gambling ads for me but I get the oil ones too. I figured it was because I was watching a fair bit of Beaton/Ducks content recently.
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Apr 2, 2023 02:34
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I have adblock on whatever devices I'm watching media on, and I've mastered the ability to dissociate from reality whenever any other advertisements are playing.
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Apr 2, 2023 02:45
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bunnyofdoom posted:No, I have adblock installed
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Apr 2, 2023 02:50
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Yeah they’re all over regular TV too.
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Apr 2, 2023 03:38
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