– Vieler Photography
Do people lie to pollsters, just to mess with their heads?
Maybe. But if the latest numbers hold, the T2 Libs are headed for a majority. This is astonishing to those who wondered how he could survive the Lavalin mess. Or the defection of Jody and Jane. The ethics charges. The godawful India trip. Overspending, deficits and financial fibs. A tax assault on small biz. Blackface and coverup.
But there’s barely a word of such things in the campaign. Instead, this is all about giving stuff away. Bribes. Buying votes. And at the center of the vote-sucking is real estate. In the last few days, for example, the governing party says it will hand out $40,000 interest-free loans for house upgrades. That comes atop the enhanced downpayment/RRSP limit, the shared-equity mortgage and a new tax on non-maple buyers. The Tories have tried to keep up with a return to 30-year mortgages, a gutted stress test and retrofit cash.
Now that Mills form the single biggest voting block and in their house-horny years, politicians can’t help themselves. As mentioned here a few days ago, all this will end up making houses cost more, increasing debt and goosing risk. But our leaders care not. The kids lust for houses. They crave power.
Maybe it’s time we paleos just rolled over and accepted the fact nobody under 40 cares about fiscal sustainability, ethical leadership or less government. Federal deficits and national debt are remote, icy concepts. The big issues of demographics, pensions and productivity are pffft. Instead younger leaders catering to younger votes focus on wants and desires. At the top of the list, weirdly, is property.
So no wonder we’re seeing the kind of crap reporting that’s flooded social media lately. It reinforces the meme that moisters are screwed, implying Boomers are the screwees. A great example comes from the online real estate portal Zoocasa where the kids decided to find out how long it would take houseless Millennials to afford the average home in major cities. The conclusion was shocking – in Vancouver the typical household would need 52 years. Toronto was a bargain. Only 32 years.
The fake news even came with a snappy chart…
(Click to enlarge, but why bother?)
Why is this the wrong data on which to base national housing policies? Simple. In demand markets where average prices are seven figures, nobody should expect to jump from no real estate at all to a detached house with three bedrooms and shiny taps. The notion of a ‘property ladder’ has even more validity in big cities where single-family homes are in limited supply. Families buying mid-priced real estate are usually trading up based on equity earned by selling cheaper properties. Maybe if a 30-year-old had traded her parents’ comfy basement and laundry service for a cheesy starter home in the burbs there’d be less moaning. Just a theory.
Second, the Zoocasa elfs took the average salary in YVR or 416, figured out how much mortgage borrowing that would bring (not a lot) then calculated the downpayment required to make up the difference. Bizarrely, that equaled a down of 76% in Vancouver, or about $750,000. Hence the 52 years needed to save up such an amount. Unfair!
See how moister math works? It’s awesome.
Today here are 379 active listings in Greater Van asking $600,000 or less. There are 180 asking five hundred thousand, or less. To buy one of these with 5% down would require about thirty thousand in cash and a household income of a hundred grand. Not every family in the region brings in that kind of income, of course. But we also don’t have 100% home ownership – never will, nor should we try. Real estate costs a lot of money to own, and in many cases (almost all, actually) renting is a cheaper option.
But, alas, it’s a losing battle. With the Trudeau re-election, taxpayers will be spending more than $2 billion a year subsidizing private mortgages, while a smorgasbord of homeowner incentives makes houses less affordable, and debt enhanced. By jacking its shared-equity loan limit to $800,000 in Toronto and Vancouver the Libs made a statement. More is more, they said. You deserve it.
But as the nation encourages greater household debt and more personal net worth shifts into a single asset, there is less capital for innovation, invention and advance. Concessions today. Consequences tomorrow. Things will change when Greta runs the world.
150 comments ↓
And foist!
Andrew Scheer is one of the weakest federal campaigners I have seen in quite awhile. Move over Michael Ignatieff and Stephane Dion.
Can you imagine the hay Donald Trump would make if he were running against Justin Trudeau? Yet somehow Scheer cannot figure out how to take advantage of Trudeau’s many foibles. Amazing.
Based on the chart, you can save a down payment for an Edmonton-based house in about three months lol.
Has bc housing bottomed out?
Is it now going back up?
Any expectations and hopes of normality in this place will be futile.
Imagine the worst, square it and the reality will soon beat it.
cuckoo, cuckoo…
How Scheer lost this election:
1. He let others define him long before the election began.
2. His last name grates people, don’t know why.
3. Opps saying him and Doug and Harper are the same over and over is politics 101: Say something repeatedly it becomes believed.
4. Nobody knows where he stands. He’s somewhat hidden while it’s Justin out there, visible.
5. His climate vague policy is even more vague than Mr. No-Answer Trudeau.
6. Scheer’s campaign team is not working hard enough.
7. His promises are too liberal.
8. The electoral mood has not swayed right enough.
9. Lots of people still like that unethical, scheming, pipeline hating, partisan, enviro brainwashed, ideologically challenged, clueless former drama teacher.
10. Trudeau dodges questions or gives non-sensical answers without much media fuss.
But if the latest numbers hold, the T2 Libs are headed for a majority. This is astonishing to those who wondered how he could survive the Lavalin mess. Or the defection of Jody and Jane. The ethics charges. The godawful India trip. Overspending, deficits and financial fibs. A tax assault on small biz. Blackface and coverup.
………………………
Astonishing ? No way. Very Predictable. Forget the lunacy.Look at the freebies they are handing out. Whoever gives away the most best free stuff will get elected. How can they say no to all those freebies ?
He won’t win.
Voting for Rhinoceros Party this time around. At least they’re upfront about what to expect from government.
So at the risk of hijacking the comments feature, what would blog dogs WANT to see in terms of housing policy in this election? And from what party?
Personally, I’d like to see:
– Canadian taxation for Canadian citizens who live abroad, but demand the right to vote in Canadian elections
– Increased income tax enforcement (and collections) for rental properties, short term rentals, and assignment flipping
– Commission to investigate money laundering in real estate, and action to fix the problem
– Mandatory licensing for short-term rentals that are not owner-occupied, income reporting, tax collection and enforcement,
– Caps on the number of licenses issued for short term rentals that are not owner-occupied.
Time to drop off Fido at the dog pound!!
“Pets are now as unaffordable as college and housing…
Over the course of 15 years, small-dog Poochie will set the owner back an eye-watering $17,560 to $93,520, while big-dog Fido costs $22,025 to $82,929 over 12 years.”
http://charleshughsmith.blogspot.com/2019/09/pets-are-now-as-unaffordable-as-college.html
Our 70% home ownership level is about as high as it can get… why are we trying to get it higher? People are brainwashed
Trudeau never would have survived his brown face scandal, If the world hadn’t already experienced 3 years of orange-face.
Young people are not one homogenous unit that votes the same. We are all over the spectrum (I think I’m still somewhat young at 36).
But let’s be honest.
For years on this blog we’ve been hearing about how our rediculous house prices are going to have serious implications on future policies and our society. That time is now.
No one should be surprised. And no one should be surprised at who is to blame: the Bank of Canada’s stupid policy, the obsolete CMHC, the RE cartels, and the banks.
That is who to blame, not young people.
MF
It’s pathetic. Embarrassing
One day when the housing Ponzi ends the majority of these people will vote in bolsheviks hard left and then the real games begin. Most will refuse to accept responsibility for their stupid choices and will end up being dependent on an even more corrupt government
They will not understand that government intervention, especially the junk / fraudulent monetary policy by the Bank of Canada is the main driver of the issue
They will of course blame “capitalism” and vote in an even more totalitarian government
Once done most of the fake wealth will have been evaporated via currency destruction, taxes, fees , interest and insurances paid in hard cash but based on artificially inflated asset prices the result of artificially priced credit
Oh what a show it will be
Think Argentina 1999, USSR 1990, Portugal 1974, etc
These politicians all give me the creeps
Singh just proposed a $5,000 renter’s subsidy.
As we prepare to vote it would be wise to bear in mind the consequences absent blind party adherence.
Any combo of lib minority and NDP support OR con minority with NDP support means no pipeline for decades probably.
We need to fix both lib and con leadership but that starts at the local level and percs up, you can’t just chop off the head and think you have fixed anything.
So it will take years to solve and candidates from across the nation in local elections to hear what the majority want/need and they “graduate” up.
Or just kick the can down the road for another day.
That isn’t a mill or boom problem, its our problem…all of us.
And recall it wasn’t Don Cherry voted Canada’s best, it was Tommy Douglas.
“Maybe it’s time we paleos just rolled over and accepted the fact nobody under 40 cares about fiscal sustainability, ethical leadership or less government”
-Yeah right.
