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Leftist brethren, if you would've known "sunny ways" would've meant struggling to make your mortgage payment, or purchase groceries due to Trudeau's policy, would you have voted for him still?


West

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19 hours ago, West said:

You clearly don't understand how business works. I do because I ran a successful company for many years before I retired. 

Here's a simple math equation for you:

Break-Even-Point-Formula.jpg

You’re just copying and pasting stuff you don’t understand. And are irrelevant to the discussion. My original statement stands. 

Edited by BeaverFever
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3 hours ago, Dougie93 said:

it wasn't the civil wars that brought the Western Empire down

if anything, Rome was at its zenith at the conclusion of those wars, Augustus Caesar triumphant

it was Jesus of Nazareth whom brought the pagan slave empire down

in the wake of His crucifixion for treason at Golgotha

Christianity swept everything in its path aside

I think you have your timelines mixed up. it’s along way from the alleged Jesus story to the so-called fall of the western empire. And of course the eastern empire endured for another thousand years after that so the narrative you’re weaving doesn’t really make sense 

Edited by BeaverFever
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21 hours ago, CdnFox said:

I know everything i'm talking about. A point or two on mortgages means nothing to the economy. It raises the price of the homes by a tiny amount, that's it.  Mortgagtes have been cheap since before 2008,  Sorry you didn't understand that.

If you want to explain how that slight reduction in mortgage rates lead to a 6 percent increase in inflation i'd love to hear it  :) ROFLMAO!
 

Prices were going up before the rate drop.  Prices have been increasing at above normal rates for over a decade, increasing in pace over that time. What do you think drove up the prices so much BEFORE 2021. 

And the reason has nothing to do with interest rates.  We're not building enough homes for our population. That means there is a shrinking pool of product relative to population  and an increasing demand.  We've been building 100,000 too few homes every year since at least 2016.  Now canada would have to build a million more homes than we usually do in a short time just to catch up.

Sorry stupid - it ain't interest rates :)  LOL

Our cottage valuation more than doubled and I assure you there were no immigrants snatching up properties in rural Muskoka.
 

It is ABSOLUTELY a thing that happend before the pandemic. In markets across the country. It's been a major problem for years now.

The pandemic saw a flurry of activity as people bought homes like mad - but that was just a spike in an already increasing market.

 

  Yeah - that's been going on for years now.  Every year the prices go up 15 -20 percent or there abouts, it's been insane,

Justin Trudeau ran his election on getting the runaway housing and rent markets under control. That was in 2015.

I've been watching this since shortly after the 2000's.  It's been slowly getting worse and worse and happening faster and faster and that's true regardless of the interest rates.  Slight blips for the great recession but otherwise - this is a result of lack of supply, it has nothing to do with interest rates.

I'll remind you that housing prices have climbed again - despite high interest rates.  So that kind of proves you're entirely wrong :)

https://www.cbc.ca/news/business/crea-housing-data-1.6843592

And rents are into the stratosphere. 

Your argument is going all over the map here and in your arguments one minute you’re talking about general inflation and in another you’re talking about just housing market inflation.

Let’s start with housing. Just housing ok?The long run up in housing costs is due to an extended period of low interest rates, which  went through the floor. Housing prices absolutely SKYROCKETED in 2020.  That’s just a fact. Rate increase have moderated prices, there’s just a lag you’re not perceiving and the occasional dead cat bounce, whenever the Fed has held the rate instead of increasing, buyers think the rate hikes are over and open up their wallets again

image.thumb.png.8e04fa5e9a11af146e298fcae6b06f03.png
image.png.20adfbcbc267a726c4867f90814fed5e.png
 

image.thumb.png.2972a185eee954954791152f617c3d40.png

Canadian Real Estate Association 

“July continued along the same trend we’ve seen emerge in recent months, with sales levelling off and new listings returning in more normal numbers,” said Larry Cerqua, Chair of CREA. “This has been giving buyers more choice and balancing the market, which as of July was also slowing the rate of price growth. If you’re looking for information and guidance about how to buy or sell a property, contact a REALTOR® in your area,” continued Cerqua.

