Rights & wrongs

Some days ago Dominique Walker, 34, and Sameerah Karim, 41, and their kids broke into a three-bedroom suburban home in Oakland, California. Actually they moved in. Squatters.

The two have founded an ad hoc group called Moms for Housing. The goal is poetic and just, if illegal: “a collective of homeless and marginally housed mothers with the ultimate goal of reclaiming housing for the community from speculators and profiteers.” As Karim told a media conference, “Why should anyone—especially children—sleep on the street while perfectly good homes sit empty?”

The context: the property is owned by a company which buys distressed and foreclosed homes, repairs and flips them, or waits for market conditions to improve before selling. It’s a business. Greg Geiser runs the real estate investment outfit called Wedgewood.

Also for context: the average home in the area sells for about $925,000 (US) and the median income is $65,000. Like Vancouver or the GTA. Local rents are $2,500 for a one-bedder. Similar to Toronto or Van. Oakland real estate has been propelled higher in recent years by the massive proliferation of tech giants in the regions. One of the most expensive markets in America.

Needless to say, the Moms have support. There was a community march for the cause on the weekend. Unknown is if the women will be ejected. But it’s unlikely.

So what does this mean?

As you know, Vancouver now taxes homes the city thinks aren’t utilized enough. They don’t need to be empty or abandoned. Just vacant for a few months at a time. The province also taxes people with second places, even though all property taxes are paid. Toronto is actively considering the same ‘empty homes’ tax.

This month Vancouver expropriated two seedy downtown hotels owned by the Sahota family, occupied by low-income folks. The properties are worth millions. The city gave $1. The justification was the owners’ refusal to conform to municipal standards. The same politicians are changing zoning regs to allow four-storey rental apartment buildings to go up in hoods now devoted to single-family homes. The impact on local valuations could be significant. The justification: the market has not created enough low-cost or rental housing.

Do people have a right to housing, that government must respect? Are these actions therefore justified even when they penalize property owners or arbitrarily change rules? Should we expect more to come?

Here’s what the United Nations says: “The human right to adequate housing is more than just four walls and a roof. It is the right of every woman, man, youth and child to gain and sustain a safe and secure home and community in which to live in peace and dignity.”

That’s sweeping. The UN goes further still. All people have a right to “security of tenure” which means no forced eviction. The cost of housing should “not threaten or compromise” the ability to finance other aspects of life. Plus, housing must be well-located to jobs, healthcare and schools and include access to services and transportation.

Five months ago Canada signed onto this philosophy as the T2 government passed Bill C-97. It reads: “It is declared to be the housing policy of the Government of Canada to recognize that the right to adequate housing is a fundamental human right affirmed in international law; and to recognize that housing is essential to the inherent dignity and well-being of the person and to building sustainable and inclusive communities.”

It’s the first time in history our country has legally recognized an explicit right to housing. Canada is now one of the few places on the planet where politicians have done so. The implications are unknown, since it will be up to the courts to interpret and enforce this newly-minted right. But we know this: there are two new agencies being set up. The National Housing Council will advise on policy and the Federal Housing Advocate will delve into factors impacting housing conditions. The first report comes in four months.

A big deal?

Probably, given the political creep taking place, eroding the historic rights of property owners. From rent controls to empty-house taxes to expropriation and zoning bombs, the actions of governments are growing – a response to the big-city affordability crisis. The wealth gap’s obvious symbol is real estate. Now that every citizen has the right to affordable, convenient housing, expect a lot more activism. Look at the promises made in the last election campaign.

Ironically, politicians have rendered property harder to get and housing less affordable to own or rent. But they’re responding to the demands of a society which has glorified real estate and made its ownership into a cult. It’s a recipe for conflict. More tax. More intrusion.

So, Moms for Homes may be just Mr. Geiser’s problem now. Until it’s yours.