These same “under 40’s” saw governments worldwide spend trillions in 2008 to the sole benefit of older generations who created the whole problem in the first place.
The debt levels, and spend now mentality of today are not the result of young people in any way shape or form.
“Maybe. But if the latest numbers hold, the T2 Libs are headed for a majority.”
-Yes people lie. Polls are 100% worthless and predict 0. Expect a Con minority.
MF
to be a screwee. Feels good too.
“Maybe it’s time we paleos just rolled over and accepted the fact nobody under 40 cares about fiscal sustainability, ethical leadership or less government.”
————————————————-
At no time in history have middle-age and elderly people not been saying this exact same thing, yet the human race somehow continues to muddle along.
I picture all 40 yo+ blogdogs sitting in folding chairs in the front yard shaking canes, fretting about young whippersnappers, gall bladders, gout, and next month’s plane reservation.
What about healthcare in this country? Sooner or later most of us is going to need a doctor. House or no house.
I’ve heard of people waiting years to be able to have a family doctor, because of a shortage. Leaving many to rely on walk in clinics or ER.
Trudeau should be ashamed of this sad state of affairs.
The Conservatives did little to distance themselves from Donny T, and they put their saddle on the anti science horse.
Seeming to agree with a POTUS that was doing everything to hurt Canada was a fatal move. Then they made it worse by deciding to saddle the stupid horse
called climate denial.
Bernier will steal some votes and soft support from the NDP and Greens will vote Liberal in the Blue vs Red electoral battle grounds.
The Liberal majority was a done deal decided months ago. Trump’s imminent impeachment just adds to the colossal cluster duck called Conservatives 2019.
I wish more people realized how weak they sound when they look to the government to solve their problems.
Housing is a market. Supply and demand. Government should leave it to the market to work out, and step away.
The fact that the question of what the parties should do to ‘solve’ housing even comes up is pathetic.
Let banks compete for borrowers, let borrowers sink or swim, let lenders fall.
Sorry, too free market for 98% of nanny-state Canadians?
Our fearless new leader comes to us from the Ministry of Love with the latest report on the warfront. Please Stand.
https://www.youtube.com/watch?v=hCg-NGKBPSI
Between voter apathy & political party platforms that 1) copycat each other & 2) promise whatever they think will end with their receiving the vote majority the fact we end up with unsatisfactory government is no real surprise. Sad, but not surprising. Throw in the expectation that everyone is entitled to live the lifestyles of the rich & famous & anything less is ‘unfair’ and presto – here we be.
The polls said Hillary with a comfortable margin in 2016.
The problem with opinion polls before an election is that it’s notoriously difficult to predict who will vote and who will stay home.
Greta is important but sadly it’s going to take a revolution of monumental proportions worldwide the like of which the world has probably never seen –
Nothing will change until our governments run out of money. Then it will be like the early 1990s all over again.
A Liberal majority, 70 cent $. A Liberal minority, 60 cent $.
Re: Do people lie to pollsters, just to mess with their heads?
Maybe some do, but your guess is as good as mine.
I just refuse to waste my time with pollsters, just like telemarketers.
‘Sorry I don’t respond to telephone solicitations, good bye.”
Whom I may or may not vote for is a private matter.
Maybe people saying they are planning to vote for T2 just don’t see it the same way?
Is anyone able to or even looking to make sure the likes of FB are not medaling in Canada’s elections? They certainly are able to taller the massage down to the individual level.
That right no one is, we just have to trust them they tell us with a straight face.
Are you sure your chose is informed consent or actually manufactured consent??
The Greta girl is not that scary. There were gretas before that are mostly forgotten now:
Severn Cullis-Suzuki’s speech on the environment (1992)
https://www.youtube.com/watch?v=JGdS8ts63Ck
Emera Inc. (TSX: EMA) has approved an increase in the annual common share dividend to $2.45 from $2.35 per common share and extended its dividend growth rate target of four to five per cent to 2022.
rub tummy
Although this is an article regarding the politics down South it does affect us. Well written article!
https://nationalpost.com/opinion/conrad-black-why-donald-trump-will-win-big-in-2020#comments-area
#11 Dog Breath on 09.27.19 at 5:33 pm
Time to drop off Fido at the dog pound!!
——————————————————————–
I should mention that our Black Lab “Rudy” was the best dog in the world. We would have done any thing for him, spent any thing for him. We didn’t care about the cost. RSP Rudy!
And we thought the boomers were such self serving greedy little mutts. Apparently the younger generations are going to make them look like rank amateurs.
#26 Doug t
https://nationalpost.com/news/politics/election-2019/rex-murphy-the-liberals-2050-zero-emission-climate-vow-is-pure-delusion
Let’s break the market down to one Lego piece at a time, Flop style.
I reported on this detached house when it sold roughly a year ago.
When it sold for 775k it was on of the cheaper ones sold all year.
I remember a few knockdowns going for around 750k
That is the bottom of the bottom in Vancouver central at the moment.
Lack of speculators and developers meant some people got some relatively good deals last year, all things considered.
What I was hoping to see for the benefit of the city was someone start to buy these types of houses and do a budget build and put it back on for around 1.25/1.35
Instead of getting a fixer upper, a brand new product would have been available for around 250k more, since the land value is nowhere near even in East Vancouver and there are pockets of affordability.
That didn’t happen, whether they had plans and they changed, or not, now it is back on for 950k trying to make a quick buck.
They might even claim it as a principle residence, as a year has elapsed and that seems to be the unofficial rule.
This city wastes so much money, I couldn’t care if they bought all the cheapest blocks of land and built specialized houses for the disabled at ground level, or something that the city lacks.
This is what was happening before, people hold it for a year, take 20%, and pass it on, before too long the mark-up is too great for the people not truly paying attention and half of them ended up sucking it in Surrey.
It remains to be seen what these guys get, there will be no bidding war, but a profit is plausible because of the lack of competition at the time of purchase, but overall better for the city if developers demolished it, more jobs involved, more economic benefits, better for the neighbors.
The social fabric of this city has been bowel wiped, it’s time for some of the major developers to give a little back…
M45BC
https://www.zolo.ca/vancouver-real-estate/3280-georgia-street
I don’t know why you are framing this as a millenial problem. You’ve said it yourself numerous times garth – boomers own most of the real estate in this country.
In fact CMHC says that 25% people over the age of 55 in Toronto and Vancouver own 4 or more residential properties.
All of this vote buying via housing goodies is being done to protect asset values for people who hold the assets. 70% home ownership rate in Canada. Politicians are basically held hostage and have to appease the home owning masses or risk being punted. This is not about millenials no matter how much you want it to be.
@#29 Network “I’m as mad as hell and I’m not going to take it anymore!”
“The Greta girl is not that scary. There were gretas before that are mostly forgotten now:
Severn Cullis-Suzuki’s speech on the environment (1992)
https://www.youtube.com/watch?v=JGdS8ts63Ck
++++++
While David Suzuki’s daughter was saying the same thing……
Way ahead of her time.
Different decade, no one cared.
Now?
Everyone is crapping their collective pantaloons.
I asked for a conservative sign two weeks ago….nothing.
Barely any signs for the candidate in my riding.
@#26 Doug T
“sadly it’s going to take a revolution of monumental proportions worldwide the like of which the world has probably never seen –”
++++
Well as Einstein once said after someone asked him about what type of weapons would be used in World War III.
” I dont know but we’ll be using sticks and stones in World War IV….”
Wow, such intergenerational hatred being spewed by our Paleo Boomer host. Was it something you ate, Garth? We know how your generation likes to gobble up everything, leaving nothing behind. Try some Rolaids maybe?
Boomer irrelevance begins officially October 22.
Boomers, be part of the change.
Or be run over by it.
Hey Smartalox – re: your #10 comment:
—–
So at the risk of hijacking the comments feature, what would blog dogs WANT to see in terms of housing policy in this election? And from what party?
Personally, I’d like to see:
– Canadian taxation for Canadian citizens who live abroad, but demand the right to vote in Canadian elections
– Increased income tax enforcement (and collections) for rental properties, short term rentals, and assignment flipping
– Commission to investigate money laundering in real estate, and action to fix the problem
– Mandatory licensing for short-term rentals that are not owner-occupied, income reporting, tax collection and enforcement,
– Caps on the number of licenses issued for short term rentals that are not owner-occupied.
—–
Hey Smartalox – Well done – I really endorse all of your suggestions, except the first one (taxing people who live abroad – not because I disagree, but because I really haven’t pondered that one very much).