"Following a brief surge of activity in April, housing markets have settled down in recent months, with price growth now also moderating with its usual slight lag,” said Shaun Cathcart, CREA’s Senior Economist. “Sales and price growth are already showing signs of tapering off further in August in response to the Bank of Canada’s mid-July rate hike and messaging regarding above-target inflation for longer than previously expected. We’re probably looking at another round of ʻback to the sidelines’ for some buyers until there’s a higher level of certainty around interest rates going forward.”

https://stats.crea.ca/en-CA/


Now regarding general inflation there are different measures that the BOC looks at, some of which include things like housing and fuel prices, others don’t   The interest rate hike decision is made after considering all these factors  Core inflation of everyday goods which is already appears to be waning is due to supply chain, war in Ukraine and post-covid excess savings:pent-up demand and TIGHT labour market ie general shortage of workers and high workforce churn rates which immigration helps minimize  

 

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19 hours ago, BeaverFever said:

I think you have your timelines mixed up. it’s along way from the alleged Jesus story to the so-called fall of the western empire. And of course the eastern empire endured for another thousand years after that so the narrative you’re weaving doesn’t really make sense 

Rome was a pagan empire ruled by the Principate

upon the rise of Christianity it collapsed, and was overrun by the Germans

see this population graph

the New Testament marks the sudden decline into collapse of Rome

5437156_orig.jpg

Byzantium rises in the East, because it was the Christian empire

the Romans who followed Christ are the only ones who survived

Edited by Dougie93
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12 minutes ago, Dougie93 said:

Rome was a pagan empire ruled by the Principate

upon the rise of Christianity it collapsed, and was overrun by the Germans

see this population graph

the New Testament marks the sudden decline into collapse of Rome

5437156_orig.jpg

Well first of all the city of Rome is not the same thing as the entire Roman Empire which spanned from Britain to North Africa to Mesopotamia

Second of all you’re granting yourself a lot of leeway by not defining the time period that is “rise of Christianity”

Third of all the implication of your suggestion is that Christianity destroys civilizations and wed be better off as pagans. Many historians consider Rome in the first century AD to be one of the best periods of history to live in (other than modern times of course). 

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19 hours ago, BeaverFever said:

Your argument is going all over the map here and in your arguments one minute you’re talking about general inflation and in another you’re talking about just housing market inflation.

 

They're pretty consistent actually - you just ahve a tough time following along. It's a little complex for you I think , :)

Quote


Let’s start with housing. Just housing ok?The long run up in housing costs is due to an extended period of low interest rates, which  went through the floor.

Nope.  Housing prices went up because there's not enough homes.  Interest rates did not change radically or even that much - the interest rates in 2008 for mortgages were only slightly higher than in 2017 for example yet by your own charts prices had shot up at an incredible rate.

Further - the prices in 2023 are still higher than the prices were last time we saw interest rates that high by a HUGE amount.

The cmhc says it's a housing supply issue not an interest issue:

https://www.cmhc-schl.gc.ca/blog/2022/canadas-housing-supply-shortage-restoring-affordability-2030

The realtors think it's housing supply

https://ottawa.ctvnews.ca/lack-of-housing-supply-driving-up-home-costs-in-ottawa-report-says-1.5650766

https://www.timescolonist.com/real-estate-news/lack-of-housing-supply-drives-up-prices-slows-sales-in-august-4691778

The Banks think it's a supply issue

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.housing.housing-note.housing-note--may-12-2021-.html

 

low interest rates can play aSMALL role - but prices went up and are continuing to go up  because of a lack of housing. Period.


 

So you're wrong. It's supply.  You will get breif little pauses whenever the market seems unstable - which then drives rental prices up - and then it's back to rising prices.  Has been that way for almsot 2 decades now.

And it will get worse and worse as we are STILL not building enough houses.

