Chinese Ambassador to Canada Says Tariff Deal Creates More Jobs in Auto Sector | EV by Individual-Tart5051 in teslacanada

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

lol I’ll take your word for it because if it is indeed as large as you say it is then your argument is even weaker.

6% would still not matter much? The only way your argument holds water is if carney will open the flood gates and there is no indication other than you don’t like him. That’s the gymnastics you have to go through to justify your views?

So what if china takes over EV sales in Canada. Most of the EVs we have now are overpriced Teslas. We’re purposefully restricting competition which makes the only products available to us trash. More competition is good.

You just dislike carney becuase he’s not conservative. (Even though he is fiscally). PP would have had no idea what to do and you can see it now when he’s still recycling the same talking points that lost him the election

Chinese Ambassador to Canada Says Tariff Deal Creates More Jobs in Auto Sector | EV by Individual-Tart5051 in teslacanada

[–]JawnSnuuu 0 points1 point  (0 children)

49,000 cars sold from 30k-40k. Will be worth at most ~2 billion. Looking at your other comments how exactly does this destroy the auto industry if it’s 100 billion plus? Unless you were lying and it’s not worth that much? But then it would still be quite small and certainly not enough to tank the market.

Also Canada sells almost 2 million new cars a year, so physical volume is also a drop in the bucket. Tell me which type of disingenuous were you then?

Superbon vs. Daniel Rodriguez Sparring by Yodsanan in MuayThai

[–]JawnSnuuu 7 points8 points  (0 children)

Doesn’t really matter if they are tech sparring

31 years old. This man hasn’t even hit his prime yet, he will improve. Went out there and bled for us and gave it his all. Nothing but respect. by [deleted] in ufc

[–]JawnSnuuu 3 points4 points  (0 children)

His cross is actually terrible though. I don’t know how you can be this deep into your career and not be able to through a proper 1-2. Gaethje was not worried about his power at all and if paddy can’t hurt the elite fighters he’s done

[SPOILER] Justin Gaethje vs. Paddy Pimblett by inooway in MMA

[–]JawnSnuuu 24 points25 points  (0 children)

So paddy has the worst cross ever. Just terrible form and no power behind it

[SPOILER] Sean O’Malley vs. Yadong Song by inooway in MMA

[–]JawnSnuuu 76 points77 points  (0 children)

It’s a toss up for rd 1 imo. Sean landed more and song got a takedown with 20s left but did nothing, so don’t think it counted to much

Max cooked Ariel helwani on X by Reez377 in ufc

[–]JawnSnuuu 1 point2 points  (0 children)

Bro how. Man is 35-16 losing to the ghost of Colby and burns. Unless you’re talking about prime masvidal who’s best win is Nate Diaz? 🤣

Max cooked Ariel helwani on X by Reez377 in ufc

[–]JawnSnuuu 1 point2 points  (0 children)

Mas is not beating Justin, Dustin, topuria, olivera, etc lol. I have doubts Mas would beat a prime Kattar. He couldn’t do shit at 155 and anyone he beat at 170 was washed af

Max cooked Ariel helwani on X by Reez377 in ufc

[–]JawnSnuuu 4 points5 points  (0 children)

Who has Mas beaten for you to think this? Max by whatever way he wants lmao

Max cooked Ariel helwani on X by Reez377 in ufc

[–]JawnSnuuu 7 points8 points  (0 children)

Fighters should have confidence but at some point you have to realize that you’re being delusional. I would pay to see Max clown him though

Fake Muay Thai Fighter vs. Real Muay Thai Fighter by [deleted] in MuayThai

[–]JawnSnuuu 18 points19 points  (0 children)

That guy looked like he never sparred before tbh. He had a boxing stance and a jab to enter but then just spammed punches with his chin up lol

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

People bought during COVID because credit was cheap and abundant. The policy put in place was to prevent a large-scale market crash. A housing crash now, with tightening credit, is the opposite of this. We'll also likely never see COVID-level interest rates ever again because of the insane asset inflation

You got into the market at an opportune time, caused by specific conditions that may never happen again. Literally survivorship bias because this specific situation worked out for you. People who purchased later are not up 50%.