Another thing I would like a party to do (which is not specifically related to housing policy) – SIMPLIFY OUR TAX SYSTEM! I just cannot believe that all these tax credit programs are the way to equalize things. The costs to administer these programs probably eat up most of the benefit (or worse). Dealing with CRA is such an opaque endeavour, and with all these programs, it’s no wonder. And do they ever go back and measure if a program is effective? Of course not. Also, in too many cases, people who don’t need these tax credits get them.
Anywhoo… good points, Lox.
I’m not going to suggest which simplified tax system should be used – I am not an expert on that – but there are a number of well documented approaches out there.
Why can’t we get a party with some guts to propose this! (Rhetorical question – my answer is that the current parties are pandering to “status quo” establishment leaders, and that’s what they feel they need to do to get elected.)
Anywhoo… good points, Lox.
“But, alas, it’s a losing battle. With the Trudeau re-election”
Good , now let the breakup of Kanata begin.
Everything east of Ontario border Broke ass Liberland.
West to BC Milk and Honey
BC who cares?
Whenever I see Scheer, he seems to be wondering what is he supposed to do. He seems very unsure of himself, but Trudeau regardless of all the scandals still has that swagger, he knows how to fool the people. Good looks and charm will always win over ethical behaviour.
Ideas I would like to see considered by the leaders; (items related to this blog)
Income tax enforcement for off shore money, and rental properties, flips, and assignments.
Break up the monopoly of the MLS and Realtors, make it mandatory for all offers and contracts to be reviewed by a lawyer without the realtor there.
Remove the RRSP borrowing for housing instead set the TFSA limits back to 10K and promote that as the savings vehicle for the down payment. RRSP are for retirement!
This way people that rent still have a similar way for tax free gains like home owners.
Enforce the debt to income ratios, even reduce them a bit.
Come down hard on payday loans and other predatory lending like Cashco, and reverse mortgages, at the very least force them to issue 1y/5Y/10Y + projections on total costs, fees and payments to be made.
Stick to 25 year mortgages not 30+
(just some of the ideas I would like to see discussed)
Similar polls said Clinton was going to win in 2016 too. Most people are tuning out the election campaign as it has descended into a complete farce. Really, $2000 to go camping, it’s stupid. Many people I talk to are literally tired of the Trudeau nonsense. They see the problems and want some capable leadership. Trudeau will get turfed. More scandals to come yet I understand.
@BlogDog123:
Two other ways that Scheer lost this election:
11) All the Conservatives did for the last 5 years was complain about what a terrible job the Liberal government was doing. At no point did members of the opposition (many fresh from having formed the previous Government) offer compelling ideas on how they’d do the same things (NAFTA to USMCA, American Tariffs, China’s hostage diplomacy) differently, let alone better. Some would say that they still haven’t.
12) By repeatedly calling for a RCMP investigation into the SNC scandal (but not making specific allegations as to what investigate and why) night after night on TV, and then not getting any traction, Scheer made himself look impotent.
He sure didn’t look like a leader: someone with a vision, a plan, and an ability to get things done.
Even his supporting cast has essentially deserted him. I don’t see Lisa Raitt, at his campaign events, I don’t see Michelle Rempel, or Pierre Pollievre, contrasting their records running ministries against their Liberal party counterparts. Not a peep.
The Liberals had a great strategy releasing the incriminating videos about Scheer and all the ‘gotchas’ about his long-shot candidates. That ‘drip, drip, drip’ got different Liberal cabinet ministers in the news, and forced Scheer to spend TV time defending nobodies, in ridings that the Conservatives were probably going to lose anyway.
In Quebec, they have a name for politicians like Scheer: ‘le gros zero’ And he is.
I do feel better and better about my kitchen reno every day though. If people want to overpay for turn key property, so be it. And cheers to small victories.
@DougT #26
” Greta is important but sadly it’s going to take a revolution of monumental proportions worldwide the like of which the world has probably never seen –”
Agreed. We don’t have it in us. But not to worry, nature will ‘fix’ things – by getting rid of us.
Re: #25 Born in Hamilton on 09.27.19 at 6:33 pm
Many claim Russian interference in the 2016 election.
T2 has a pattern of standing with his opponents for that photo “look.” Like he did with Tom McClure, First Nation, Elizabeth May, Jagmeet Singh, and now Greta, shaking his head up and down.
He has broken many election promises in 2015 so why would I believe him now. How can anyone trust him?
What about the drinking water for the First Nation people And I am sure most people like me would have liked to hear the truth of SNC-Lavalin. What about JWR, doesn’t she deserve an apology like the phone call with Singh. Why does it have to be the “election look.”
All disgusting, all a play, all a front, what to win votes so T2 can do better. And better for who?
I think Scheer has the most “transitional” plan from fossil fuel to green energy. We have to think of all the families, children that have relied on this old system. The “for the economy” as some T.V. panel experts say. And I agree, we should not panic but we should move towards green energy, have both, and let the people decide by which product they would buy.
BWTS, the news media and polls have the Liberals and Conservatives leading but what are the people of Canada saying, the ones that don’t usually vote or have given up?
PPC, Maxime Bernier is a businessman, speaks with honesty, from the heart, and for Canadians of what I have heard. He is even honest about what he thinks of climate change, “it is here but not an emergency yet” or similar. I do like his bluntness not like other parties, pretending or talking/playing for votes except for May and extreme.
And as for the October 2nd debate: T2 is our PM and should attend or else it looks like to me he is too afraid with questions he would have to answer. T2 should be forced to stand in front of Canadians and if he believes what he did or doing is correct he should stand proud.
And if globalism is so great why are we not hearing how great it is and why? And why aren’t these globalist standing tall and proud of themselves? So silent.
Trudeau has this far from sewn up. Conservative minority if you ask me.
People are afraid to admit they’ll vote Conservative, for fear of being labelled a bigot, “alt-right”, or whatever other nifty slogan the left attaches to them.
In the privacy of the voting booth though…
The polls, as always, are BS. In addition to the above, you have Nanos performing the usual frankenmanipulation to make his horse look good, in the hope the herd follows suit.
As for those who complain Scheer is a weak campaigner… are you following him around everywhere? No? Well where are you getting this impression from? The media? That’ll be the same media staffed with Unifor employees, and bribed by the Liberals with $600m of our money.
What do you expect them to portray him as?
That said, I’ve noticed a very subtle shift in the CBC’s reporting this week – almost as if they’re calming down on the T2 love to hedge their bets.
That’s telling for me.
@#40 Mill-end-it-all
“Boomers, be part of the change.
Or be run over by it.”
++++
Would that be a Millenial piloted gas powered vehicle or an all plastic, electric, self driving, killer robot Amazon delivery vehicle doing the running over?
Just wanna know who to shake my cane at in the crosswalk…..
Investment Question
How many of you like to keep all your investments in one place such as with your big 5 bank?
I have always liked to keep things in one place. I can see a summary of everything on one page. I can more easily move money from an investment account to a bank account or the other way. At tax time I know where to get all the slips.
But I pay a bit more in fees (but I trade infrequently) at the Green bank and I can’t access the highest rate GICs. Then again I have never bought a GIC in 30 years of investing. I also can’t access the accredited investment products. (But many of those are dubious ).
Wondering what others do in this regard.
I took the family boat there when I was a kid to dock and walk around. It was the old Lady Eaton Estate and nobody was there, located in Rosseau. Its now a High School with grades from 7 to 12. Tuition and Boarding is a mere $50,400 for the full year, and International students pay $56,600. Hit mom and dad up for extra spending money too.
I’m a Boomer and not proud of the fact that I belong to the most privileged gang that ever lived in this Dominion. Gawd, we had it easy. I’m voting for the youth in this country (having said earlier that voting is pointless a few days ago).
So I look around the world and see the disasters caused by conservative governments from Thatcher and Reagan onward to the current reprobates governing in the US, UK, Ontario and Alberta. They can’t balance budgets, aren’t fiscally responsible and enjoy the misery they cause by imposing austerity and answering their corporate masters.
Why would anyone vote for Scheer?
Eliminate the capital gain exemption on personal residences. Result would be a better allocation of capital and maybe a housing (mini) crash. Both good things.
Was in YVR this week – what a dump.
Just sayin’
New Theory:
Scheer & co. know they’re going to lose or not have a strong minority, so…
Let Trudeau get a small majority, save their cash…
now Trans Mountain has a slightly higher chance of proceeding vs. Lib minority +NDP/Greens… if they could just get Butts and McKenna to quietly find other jobs…
DELETED
I am getting more convinced Alberta could not do worse on its own after watching Federal politics at work. We have idiot politicians too but they usually get called back to their village after revealing themselves as such. I might even vote Liberal to prevent a minority government so that pipelines would not be sabotaged by either the NDP or Greens.