157 comments ↓

#1 crowdedelevatorfartz on 11.24.19 at 10:30 am

Early today.
Interesting topic.
The Sahotas are the worst of the worst as far as “landlords” go but when we see landlords using “renovitions” to kick long term tenants to the street to “renovate” and then re rent for much higher prices…..voters will not be amused.
It doesnt matter how much money a developer shovels into the back pocket of a candidates election campaign…..
Angry voters that have been booted to the curb have long memories and politicians have the spines of jellyfish come election time.

I fully expect “expropriation without compensation” to start mushrooming everywhere…. with help from the cheering internet socialistas.
Its pretty hard to argue when there are people freezing in the streets and houses/condos sit empty for months or year because someone doesnt want the hassle of renting.
That being said.
It might make the socialist crowd wake up when they realize their property is devalued…but I doubt it.
Reminds me of the Arabian Fable of the Camel and the tent…..

https://kathakids.com/folktales-funny-stories-the-arab-and-the-camel-f753d665614e

I wonder when a “Vacancy Commisar” will start demanding single home owners must allow homeless to stay in their extra bedrooms……..
“All Hail Trudeau! Eradicator of the homeless problem!”

#2 VicPaul on 11.24.19 at 10:40 am

First, they came for the land-owners….
(see what I did there…HeHe)
M56BC

#3 GrumpyPanda on 11.24.19 at 10:55 am

Proceeds of Crime Legislation was supposed to allow seizure and sale of property obtained by ill gotten gains. I haven’t seen widespread reporting of such sales. Everyone agrees on the value of charity until it is time to write a cheque. Witness the droves of angry people wanting to prove Don Cherry wrong who lined up to buy poppies.

#4 joblo on 11.24.19 at 10:59 am

Can’t wait Grey Cup 107 is gonna be EPIC!

#5 GrumpyPanda on 11.24.19 at 11:00 am

Sorry. I should have said donated to obtain a poppy. Old guys sometimes choose the wrong words.

#6 PetertheSeparatistfromCalgary on 11.24.19 at 11:07 am

Crazy socialist nonsense like this is spreading to Canada’s government. This is just one more reason Alberta needs to free itself from the Government of Canada.

#7 BlogDog123 on 11.24.19 at 11:07 am

“The human right to adequate housing is more than just four walls and a roof. It is the right of every woman, man, youth and child to gain and sustain a safe and secure home and community in which to live in peace and dignity.”

Dignity, etc. in the declarations, what about “shared accommodation housing”?.

Back when I was young and fresh outta school, I thought nothing wrong with finding a roommate, split the rent/utilities.

Nowadays does anybody have roommates or shared living arrangments?

What about being packed into public housing with folks who like to smoke in bed (several recent Toronto apt fires), invite seedy druggies to visit/move in (just read SueAnn Levy’s horror stories of TCHC) Is that dignified housing, why is that still going on?

I think we need to be careful and be open-minded about what security of housing means.

#8 Technician on 11.24.19 at 11:09 am

Excellent article.

It has happened many times in history in the past. It is the reason that the “welfare state” was instituted long ago.

Prior to that it was “knowing your place” in society where the major land owners would take care of you if you were impoverished and part of their clan.

Prior to that it was rape pillage and burn to take what you needed.

So now the “social assistance” is only enough to starve on, you cannot buy food and shelter with it, no matter where you live in Canada.

So having said that you can logically expect more intervention by each level of government because people will eventually take what they need with or without government help.

#9 TW on 11.24.19 at 11:10 am

Property rights, unless you want to AirBnB. Got it.

Airbnb is the commercialization of residential real estate. You have no right to do that without regulation. – Garth

#10 Flop... on 11.24.19 at 11:10 am

So I guess I’ve got a question or two on this.

As we move into the colder weather, I still see on the news that some people would prefer to take their chances this winter surviving in a tent.

As with some of the guys at Oppenheimer Park, I saw one settlement in Surrey last night where they didn’t want to move to social housing as they said it was too rough and would prefer their tents.

Just because you are homeless doesn’t mean you are jobless, but am I right to guess that this housing is close to 100% paid by the taxpayers?

What do these guys want ultimately?

A 750sq ft brand new condo be sufficient?