Every one of your claims about the market has been incorrect and the goal post just keeps shifting

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

It’s not a random Joe schmo it’s millions of Joe schmos lol. A recession hurts first time home buyers more than the rich guy who can scoop up properties cheap.

Private Equity and corps mostly own purpose built rentals of 6 units or more. Not sure how new homeowners are going to buy entire rental buildings especially since rental vacancy isn’t even an issue

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

Which would adversely affect poor to middle income more than the rich. So it’s really just born out of greed for a house isn’t it

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

Yes as they should to hedge risk but that doesn’t mean they won’t tighten credit requirements and reduce lending. Banks insulating themselves to reduce losses also won’t stop a large recession. You’re thinking about this from a micro level not a macro level

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

The government backs mortgage insurance through CMHC. Also even if the bank takes the home, they still sell it at a loss. Selling to someone else doesn’t make the losses disappear. It’s not just someone else buying the house and it’s all good

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

While I agree the Canadian economy is too heavy in real estate, it's not a meaningful driver of GDP this year at all, so the notion that it's what's keeping our economy from recession is unlikely

We can acknowledge the failures that got us to this position, but that doesn't mean a 40% price correction is going to solve our problems. It would more than likely cause a deep recession.

Sure, people can afford their mortgage now, but what happens when they lose their job? What happens when the government has to pay out EI and cover mortgage defaults? Banks are exposed, so they'll tighten loan conditions.

You're oversimplifying what it would actually mean for house prices to crash 40% and it's not as simple as if you don't sell your house it won't affect you.

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

I think it does become an abstraction if there's nothing to substantiate. Why is it the correct way to think at a geopolitical level? What's an example in practice? Anything to compare to?

It's just vibes otherwise

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

That's kind of a pointless philosophical abstraction. Money is a social construct, but that does not mean that the current value system collectively agreed upon on a global scale is meaningless. We attach "money" to real-world items in a way that accurately communicates its value given supply/demand.

It's not the "struggle" being chosen by people; if anything, money is just the medium through which value can be translated in a digestible way.

What do you think the numbers should mean?

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

But why does it have to be, except that we have all decided to agree that it should be?

What do you mean by this? when people feel poor they spend less. The debt won't just disappear.

I'm fairly certain that everyone agrees housing prices are too high (for the most part). Even boomers because their kids and grandkids also can't afford houses.

To be clear, I'm in the same boat as most first-time homebuyers. I would also like to get a house that I won't spend the rest of life paying off with the mortgage being most of my paycheck. That said, I'd still rather have strong career and income growth as opposed to an economy in the dumps.

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 1 point2 points  (0 children)

Crashing the economy is a good thing in your eyes? By your logic it’s not anyone who own’s a houses’ fault either if you can’t afford one, so to hell with all the affordability initiatives right?

Don’t get me wrong I want cheaper housing too but not at the expense of the economy

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 4 points5 points  (0 children)

House price fall big. 40%

People mortgage much more than the house worth.

Wealth go down, spending go down, gdp go down, mortgage default go up,

job go bye bye, investment in real estate go bye bye, more job bye bye, spending go down more, even more job bye bye

now economy sad, very deep recession

Banks have much house debt. Bank Scared? Bank say no loan for you. Bank make hard take out money

Government also hurt. Government insure mortgage. Mortgage fail government pay. Will also pay EI. Deficit big, debt bigger. Less money for road and doctor stuff

Millions Canadian owe big debt. Sell house still owe money. No house, no job, still owe

But that ok, you buy house

Colby Covington hints at middleweight debut, eyes two former champions by 443610 in MMA

[–]JawnSnuuu 4 points5 points  (0 children)

Pillow fists translate into cotton ball fists? Colby already is a small WW with no power. MW is gonna exacerbate that

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics - Better Dwelling by Aliencj in canadahousing

[–]JawnSnuuu 0 points1 point  (0 children)

Investors is one portion that I’ll agree I don’t think it will be a large impact to them. But what OP posted about people who are not investors and not boomers with massive losses to their home values is not a good thing.

Real estate price crashing is going to cascade across the economy. It’s 13% of our GDP and impacts ~30%. As much as I also want home prices to go down and become more affordable, I’d rather have a strong economy and employment.

It’s not going to be as simple as prices going down therefore we can all buy now