Instincts tell me going after CO2 emissions as the sole issue causing climate change is wrong. I do agree doing something is better than sitting on your thumbs. Maybe we could ban gas engines over 50 hp, paint all construction white, quit paving roads, ban concrete as a construction material or put fine dust in the air. Anything other than carbon cops and the power to tax. I can see a great future for tax collectors.
It is starting to look like North Korean or Chairman Mao societies will be our model. But first, the powers that be will want to give Modern Monetary Theory (MMT) a try. The plebs will end up reaping a whirlwind of taxation then a great leap backward.
12 yorkville renter on 09.27.19 at 5:34 pm
Our 70% home ownership level is about as high as it can get… why are we trying to get it higher? People are brainwashed.
————————————————————————————————
It will go higher, people hate paying rent, hate the landlord, hate the condition of the building, and are under the impression owning a home is freedom.
Do people lie to pollsters, just to mess with their heads?
they lie to conform to the pollsters’ assumed bias. Short answer – yes.
A great example comes from the online real estate portal Zoocasa where the kids decided to find out how long it would take houseless Millennials to afford the average home in major cities. The conclusion was shocking – in Vancouver the typical household would need 52 years. Toronto was a bargain. Only 32 years.
big picture is that real estate in Vancouver and Toronto is not affordable. The real estate market in those two cities is about to collapse.
Today here are 379 active listings in Greater Van asking $600,000 or less. There are 180 asking five hundred thousand, or less.
these listings need $200,000 in renos to make them liveable. Really they’re building projects looking for someone with money.
Politicians are trying to con voters they’ll be able to buy. The effect of the incentives will be to raise prices – the end result will be to make a bad situation worse. People who don’t want to be caught up in the craziness, move to Nova Scotia.
#55 WUL
I’m a Boomer and not proud of the fact that I belong to the most privileged gang that ever lived in this Dominion. Gawd, we had it easy. I’m voting for the youth in this country (having said earlier that voting is pointless a few days ago).
So I look around the world and see the disasters caused by conservative governments from Thatcher and Reagan onward to the current reprobates governing in the US, UK, Ontario and Alberta. They can’t balance budgets, aren’t fiscally responsible and enjoy the misery they cause by imposing austerity and answering their corporate masters.
Why would anyone vote for Scheer?
____________________________________________
You, sir, are a decent, intelligent, reflective and honest person. Like many Boomers, you are of benefit to all of us. Keep speaking your truth.
Thank you. Boomers like you can be powerful components of the change that is coming.
#55 WUL on 09.27.19 at 8:34 pm
“So I look around the world and see the disasters caused by …governments. They can’t balance budgets, aren’t fiscally responsible and enjoy the misery they cause by imposing austerity and answering their corporate masters.”
Why would anyone vote?
—————————–
Hey Wul, good points! Slightly modified…
Trudeau + election win = Canada – Alberta
See Millennials. Math isn’t hard at all.
A Lib majority or minority propped up by the Bloc &/or Greenies. All their seats coming from the east except a 1/2 dozen from Van. Perfect scenario in my books. Looks like one in the chamber. Alberta can pull the trigger.
How about a lifetime cap on the capital gain exemption on personal residences. Maybe one house, (choose wisely) or a $ amount.
#48 black dog
So true my friend
“Nobody under 40 cares about fiscal sustainability”
And if Scheer is elected the Millennials might reply
“Nobody over 40 cares about environmental sustainability”
Fortunately I will be semi-retiring early in about 5 years, so someone else can fund the fools. With my sole proprietorship farm, dividends and savings drawdowns, my income tax owed should drop about 75%.
Better to live more simply, enjoy life, and earn less, than hand over 60% of every marginal dollar to the gubbamint (which is where it will be by then). Also, building too large of a retirement nest egg is just inviting T2 to “share it with those less fortunate than you that decided not to save…”
Every retirement portfolio should include some guns, gold, land and a generator…
#55 WUL on 09.27.19 at 8:34 pm
I’m a Boomer and not proud of the fact that I belong to the most privileged gang that ever lived in this Dominion. Gawd, we had it easy. I’m voting for the youth in this country (having said earlier that voting is pointless a few days ago).
So I look around the world and see the disasters caused by conservative governments from Thatcher and Reagan onward to the current reprobates governing in the US, UK, Ontario and Alberta. They can’t balance budgets, aren’t fiscally responsible and enjoy the misery they cause by imposing austerity and answering their corporate masters.
Why would anyone vote for Scheer?
How you ever made it through las school is beyond me, maybe you should try plying your trade in Cuba, KommyKim
#34 acdel
I have been in the Canadian recycling industry for 25 years and have travelled to a number of Asian countries over the years – I have seen things that truly and sadly are soul crushing in respect to the environment – what we call “recyclables” ie textiles (from Value village, Salvation Army etc) as well as thousands upon multiple thousands of tons of garbage (classified as recyclable plastics rigid and film) not to forget the wonderful world of “electronic” recyclables mountains high of toxic materials being melted in open fires at peoples feet to extract a small quantity of precious metals- well I could go on but let’s just say that we are SCREWED -the world produces SO MUCH sh*t that very quickly ends up in either domestic landfills and/or third world countries much to the detriment of the people there and the environment- one other thing – we hear about climate change and global warming ALL the time – we never hear anything about the acidification of the oceans and believe me THAT is something that is going to wipeout sea life faster than the warming aspect – so while many here keep jawboning on about their house value, ETF’s , rrsp’s , TFSA, new kitchen renos amd such – well lets just say the future ( and rather quickly) is going to make them wonder what on earth they having been SO focused on for SO many years of their lives and how trivial it all has been – stay tuned
Andrew Scheer maid the mistake and threatened the current Mary Jane legalization. On that day he lost some votes and fear spread.
Never ever ever threaten to take away weed or alcohol from the Public. Trudeau side swiped Scheer’s 30yr loan with a higher limit on the Shared Equity debacle. It will be awesome owning a house with big brother from another mother.
Still got three weeks to go. Lets just hope it’s a minority government so all those crazy promises will be hard to implement without requested changes.
Buy a (starter) home for around $1000/month, it will cost you more to rent.
Will take a little effort but you will be able to enjoy a BBQ with your family (and may be even a canoe trip)
https://www.realtor.ca/calculator#v=payment
From several hundreds. a few examples:
https://www.realtor.ca/real-estate/21084350/2-bedroom-single-family-house-4175-22e-rue-laval-ouest-laval
https://www.realtor.ca/real-estate/20556750/2-bedroom-single-family-house-46-7e-avenue-auteuil-laval-others
#55 WUL on 09.27.19 at 8:34 pm
I’m a Boomer and not proud of the fact that I belong to the most privileged gang that ever lived in this Dominion. Gawd, we had it easy. I’m voting for the youth in this country (having said earlier that voting is pointless a few days ago).
So I look around the world and see the disasters caused by conservative governments from Thatcher and Reagan onward to the current reprobates governing in the US, UK, Ontario and Alberta. They can’t balance budgets, aren’t fiscally responsible and enjoy the misery they cause by imposing austerity and answering their corporate masters.
Why would anyone vote for Scheer?
****************
Wasn’t Ford told to keep it quiet during the election? Didn’t both Kenny and Ford cut teachers.
I’m voting for the Youth.
When the boomers were young they forced change.
#64:
Lots of threats that Alberta will separate if Trudeau wins.
Won’t happen. There’s not enough nutbars there. Also, half the population would leave immediately.
Besides, where will Alberta go if they separate? If the US wanted Alberta, they would’ve taken it generations ago.
The main reason Trudeau remains relatively unscathed by scandal is the large media outlets play damage control for him. They run a negative story for two days and then make excuses for him. They ran many stories saying things like he’s not racist, just careless. If Scheer had been photographed in makeup face, he’d already be looking for another job. In any event, even before the blackface incident I predicted on this blog JT would win a majority. He’s locked up too many seats in Quebec and just enough in Toronto to win. It’s not about goodies. I have not heard many people talk about the spending spree.
As for polls, while I can’t cite authors, I believe studies show political polls scew left 3-5%. Righties are less likely to cooperate with a pollster. That’s why Trump isn’t worried about the tight polling in Florida and Michigan.
@IHCTD9
Can’t hear the fuel pump coming on, testing the fuel pump relay and for spark.