 

Nice try tho :) 

 

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24 minutes ago, BeaverFever said:

 Many historians consider Rome in the first century AD to be one of the best periods of history to live in (other than modern times of course). 

it was a pagan slave empire which invoked the wrath of God and was destroyed therein

just as the modern Western world is being destroyed now

the God of the Hebrews will bring the flood as necessary

for He is mercy, but also judgment

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42 minutes ago, BeaverFever said:

Well first of all the city of Rome is not the same thing as the entire Roman Empire which spanned from Britain to North Africa to Mesopotamia

but it was all run from the Palatine Hill in Rome

every Roman Consul or Praetor reported directly to the Imperator or Princeps

when the centre collapsed, it all went away in very short order in a cascade

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50 minutes ago, BeaverFever said:

Second of all you’re granting yourself a lot of leeway by not defining the time period that is “rise of Christianity”

the persecution of the Christians begins in 249 AD

the collapsing Empire is converted to Christianity in 313 AD

that's 64 years, literally the blink of an eye in historical terms : 1959 to now

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45 minutes ago, Dougie93 said:

it was a pagan slave empire which invoked the wrath of God and was destroyed therein

Not in the first century.  In the first century it was just a pagan slave empire with sexy foreign queens and orgies.  God wouldnt' get pissed off for another 300 years.  Good times!  :) 

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Just now, CdnFox said:

Not in the first century.  In the first century it was just a pagan slave empire with sexy foreign queens and orgies.  God wouldnt' get pissed off for another 300 years.  Good times!  :) 

the pagans sowed the seeds of their own destruction at Golgotha

over the next 70 years you get four Gospels

by the time the Gospel of John is written

the Pagans are descending into civil disorder

at which point the masses started to hedge their bets

this is where you see Roman graves which appeal to both the pagan gods, and Christ

Christ is already very popular with the pagans, as the Principate degenerates into the likes of Nero

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1 minute ago, Dougie93 said:

the pagans sowed the seeds of their own destruction at Golgotha

And almost nobody noticed.

Quote

over the next 70 years you get four Gospels

That made no difference to the lives of the average person.  God must have been sleeping. And that takes us outside the first century.

Quote

by the time the Gospel of John is written the Pagans are descending into civil disorder

Nope. The party was still rocking nicely  :)

 Sorry kiddo - rome wasn't punished by god at all in the first century - despite all the debauchery and the fact they stabbed the head guy :)

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2 minutes ago, Dougie93 said:

what debauchery there was, was mostly confined to the  wealthiest elites

the average Roman citizen was so conservative & religious, they would be comparable to Islamic fundamentalists now

Soooo - you're saying that the majority WEREN"T bad people? So why did god punish them again?

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22 minutes ago, CdnFox said:

Soooo - you're saying that the majority WEREN"T bad people? So why did god punish them again?

the pagan religion was utterly savage by our standards, literally satanic

Christianity being the entire basis of our civilization

what we think of as good ; is Christian

what we think of as evil;  is pagan

the Roman pagans make the Nazis look like humanitarians

enslaving the weak and murdering them by heinous means was the rule of the pagan gods

what the Nazis did for ideology, the pagans did for entertainment & sport

paganism was like the Holocaust, all day every day, in every corner of the Empire

Edited by Dougie93
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13 minutes ago, Dougie93 said:

the pagan religion was utterly savage by our standards

Hardly - you didn't see the pagan gods burning entire cities or flooding the planet (talk about climate change!) or demanding it's followers invade the middle east and recover jeruselem.  They were fuzzy kittens compared to the murderous Christians.    A lot more people have died in the name of Jesus than the name of Apollo.  These christians are crazy!

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43 minutes ago, Dougie93 said:

the Liberals and NDP are a combined 50%

the Conservatives are 35%

it's an another easy win for the Liberal-NDP coalition

Well like everything you talk about you're wrong.  But hey - at least you're consistent! That's hard to find in this day and age

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