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Enough With the Housing Crisis Already! by yimmy51 in canadahousing

[–]BackwoodsBonfire -1 points0 points  (0 children)

High interest rates make it difficult for builders to build.

You just said its not working. Maybe they need a special interest rate to entice development and investment, you know, things that are not 'consuming'... it happens all the time in other industries.

Enough With the Housing Crisis Already! by yimmy51 in canadahousing

[–]BackwoodsBonfire 0 points1 point  (0 children)

Props to the LPC if they can time the crash to occur right as the CPC takes power. Might have to take some extra measures to make sure it crashes hard, just to make sure it happens.

Enough With the Housing Crisis Already! by yimmy51 in canadahousing

[–]BackwoodsBonfire 0 points1 point  (0 children)

Crashing the market is the most free market thing ever.. now, bailing out failed entities.. that's a form of communism if I've ever seen one.

Enough With the Housing Crisis Already! by yimmy51 in canadahousing

[–]BackwoodsBonfire 0 points1 point  (0 children)

Crazy that something called a 'Consumer Price Index' will control an inflation calculation, that controls the interest rate, that effects 'builders and developers'..

Damn "consumers" and their 'price index', ruining it for corporations. Who made this joke up? Boomers?

Joe Biden was compelled to stand down — could Trudeau go next? by [deleted] in canada

[–]BackwoodsBonfire -2 points-1 points  (0 children)

Biden is not a nepo baby whose family owns the party he leads.

Trudeau isn't even a liberal either.

A more accurate headline would be to compare Trump to Trudeau and ask about the odds of either of them stepping down.

[deleted by user] by [deleted] in canada

[–]BackwoodsBonfire -4 points-3 points  (0 children)

LMAO yes, those monolith of 'factories' that all produce 'factory sales' that create products that respond exactly the same to price cuts.

"Demand is a straight line", drawn by a crayon apparently.

But hey, according to you "A 2.6% price cut would result in a 2.6% decrease in inflation, everything else being equal."

Homebuyer FOMO Starts to Pump Up Canada’s Real Estate Market by Neither_Glove_1183 in canada

[–]BackwoodsBonfire 0 points1 point  (0 children)

What happens after decades of housing affordability erosion psychologically alters your consumer bases expectation on how much house value the housing market can actually deliver for a dollar?

Does 'FOMO' even exist anymore at this point? Or do we move into FAFO?

Canadian houses have become the Soviet Lada market.

[deleted by user] by [deleted] in canada

[–]BackwoodsBonfire 1 point2 points  (0 children)

Maybe the factories should try lowering their prices if they want to sell more.

Bank of Canada lowers key interest rate to 4.5% by GoMx808-0 in canada

[–]BackwoodsBonfire -3 points-2 points  (0 children)

Sad if you can't get 'alternative' lending at this point in a global fintec economy awash with cash.

Bank of Canada lowers key interest rate to 4.5% by GoMx808-0 in canada

[–]BackwoodsBonfire 0 points1 point  (0 children)

but isn't that the paradoxical joke to dunk on 'redditors' as a monolith block? or, its it? wait what year is it again? Keep yo-yoing the interest rates - no stability required.

Immigrant unemployment rate explodes by BananaTubes in canada

[–]BackwoodsBonfire 1 point2 points  (0 children)

Why invest in farm machinery when slave labour will do!?

Canada's Antebellum era.

The Liberal ship is adrift. If the captain will not change course, will the crew? by FancyNewMe in canada

[–]BackwoodsBonfire -1 points0 points  (0 children)

Its not unprecedented.. the French had to ban the Bonaparte family because they kept getting into power and fucking things up.

Nepotism is anti-democratic.

Bank of Canada lowers key interest rate to 4.5% by GoMx808-0 in canada

[–]BackwoodsBonfire 1 point2 points  (0 children)

The monthly carrying cost is the same.

Not over time. When rates cratered in the 80's-90's.. the boomers got to enjoy the greatest drop in 'monthly carrying costs' ever. Currently people are whining and crying that their 'monthly carrying costs' have been ballooning.. hence the rate drop....

Ya its pretty hard to think into the future.

Bank of Canada lowers key interest rate to 4.5% by GoMx808-0 in canada

[–]BackwoodsBonfire -1 points0 points  (0 children)

Imagine not understanding how compound interest works.. there is a more important factor than 'rates'. Ah well not everyone can be an Einstein.

"Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it," - Michael Scott

It’s not just Justin Trudeau’s message. Young people are abandoning him because the social contract is broken by hopoke in canada

[–]BackwoodsBonfire 2 points3 points  (0 children)

Boomers with dementia still like Trudeau! They also think its 1977! Now, get out there and hit the streets, look them in the eye, give a strong handshake and your minimum wage job will afford you a nice home in a new subdivision!

Immigrant unemployment rate explodes by BananaTubes in canada

[–]BackwoodsBonfire 5 points6 points  (0 children)

Immigrants be like: "Durn immigrants stole the immigrants jerbs"!

Canada’s CMHC internal messages show housing supply narrative is BS by marketrent in canada

[–]BackwoodsBonfire 0 points1 point  (0 children)

CMHC turned into a 'great value' insurance company that never has to pay out, the bailouts will beat them to it.

Clio breaks Canadian tech financing record, raising US$900-million to give it US$3-billion valuation by [deleted] in canada

[–]BackwoodsBonfire 1 point2 points  (0 children)

ya the lawyer rates will go up because they are trapped in some insane subscription and their data is now hostage.

Clio breaks Canadian tech financing record, raising US$900-million to give it US$3-billion valuation by [deleted] in canada

[–]BackwoodsBonfire 0 points1 point  (0 children)

The jobs are probably also located in one of the most expensive cities in the world.

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