“Concessions today. Consequences tomorrow. Things will change when Greta runs the world”
No kidding! It is becoming increasingly hard to imagine how down the road the ants that stuffed their TFSA’s in the summer will not be legislated to share them with the (much more numerous) grasshoppers (who did not) in the fiscal winter that is now assured for our country.
Nihilism aside, if there is nowhere to hide, shall the ants just join the party? If you can’t beat ’em…
#whyliveresponsibly?
#64 AB Boxster on 09.27.19 at 9:15 pm
-No math is not hard, but for you logic clearly is:
https://nationalpost.com/news/canada/why-alberta-separatism-is-the-dumbest-political-movement-in-canada-today
MF
I’m a long time Conservative voter but will not vote for Scheer. In my opinion he’s just another Liberal but worse he is a fake Conservative. He cannot answer any serious question. I will vote for Mad Max.
@#53 Shawn Allen on 09.27.19 at 8:27 pm
Investment Question
Same here. Convenience, all under one roof of Waterhouse. Yes, higher fees…. but the more complicated it becomes, the less incentive I’d have in managing it myself. And I don’t believe in advisors. So this is practically the best path for now.
#40 Millennial Realist on 09.27.19 at 7:24 pm
Wow, such intergenerational hatred being spewed by our Paleo Boomer host. Was it something you ate, Garth? We know how your generation likes to gobble up everything, leaving nothing behind. Try some Rolaids maybe?
Boomer irrelevance begins officially October 22.
Boomers, be part of the change.
Or be run over by it.
**************
You know my kids think millennials are OLD People.
Debt debt and higher taxes. The Mills will regret their political choices. They want a future without waiting or working. It’s already apparent that their job prospects are shrinking. They’ll face capital gains tax on homes wipes out the reason they bought. They’ll net zero their investments when capital gain exemption is go bled up, resulting in no capital gain from investment. Trudeau is going to steal you blind. But that’s what you voted for. How else will Trudeau’s debt and killing of the economies paying the most revenue be paid for?
My minor tirade earlier was slightly over the top. I’m cranky these days.
There is a Conservative politician I’m grateful for. Former SK Premier Brad Wall. He gave us his son, Colter Wall, a real song writing and singing talent.
“Sleeping on the Blacktop”
https://www.youtube.com/watch?v=sI839zz3L8U
The Devil Wears a Suit and Tie
https://www.youtube.com/watch?v=hQec64G2iXo
#52 crowdedelevatorfartz on 09.27.19 at 8:25 pm
@#40 Mill-end-it-all
“Boomers, be part of the change.
Or be run over by it.”
++++
Would that be a Millenial piloted gas powered vehicle or an all plastic, electric, self driving, killer robot Amazon delivery vehicle doing the running over?
Just wanna know who to shake my cane at in the crosswalk…..
*******************************************
OK, that’s funny.
Just read how JT will subsidize campers. Wait until Greta explains to him how much campers love to burn firewood.
I think it is nuts for the Gov’t to put these incentives in to purchase houses. Just keep the taxes in place to curb speculation (the spec tax and empty homes tax in major cities) and simply prohibit foreigners (those without permenant residency) from buying residential properties
anywhere in Canada. Do not reintroduce the BS program of loans to the Gov’t for permanent residencey, which has only increased the number of satellite familes (who many of us are opposed to in principle). Bring in skilled workers on a strict point system in an area our economy needs: no rich dudes buying their way in, placing their kids and grandma at home, all the while sheltering their overseas income (taxed minimally) from the CRA. Then, with these tax measures, just wait while the market adjusts and houses slowly become in line more with local incomes.
The discord in our major cities came about through the huge increases in housing over the past 20 years in the major cities (spurred by Gov’t, foreigners, super cheap loans, etc…). Basic houses in toney Dunbar were going for around 450K in 1998. My salary alone in 1999 was 90K. No problem to purchase, with a partner and with some downpayment. These were the numbers then, which are factual. Now the similar house is 2.5M (another fact). Big problem for the current generation trying to get in.
However, of course, Garth says it is really not so bad as there are about 400 places for around 600K currently…. in Vancouver proper that will get you an old shoebox in the sky at best (500-600 sq feet) and the jump to something better will be another 600K…. good luck….
Why fight it? Leveraging up and buying the most expensive house I can afford seems to be a winning strategy. If the politicians don’t care, people don’t care and the more people are bought in aren’t home owners to big to fail?
Sane Peoples Party
We represent people that are not in debt
We support fiscal responsibility
We will pay for delivering 20 non fiction books to every home in Canada
“Today here are 379 active listings in Greater Van asking $600,000 or less. There are 180 asking five hundred thousand, or less”
Yes, total crap holes that nobody should be paying half a million dollars for… Wake up people… Access to more debt does not equal affordability…
#55 WUL on 09.27.19 at 8:34 pm
I’m a Boomer and not proud of the fact that I belong to the most privileged gang that ever lived in this Dominion. Gawd, we had it easy. I’m voting for the youth in this country (having said earlier that voting is pointless a few days ago).
—————————————–
Wul, I always find it cringeworthy when someone becomes an apologist for things that they had no control over. It smacks of pandering in hopes of acceptance from some other group. Accept your lot in life and own it. To do anything different is embarrassing; it’s like apologizing for race or gender.
DELETED
#51 Ray Skunk
Trudeau has this far from sewn up. Conservative minority if you ask me.
—————————————-
That’s what I’m hoping for.
Then at least Trans-Mountain will get underway in earnest since Scheer won’t be dependent on the support of the NDP (good luck!) or the Greens (come on!).
Conveniently, there will be a ton of Liberals in the house who already claim to support it. And why would they stop doing so just because they sit in opposition?
“Click to enlarge, but why bother?”
Whether or not I agree with you, I still come for the humour! Thanks for the laugh, Garth!
Make Canada great again
https://www.youtube.com/watch?v=DB4z492z2hg
#53 Shawn Allen on 09.27.19 at 8:27 pm
Investment Question
How many of you like to keep all your investments in one place…?
**************************
Investments with Questrade
Banking with TD
I’d like to have it all together but for a DIY investor, Questrade is really hard to beat: buying ETFs is free and selling is $5 per transaction- zero other fees.
If people like Greta and her handlers actually ever get in charge, housing prices will become very cheap, as there will be no economy. We’ll all be cold, starving, sick, and in the dark living in some sort of make shift tent. Or a dilapidated house with no running water or sewer.
Folks, there is no doubt we have to move away from fossil fuels at some point in the future, not because they are warming the planet, which they are, but because the whisky jug is half empty. Sure, the party is going stronger than ever, but the hangover looms.
Interestingly, all of the proper things to do to deal either with climate change or fossil fuel resource exhaustion are pretty much exactly the same. And all the best people are working on them. We probably have a market solution in the works that will be far better than any government mandates.
The solution to climate change is going to be largely nuclear power, but what the heck let’s keep trying solar and wind too, why not? See what works. Even plant some trees. As we get better at all the things, we’ll do more of what works the best. Strangely, these exact solutions are what we need to do as we run out of fossil fuels as well.
The main problem with nuclear power has been that it is not so cheap as was hoped, and the early designs were not as safe as the new designs. About safety, well, a Ford today does not look anything like a Ford from 50 years ago. Neither does a nuclear reactor. And the fact that nuclear power is not cheap has been helped along by how much more efficient pretty much everything is today. Modern LED light bulbs for example use a fraction of the electricity their original incandescent predecessors did. What energy you need to power a computer has dropped by 75% and yet the computer is many times more powerful. Cars are much more efficient. So is your washing machine (not so much the dryer certain heat processes are what they are).
There are some technologies that haven’t really gotten anymore efficient. For example, the microwave oven. But the microwave oven came out of the gate being vastly more efficient than a toaster oven for certain tasks.
Children like Greta need to stop lecturing the adults. Or more specifically her handlers need to stop manipulating her into doing so. Sure, the older generations have not found a prefect solution to all the problems just yet but we have been working on it. The ozone layer was saved, the whales were saved, life expectancy went up, many once terminal diseases and infections are now easily treatable, education and literacy went up, life expectancy went up, starvation and food insecurity went down, access to fresh drinking water went up, they took lead out of gasoline and got rid of most of the smog, computers and cars came along, and also the internet so Greta could find a way to send out her vitriolic statements about her predecessors rather than having died from polio or the plague. I actually feel kind of bad modern technology saved her. But it is not her fault. She has abusive parents and handlers.
Folks, we only have 2 ways forward from here. Back to the bronze age, or push forward with new technologies. A manipulated child crying and screaming about it won’t change anything.
#22 GBiddy on 09.27.19 at 6:19 pm
OK Hayek, try reading some Polanyi.
