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Aristides

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Posts posted by Aristides

  1. On 4/23/2024 at 12:54 PM, Moonbox said:

    It wouldn't, because underwriters use gross (pre-tax) income to qualify borrowers.  That's true for both the lenders, and even more so for the insurers who underwrite high-ratio mortgages. 

    It's kind of a non-choice.  The math on this would be so bad that it'd be nothing but a latent tax trap that would keep lower income families perpetually poor.  

    That would be a choice a buyer could make. A non choice would be not getting into a home at all because you couldn't qualify.

     

    Quote

    Unfortunately you're wrong.  Lack of supply is definitely one of the biggest problems, but real-estate speculation has driven up prices dramatically as well.  There was something like 1.3M vacant homes in Canada in 2022 - airbnbs, foreign students whose parents needed somewhere safe to park cash etc.  25 years ago, investment companies didn't play this game at all.  Now, over 20% of purpose-built rentals are owned by large financial landlords (think REITs, fund coNo, but it will discourage speculative investing.  I suspect we're going to see a lot of these airbnbs etc hit the market before the new rules take effect.  

     

     Greater taxation on gains will not increase supply. A big part of buying a rental is the capital gain that will be made when you sell. Increasing capital gains taxes will not be an incentive to build and own rental property. 

    Quote

    No, but it will discourage speculative investing.  I suspect we're going to see a lot of these airbnbs etc hit the market before the new rules take effect.  

    Who will buy them if you remove an incentive to get into rentals? Many of these units were built as short term rentals in vacation locations and aren't suitable for full time residency. 

  2. 11 minutes ago, suds said:

    Our Canadian Pension Plan has assets totaling over $790 billion. Out of that $790 billion, 13% are invested in Canada while 40% is invested in the U.S.  If we really wanted to increase our economic productivity, maybe we should consider bumping up that 13% figure just a tad.

    CPP is financed by the people paying into it to support them in their retirement. It should not be used as a government tool.

  3. On 4/23/2024 at 12:57 PM, herbie said:

    Deductible mortgages encourage people to give more to banks. The tax dollars not collected are removed, gone, the same as if being spent on a balance sheet.

    Seeing as how the govt is YOU, directing revenue into bank profits is not a good idea and as most posters carry on so over redirection of wealth to the needy, redirecting it to the wealthy corporations is total hypocrisy. Unless of course mortgages were exclusive to a Crown corporation Bank, which they'd hate because that would be eeewww socialist.

     

    Where do you think mortgage interest goes? The longer it takes a person to pay off their mortgage, the more money the bank gets. Banks pay taxes on their profits.

  4. On 4/27/2024 at 12:21 PM, herbie said:

    The real surprise is how many people had absolutely no clue how big the drug use issue was until the users flaunted themselves right in their face.

    They tried to make laws just a few months ago and it got held up in court (which ppl seem to have already forgotten), so now they're pushing this one with federal approval.

    Yes, the public outcry made them do it quickly. The ruling over the previous law would take over a year. Plus Eby also admits the public use ban should've been part of the original plan.

    Now you can hate the NDP even more for admitting a f*ck up and not doubling down out of sheer obstinance.

    BTW possession wasn't recriminalized, public use was, it is still legal to carry 2.5g and it's highly unlikely you'd be charged simply possessing drugs in a park. More likely they'd just seize it, same as pouring out your liquor bottle.

    If you have less than 2.5g the police can't seize it, they have to give it back. 

  5. 1 hour ago, Goddess said:

    I said people are "apathetic about the gov't doing illegal and unconstitutional things".

    Which is why we have a gov't right now that is highly corrupt and scandal-riddled.

    I know, haha.  It's a CTV poll, so CTV-watchers are the ones replying to it.

    It's a Nanos poll. The other was a U of A study. Using the act was neither unconstitutional or illegal but it was unnecessary and overkill.

    • Like 1
  6. 7 minutes ago, Goddess said:

    It's actually disappointing  if these polls are correct, and shows why our gov't is in the state it is with very little accountability required by apathetic voters.

    It means too large a portion of the public is okay with the government doing illegal  and unconstitutional things.  At least when the gov't is doing it to OTHER people they don't like. 😉

    I don't think people were apathetic about the convoy. Quite the opposite, they had strong feelings, for and against.

  7. In the book she says the big reason she put the dog down was its behaviour during a hunt, not because it was aggressive.

    Quote

    In the book, she outlines how Cricket had an “aggressive personality” that didn’t mesh well in its role as a pheasant hunter. Noem writes how she tried to bring the young dog on a hunt with older dogs in an attempt to calm her down and show her how to behave, but Cricket ruined the hunt by going “out of her mind with excitement, chasing all those birds and having the time of her life.”

     

    That certainly deserves a death sentence.🙄

  8. 38 minutes ago, WestCanMan said:

    CBC's covid coverage was almost non-existent in 2022, despite the fact that Canada was experiencing far more covid deaths than ever before, and hospitalizations were through the roof.

    It's just a fact that covid deaths were 30% higher than in 2021, and 24% higher than 2020, but CBC had nearly abandoned the story. Their coverage was down from COVID COVID COVID in 2020, to covid covid covid in 2021, to "the pandemic is behind us". 

    Deaths skyrocketed, but covid hype fell off the map.

    Covid10ts on this site didn't even believe me while I was telling them that covid deaths hadn't gone down in 2022. They thought I was out to lunch. 

     

    How is that anything but dishonesty at its worst? 

    Why was CBC barely talking about covid when deaths skyrocketed? 

    Gee, and I thought it was just the flu.

  9. 5 minutes ago, Goddess said:

    Ahhh, you're one of those "there is no truth, we can't know the truth, so why bother trying to find out the truth" people.

     

    But MSM is unbiased???  OMG

    🤣

    I never said that. At least they put their name to articles and can be held responsible when they outright lie as Fox just found out.

    Fact check your sources regardless of who they are.

  10. 1 hour ago, WestCanMan said:

    I like these ones too:

    AC 'describing' flooding:

    ScreenShot2024-04-27at12_31_42PM.png.532ce2a3da7d1ac11003608053acb6e3.png

    (Not CNN below, it's the Weather Network)

     

    It is flooding, look at the buildings in the background.

     

    The Youtube video is ridiculous but Florence was a Cat 4 storm that had 150 MPH peak winds, killed 54 people and did over $24 billion in damage.

  11. 37 minutes ago, ironstone said:

    That clip is similar to "apart from that Mrs. Lincoln, how was the play?"

    That was one of many riots related to Floyd. In the other link I provided, damages were estimated to be in the range of $2 billion.

     

    Did you expect that to be in a clip? Really?

    Damages were expected to be between $1  and $2. Not $2 billion.

     

    Quote

    It's not just in politics either. In the post by WestCanMan above, even the bloody weather reporters have no qualms about misleading the public.

    But your sources don't.🤣

  12. 44 minutes ago, ironstone said:

    Again, you guys on the left are sugar coating all the damage done by leftist riots. Take the George Floyd riots alone.

    https://fee.org/articles/george-floyd-riots-caused-record-setting-2-billion-in-damage-new-report-says-here-s-why-the-true-cost-is-even-higher/

    And these numbers are virtually ignored by the MSM.

    According to the MSN, the worst day in the entire history of the US is Jan 6.

    I'll ask one more time, what wasn't factual about that clip?

    FOX News reporting is no different, factual but selective. 

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