59 Westcdn on 09.27.19 at 8:50 pm
Instincts tell me going after CO2 emissions as the sole issue causing climate change is wrong.
*********
‘Instincts’ tell you that physics is wrong? We are truly screwed.
#16 Ustabe on 09.27.19 at 5:40 pm
Singh just proposed a $5,000 renter’s subsidy.
That subsidy will only increase the price of rentals for other/all renters as the increase in minimum wage hit all people with the spiking inflation.
It is called ‘equal distribution of the remaining/ever shrinking/ food to all sheeple in the farm. Take from one and give to another.
Farm owners should be really proud of their managers.
The max profit extraction aka the culling of the herd continues unabated.
Agreed. Sheer’s campaign has been a disaster. I have not heard any bold ideas – he cannot rely on just calling J2 a weak leader — I hope he wakes up ! Tax Credits are not compelling. He will be gone. The worst that can happen is a PC minority or Liberal Minority because J2 will be PM regardless and spending & borrowing will be through the roof.
No political party left, right or in between will promote our best interest. The lack of vision and leadership in Canada is real, our system of governance is fractured and dysfunctional. Political and economic fairy tales abound.
#98 Longterm on 09.28.19 at 2:39 am
Instincts’ tell you that physics is wrong? We are truly screwed.
_——————————-
If you think that the climate change scam is based on physics, then the world is truly screwed. It’s more a phenomenon of mass hysteria, but certainly not physics.
Perhaps none of the leaders or their promises excite us. Therefore better the devil you do know….
Don’t worry folks..
The bill will never be paid and a sovereign debt crisis is assured.
When?
Who cares
Yes we will all pay somehow after that, but it is every person for himself now….
Shrink the expenditures
Live simple
Have a year’s cash (or cash alternative) on hand
Socialists roll out MMT sovereign debt is forgiven
The world shakes, Depression happens
People starve, life gets simple, neighbors help neighbors
No boats, no ferraris, no Rv’s, No trips. No facelifts, No butt expansions, no khardashians (Yeah).
10 years later your kids and grandkids start anew….
Wash, rinse, repeat
Socialism is dying and this election shows clearly that governments are losing control. Goodies for all is all that is left.
It’s all inevitable
so relax
live your life
Let Greta figure it out..
Since she is new messiah this week.
#83 Oh Canada I Weep for you on 09.27
Probably another miserable troll but meh.
Please post an example of a millennial politician that jacked up debt levels or raised taxes?
I’ll wait.
MF
80 Sam on 09.27.19 at 10:49
Hey “Sam” you are aware that the PPC vote is a throwaway vote which equates to two for the Libs right?
You are aware the entire party is based on one guy’s hurt feelings and nothing more right?
Of course you are.
MF
One thing about Greta and her hoarde of slobbering zombies get into power and they will.
All you non-believers are gonna be their target…
The look on that girl’s face when she admonished the UN should frighten you..
Because once an angry person or people like that get power….
They eventually start looking elsewhere for enemies.
Non-believers become targets.
Simply look at how Climate deniers are treated.
There is no civilized sharing of thoughts.
Only vitriol.
Soon it’ll be non-liberals.
We’ve seen it before
We clearly are going to see it again…
When this hoarde of slobbering zombies comes looking
We all have targets on our backs.
The road to hell is paved with good intentions..
It’s not that people can stomach corruption – it’s the lack of alternatives. As a fiscal conservative I would have voted for the Cons but I can’t put my support behind a party that harbours members that want to take rights away from women. They also have an extremely regressive agenda when it comes to climate change. My small town and the towns around us are dealing with historic flooding. Cons are out of touch.
Curious – what rights are Conservatives going to take away from women? I see nothing in the platform regarding that. – Garth
DELETED
Dang WUL beat me to it in his Spot-On post #55
He’s also correct about the odd Con with a conscience like Quebec MP Heward Graffety back the ’60s and ON MPP John O’Toole, however, they’re as scarce as hen’s teeth.
My vote this time goes to my brown lady MP IN QC.
Well, a least our situation is a lot better than the circus in the USA.
#20 Slim
Trudeau should be ashamed of this sad state of affairs.
——————————————————————–
Justin Trudeau does not have the capacity to feel ashamed. He is a sociopathic, power hungry, conniving weasel. He is a classic, cold hearted narcissist. He is a dangerous person. A liar. A fake. A poser. A shallow straw man.
Below are the most common traits found in people with narcissistic personality disorder:
An insatiable appetite for the attention of others
An expectation of special treatment
Exaggerating achievements, talents, and importance
Extreme sensitivity and a tendency to be easily hurt and to feel rejected with little provocation
Difficulty maintaining healthful relationships
Fantasizing about their own intelligence, success, power, and appearance
An ability to take advantage of others to achieve a goal, without regret or conscience
A lack empathy, or ability to understand and share the feelings of others, and a tendency to disregard others’ feelings
A belief that only certain people can understand their uniqueness
A tendency to consider themselves as skilled in romance
Responding to criticism with anger, humiliation, and shame
Seeking out praise and positive reinforcement from others
An expectation that others will agree with them and go along with what they want
Whatever they crave or yearn for must be “the best”
Unfortunately, Canadians are easily taken in by such individuals. We love our politically correct pseudo liberals.
#96 Nonplused
A manipulated child crying and screaming about it won’t change anything.
——————————————————————–
No, but she sure makes a great posterchild for the lunatic fringe!
RE: Generation Life’s Not Fair.
But, alas, it’s a losing battle. – Garth
——————
Of course it is Garth.
The moisters are a generation fed a constant line of ‘everyone is equal’ and ‘do what you love in life’ and ‘everyone gets a prize’ no matter how mediocre they are.
And when the world somehow turns out to be unfair (well paying jobs are scarce, pensions don’t exist, a lesbian dance theory degree is useless) all they can do is roll over and whine and blame those that they think are the guilty.
But of course they don’t blame their parents, who praised them effusively for every pathetic success, or their teachers, who drilled into them that capitalism is bad, conservative thought is alt-right, or that the world is an environmental disaster on the imminent brink of collapse, or that equity and fairness in all things is the greatest goal to strive for above all.
And when they cannot find really well paying jobs in Canada, they rail against society and the past generations.
The fact that they themselves have and are killing massive numbers of high paying jobs in resource industry (oil and gas, mining, forestry) does not seem to register.
How dare someone not pay me for my advanced degree in Philosophy!
The hypocrisy of these generations is monumental.
Hundreds of thousands marching for ‘climate change’.
Yet they are the most pampered generation ever.
Every one of them has a smartphone and a tablet and a laptop. Probably the newest ones because its only fair don’t you know.
Every one of them goes to school in air conditioned schools magically heated in the winter.
The majority of them are delivered to school in either air conditioned buses or gas guzzling monsters.
So hundreds of thousands march for Greta, when hundreds of millions in the world live in shithole conditions, with no life opportunities at all.
Conditions that can only be improve through access to energy and all the benefits it brings.
Why aren’t they marching to demand energy supply to all those in the world that have basically nothing.
Basic energy, so that they can have some of the opportunities that youth Canada feel they are entitled to. You know. Luxuries like going to school.
Oh. I, but guess they do that when they have their annual 12 hour school ‘fast’ to support the poor.
How progressive of them.
And all these woke students, and their ‘progressive’ teachers, then go home to their warm, comfy, fossil fuel heated homes, driving in their fossil fuel powered vehicles which were made with fossil fuels, to all the amazing amenities of life made possible by fossil fuel and the amazing products is creates, firm in their belief that the world is unfair and that we must stop using all fossil fuels.
How could you believe that such an entitled generation would not respond positively to free handouts for their ever valued ‘stuff’, or to make the world more ‘equal’ , or to allow them to buy the same house today, that took their parents 35 years to afford.
It’s only fair.
#53 Shawn Allen on 09.27.19 at 8:27 pm
Investment Question
How many of you like to keep all your investments in one place such as with your big 5 bank?
I have always liked to keep things in one place.
///////////
Same same
#40 Millennial Realist
Boomer irrelevance begins officially October 22.
—————————————————————–
We’ve actually been irrelevant for a long time.
Nevertheless, we still own you, and will continue to do so for quite some time.
Longevity’s a bitch.
@ #22
Not for this one.
CB and gubbmint market meddling resulted in the fiscal quagmire we now find ourselves in. Makes people soooo easy to manipulate, divide and conquer and all that.
There is no substitute for owning cash or cash equivalents. None. As Garth often says, sinking your wealth into a single asset is very risky and delays the accumulation of enough liquid for financial independence by years, if not decades. Perhaps forever.
Taking on risk is not as it was a few decades ago. Risk is riskier now and the consequences more impactful.
So glad I took a hard look at the way things seemed to be headed back in the early ’90s and adopted a very critical eye when it comes to government gyrations.
If the Liberals get a majority, or worse, the Liberals get a minority propped up by the NDP or Greens, I don’t want any of you millennials complaining about taxes, deficits, and debt ever again.
You will reap what you have sown.
#96 Nonplused on 09.28.19 at 1:53 am
The solution to climate change is going to be largely nuclear power, but what the heck let’s keep trying solar and wind too, why not?
—
Solar and wind is their idea and they now it wont cut it in their “12yrs before climatocalipse” time frame, so they are growing bit wrestles. They know its all about energy density, and storage of unused energy, neather solar or wind offer that.
Batteries can eliviete that problem to some degree, but batteries comes price of pollution of manufacturing and recycling them.
So far only thing that i sow that looks promising in battery technologies is molten something battery and maybe molten salt as a thermal storage.
If i know all this i am sure that gov consolidated smarter people than me and got real assessment.
anyways, Interesting Read
What would happen to the climate if we were to stop emitting carbon dioxide today, right now? Would we return to the climate of our elders?
The simple answer is no. Once we release the carbon dioxide stored in the fossil fuels we burn, it accumulates in and moves among the atmosphere, the oceans, the land and the plants and animals of the biosphere. The released carbon dioxide will remain in the atmosphere for thousands of years. Only after many millennia will it return to rocks, for example, through the formation of calcium carbonate – limestone – as marine organisms’ shells settle to the bottom of the ocean. But on time spans relevant to humans, once released the carbon dioxide is in our environment essentially forever. It does not go away, unless we, ourselves, remove it.
In order to stop the accumulation of heat, we would have to eliminate not just carbon dioxide emissions, but all greenhouse gases, such as methane and nitrous oxide. We’d also need to reverse deforestation and other land uses that affect the Earth’s energy balance (the difference between incoming energy from the sun and what’s returned to space). We would have to radically change our agriculture. If we did this, it would eliminate additional planetary warming, and limit the rise of air temperature. Such a cessation of warming is not possible.
So if we stop emitting carbon dioxide from burning fossil fuels today, it’s not the end of the story for global warming. There’s a delay in air-temperature increase as the atmosphere catches up with all the heat that the Earth has accumulated. After maybe 40 more years, scientists hypothesize the climate will stabilize at a temperature higher than what was normal for previous generations.
http://theconversation.com/if-we-stopped-emitting-greenhouse-gases-right-now-would-we-stop-climate-change-78882
—
And here is Bonus Read those that dont get trigered when someone doesnt disagree with their “scientific” opinion, and start calling people ignorant and stupid in capital letters…
The researchers’ work contradicts a scientific consensus that the global temperature would remain constant or decline if emissions were suddenly cut to zero. But previous research did not account for a gradual reduction in the oceans’ ability to absorb heat from the atmosphere, particularly the polar oceans, Frölicher said. Although carbon dioxide steadily dissipates, Frölicher and his co-authors were able to see that the oceans that remove heat from the atmosphere gradually take up less. Eventually, the residual heat offsets the cooling that occurred due to dwindling amounts of carbon dioxide.
https://www.princeton.edu/news/2013/11/24/even-if-emissions-stop-carbon-dioxide-could-warm-earth-centuries
paper
https://cmi.princeton.edu/sites/default/files/research/pdfs/froelicher_ncc13.pdf
#114 AB Boxster on 09.28.19 at 9:29
Lol just lol.
I wonder what the silent generation thought about the young hippie boomers wearing bell bottoms and flowers in their hair complaining about “the man”.
Your rant was pathetic. Well almost as pathetic as your
hilarious Alberta post earlier.
It’s called stereotyping. Or generalizing. Your good
At it.
MF
@#84 WUL on 09.27.19 at 11:22 pm
My minor tirade earlier was slightly over the top. I’m cranky these days.
//////////////////////////////////////////
don’t apologize, you’re among friends here.
curmudgeons unite!
There was a time in the past that actually looked at joining the RCMP or the Military. The Military option was the best because was made an Officer with great pay, the choice of career path, and increase in rank was guaranteed based on a time schedule. I turned both down, because could be relocated often, and leaving Toronto was not in the cards for me.
I ran into a fellow who’s eagerly looking forward to the next climate strike – apparently he made a killing selling drink-box-water-bottle-sorta-things to the parched marchers
#36 – exactly right, these are boomer giveaways. Keep markets inflated, protect property values for the generation that holds most of the RE equity in this country, and is mostly immune from the taxes that will come to high income earners.
Big losers in all if this are high income earning renters. Expect taxes and rents to go up.
#144 AB Boxster
Excellent post, in fact I can see a time in the not to distant future where the “Farmers Almanac” will be banned.
The Millennial Realist guy doesn’t even understand that the boomers are not going to get run over, the Libs policies very much are target them. Mils are getting played.
It’s Mils that are hitting their high income earning years over the next decade that are going to pay for all these programs. Support the CCB at 33 making 75k with kids? I bet you do. When those kids are means tested out of the program and you are making 150k, paying an effective tax rate of 50 percent, the housing market has finally crashed and you took a 500k hit on the over priced house you bough from a boomer (who cashed out tax free and is living out the string paying very little tax).
A true mil friendly platform would target current home owners. Cap gains tax on RE, heavy investment into rentals/inventory, increased tax on dividend income, major changes to dividend income, means testing OAS, etc. I am NOT advocating for these things but notice how none of this is on the table?
Boomers are still driving policy, they have learned how to position it to make it seems like Mils will be the net beneficiaries. You are being played.
Just for the record, a lot of us Older Canadians, had to face some difficult periods, in life not unlike the Millenials, today… I can recall, being right sized, or downsized, as early as the 1980’s…I think many folks, here will remember the low points, out West in 1982-1984, many summarily let go, or laid off, in the West in Canada, at that time… My first home was a fixer upper… I was so happy to secure a 15% Mortgage, … consider that hurdle, if you are a first time home owner… So for even us older folks, there have been a lot of struggles, as well…. I recently, moved to a rural area, to save some of my Accumulated savings, to be able to purchase a less expensive home… One thing I noted in the Transition, is that a lot of folks, in the Rural communities, are being left behind… They are great and friendly people, but the Rural areas, are being affected by the lack of investment, and the downturn in the Resource Industries…. It all seems, quite self defeating for me…. why policies, to restrict growth, and opportunities, when we are such a small population. We need realism, and common sense, and we aren’t getting it, and that is worrisome… I will try the Conservatives, at least they have some promise, of fiscal responsibility.
29 network – thank you for the vid.
Anyone from the left coast remember “SPEC” the Society for Pollution and Environmental Controls? I’m a boomer and a friends parent was a member. This would be 1970ish, maybe even late 60s. So that’s basically 3
generations before grouchy Greta. I googled it and got one hit for a similarly named organization of the time.
Amazing how it just all seems to re-appear decades later.
96 Nonplused – thanks for your continued comments.
Until the Conservatives coalesce around a strong Thatcherite leader and figure out how to get that leader elected (that’s the tricky part, it would almost certainly requires some sort of national crisis, which means it’s a matter of waiting for the opportunity rather than anything the party can control) we can expect a continuation of mediocrity.
A Conservative Party leader that had the WUlLs, Ustabes and other assorted “whets” quivering under the table along with the young ‘uns, would forcibly wean Canadians off the government teat. Don’t think it can’t happen. We are one of the few countries, along with the UK and US, to stick with the first past the post system. A party doesn’t need a majority the votes to win a majority government. An efficiently distributed 37% would do it. Chretien won majorities with as little as 37%. Trudeau and Harper with 39%. In a FPTP system, it all depends on time and chance, where the right leader meets the right crisis.
It’s all very DEPRESSING………..sigh
#107 expat the question to ask is WHY our elite rulers need us believing in Climate Change.
It’s not like they care for our well being nor have any compunction about changing things globally via co-ordinated effort overnight.
Do you remember the day you woke up and all liquids on planes were banned, causing chaos? Every country, overnight. Everywhere. Like that. No debate, no vote. It’s not as if 50 years of airline security experts never considererd people sneaking in nasty stuff in a shampoo bottle, did they? Nope it was about global control.
I Ask again, why is it of such importance we all believe?
When they already hold total absolute power over us.
Their A.I could tell you what did 2 years ago to the second, who was around you, and so on.
Total informational awarenes and full spectrum domaination. Except..the last frontier is our minds.
Which is why Frontman Elon Musk is selling their mind-to-computer hookup. He’s cool right? Right?
Its all a numbers game. SNC will actually play in T2 favor as it was all about protecting Quebec.
Scheer cant win- with Doug Ford waging war on pretty much everyfront with almost anyone Scheer cant win ontario- no one is voting glfor him here in Ontario after seeing what Dougie did in one short year….
I do have a feeling more dirt is going to come out about T2 in the near future though….. i find it extremely odd that the blackface scandal just broke now after all the times he has run for election as an MP in the past. Why is this breaking now? No idea what it will be but one thing i do know is a lot of these trust fund kids have partied hard and lived fast and loose at some point ( i used to hang with this crowd once upon a time)
Hey Ex Disciple, your yellow posts explained.
When this weblog’s admin posts it’s in yellow.
You run a WordPress blog right, and are its admin?
Ergo you are flagged/marked as an admin – maybe if you are still logged in.
You are on a list alright but not the one you think, I think lol
With the lines of people holding wheelbarrows of cheap money, I might just think about selling the old mansion. At an inflated but fair price I say. I wonder how much I need to get to live in a Halifax waterfront apartment for the next 25 years.
@#126;Mattl, exactly right. Why do mills think boomers all want to keep them out of the housing market? The opposite is the truth. The more mills buying houses, the higher the price boomers get when they cash out. The more money the government fronts to get mills into the housing market (or longer amorts, or bigger mortgages and higher debt loads), the less money their boomer parents will have to cough up to help them.
The mills are having shiny trinkets and flashy baubles dangled in front of them by both the main parties, but their parents are the ones who will benefit, while the mills will be stuck with the bill. Some mills will ultimately realize nice inheritances from all that inflated property. But others… let’s just say I see a lot of boomers really enjoying their retirement.
So kids, vote for more “help” if you must, but remember who’s going to be around to foot the bill. Some of you may be staking your future on MMT rescuing you with free money for all. Just know that such promises have been around forever; every generation has had its MMT proponents under different names. Even conservatives have been taken by its siren call, like Social Credit in the 1930s and 40s. Then there was Paul Hellyer’s Canada Action Party in the 90s. The idea the government can print all the money it needs is as old as government itself. I wouldn’t count on it.
#132 Toronto1
these trust fund kids have partied hard and lived fast and loose at some point.
Bang on true. My wife grew up pretty much next door to the Trudeau mansion. Lets just say that if ANY of the stuff Justin did as a young man gets out ……… wow! Lets just say that he was a “submissive.” I could be wrong and this doesn’t matter today ball gag pictures may just get him more votes!
@#100 Mr Canada
“Sheer’s campaign has been a disaster. I have not heard any bold ideas – he cannot rely on just calling J2 a weak leader.”
++++
Agreed.
In the age of 10 second video snippets for the voting vidiots……
Scheer’s “campaign” has had all the zing, energy and memorable ideas of an overused dishrag.
Just the fact that after Trudeau’s
“Bollywood” Mr Dressup excursion debacle.
SNC Jody Wilson Raybould debacle.
And his “Brownface” Mr Dressup part deux debacle…..
He’s STILL neck and neck with Andrew Who?
Aint gettin the job done and he better crank it up about 3 notches if he wants the keys to 24 Sussex this Fall.
#40 Millennial Realist
Have a look at what’s coming up behind you. Generation Z aka IG. Very different from your demographic behaviour.
Prepare to be run over.
The problem with more government spending is that everybody thinks someone else will pay for it. In reality we all pay for it with higher taxes. Call it Supidnomics!
#64 AB Boxster on 09.27.19 at 9:15 pm
Trudeau + election win = Canada – Alberta
See Millennials. Math isn’t hard at all.
_ _ _
Landlocked Independent Alberta = No oil exports forced on neighbouring ports.
since no one cares or seems to listen …>anger is the response!
..” lie on the label to get plastics in
he admits kickbacks from other companies to take plastic from canada watch more
get angry!
upriver look what is happening international rubbish bin check out the film on the river ejected upriver
get angry
Where does your recycling really end up?
Marketplace producers go undercover overseas and pose as recycling brokers to expose the lucrative plastic waste business. We reveal that companies are willing to break the law to buy Canadian plastic and show how some of it is dumped and burned in illegal landfills, where the toxic fumes and run-off is making people sick. Back in Canada, we buy nine tonnes of plastic and secretly track where big companies are taking it. Will it actually get recycled?
Marketplace producers go undercover overseas and pose as recycling brokers to expose the lucrative plastic waste business. We reveal that companies are willing to break the law to buy Canadian plastic and show how some of it is dumped and burned in illegal landfills, where the toxic fumes and run-off is making people sick. Back in Canada, we buy nine tonnes of plastic and secretly track where big companies are taking it.
138 I’m A Believer on 09.28.19
-You do realize that poster is just a troll right?
I guess not. Doesn’t matter.
I work with lots of Gen Z. Virtually the same as we millennials, so this is a good time to explain what a troll does for your education.
A troll: revels in the fun of posting provocative and inflammatory material on online forums to get a rise out of it’s members. Often the troll gets other members to slip and say things in response that they would not normally say. The troll’s aim is actually to damage forums and their members reputation.
Read that definition and read your post at 138. Report
Back to us your thoughts.
MF
So much rage from middle aged “or better” white men against one Scandinavian teenage girl. It would be funny if it weren’t so scary.
#140 AGuyInVancouver on 09.28.19 at 1:49 pm
Landlocked Independent Alberta = No oil exports forced on neighbouring ports.
——————————————-
LOL.
You just keep shipping that coal to China, increasing those cruise ships out of Victoria, and oil tankers from Alaska to the US.
That will surely save them beloved Orcas.
#143 MaxBerniersShorts. Interesting point.
There’s two type of people:
– Those which become mad when lied to.
– And those which become mad when told the truth.
Or, that the people leading us are just swell folks looking out for us. Or, they are the most evil people imaginable.
Let’s ask the 8-figures of dead human beings littered over the battle fields and cities (cough Syria) over the past 100 years. Hardly knew em.
#71 Doug t
It is truly sickening! CBC market place did an excellent job at truly identifying what is really going on in the so called recycling industry. Only 9% of plastic are actually recycled the rest just ends up in our dumps, burned or illegally shipped to those poor people in third world countries.
Laws need to be made that manufactures should be responsible for the plastic they create; Christ, when I was a child we never had all that and survived perfectly well. We have the technology now to create much better products that do not fill us with tiny plastic products. It’s ludacris; in ten years time hospitals will be filled with ailments caused by this.
I support oil/gas industry just for the fact that we need the money to create these new industries; taxing us more is not an option for most of us; taxing the plastic container (I know a subsidiary of oil) industry is a start but the taxes need to go industries, people who actually make a difference not just stock holders; it is completely defeating the purpose. Sadly it will never happen; greed will always win!!
This is a question for Shawn Allen.
A wife’s husband leaves her and they divorce. Both 65 years old. She has never worked so her only income is OAS of $607.46. He leaves her with $300,000 cash plus a paid off condo valued at $200,000. She has no other income so she qualifies for the maximum GIS of $907.30. She comes to you for advice on how to invest the $300,000 in such a way that it does not result in clawback to her GIS since you understand that for every 2 dollars of income, the GIS is reduced by $1.00 (50% tax). The GIS as you know is tax free and is not considered as income, only the OAS. What advice would you have for her in investing this $300,000.
RE: “Things will change when Greta runs the world.”
Greta is a high school drop out with the equivalent of a Grade nine education.
So, yeah, based on our current methods for choosing world leaders, she would more than qualify.
@#147 Ronaldo
You may want to look at this document on “Maximizing GIS” for low-income Canadians (or for people who came to Canada as adults): https://openpolicyontario.s3.amazonaws.com/uploads/2019/04/Low-Income_Maximizing-GIS_-Determining-OAS-and-GIS-booklet_April-2019_FINAL_web.pdf
or the accompanying website: https://openpolicyontario.com/retiring-on-a-low-income-3/
Curious – what rights are Conservatives going to take away from women? I see nothing in the platform regarding that. – Garth
Fair question, Garth – it’s definitely not in the platform, but the perception is that there are a hefty number of Cons in the background that are anti-abortion and anti-LGBTQ — I don’t trust Sheer’s ability to hold the line on these issues in the future (and I’m not alone among middle ground voters). It’s a stink this party won’t shed easily for voters. Every speech Sheer gives to these folks and every verbal concession… it adds up.
The reality is abortion or gay marriage will never again come to a vote in the House of Commons. Those issues are over and done with. Vote on facts. – Garth