Housing is a mess in Vancouver, with people paying high percentages of income to not only provide shelter, but also seemingly just as important, to keep up appearances.

Where I am working in Shaughnessy at the moment in a mansion, only has one occupant.

The house next door, the same, probably 15,000sq ft between two people but that’s no one’s business if they own it.

I see the two extremes, and ultimately don’t want to see anyone on the streets, but if you bought real estate, even before the prices got crazy, you should be able to do what you want with it.

Renting and owning both comes with risks but people should be free to choose which scenario is best for them with as little as outside interference as possible…

M45BC

#11 leebow on 11.24.19 at 11:14 am

If implemented, many people will never find a “a safe and secure home and community”. The government has to change the tenancy rules, to make evictions faster and provide guarantees. Otherwise, landlords will reject even more application.

In my personal experience, some money isn’t worth taking. Anything at all wrong with the credit report is a no go. Always a sign of personal issues. They will tell you in advance. And the explanatory stories can be breathtaking, like a good work of fiction.

The story will include one or more of the following:
Overcoming a Monster (I went through a *really* bad divorce), Voyage and Return (I went to Toronto for a couple of years but couldn’t find a job), The Quest (I just need to find a new roofing crew), Tragedy (I have COPD – while reeking of cigarettes), Comedy (I will be late with payments sometimes, only by a day or two). Thank them for the great story, and deny.

The government will have to guarantee rents and damages. Otherwise, it will be another right with no realization mechanism. Landlords will raise prices and/or shut down.

#12 AGuyInVancouver on 11.24.19 at 11:43 am

You should read up on the Sahotas Garth before demeaning yourself by leaping to their defenders. They’re the worst kind of slumlord preying on the disadvantaged.

The City of Vancouver did offer them millions but they refused to sell. Given that the buildings were so poorly maintained they could collapse into the street, the city was fully justified in expropriating them.

I offered no defence. Learn to read. – Garth

#13 the Jaguar on 11.24.19 at 11:44 am

Isn’t societal complacency the root of all this evil? If we don’t pay attention, speak up, and turn away from difficult issues or conversations we let others do the thinking and doing for us and we get the government we deserve. As previously dispatched, “Mr. Reality” will do our negotiating for us and we can go back to watching NASCAR, drinking in Pepsi and Internet garbage and eating cheese doodles. We’ll be blissfully unaware of civilization unraveling before us because the bought and sold media won’t be reporting on any of it.
Oh me, what to do? Maybe a dozen or so of us like-minded citizens could pile into Fishman’s 1971 armour plated Cadillac Eldorado Coupe and expropriate our own island somewhere. It’s worked for several tin pot dictators in the past and now Mr. Socks has enshrined the practice into law. One word of caution though….no leaf blowers will be allowed on the new territory.

#14 Ponzius Pilatus on 11.24.19 at 11:58 am

Me thinks.
This universal right to safe and affordable shelter should be extended to include dogs.

#15 Steve on 11.24.19 at 11:59 am

Can someone explain how the bc assessment Corp values the buildings at 3.2 million and the city says it’s negative.
Seems to me that the owners were getting screwed on the property tax over the years.

Seems like the city is going to be sued

#16 crowdedelevatorfartz on 11.24.19 at 12:00 pm

@#14 The Jag
“and we can go back to watching NASCAR, drinking in Pepsi and Internet garbage and eating cheese doodles. We’ll be blissfully unaware of civilization unraveling before us because the bought and sold media won’t be reporting on any of it.”
++++

I’m Shocked, SHOCKED! that you didnt mention the Grey Cup instead of NASCAR…..whats become of our society when the Jag has forgotten his Canadian roots…..
We’re doomed.
Hand me some more cheese doodles

#17 Dogman01 on 11.24.19 at 12:07 pm

The Camel’s nose….a classic.

“It is the humble petition of the camel, who only asks that he may put his nose into the traveler’s tent. It is so pitiful, so modest, that we must needs relent and grant it.”
“Once a camel has managed to place its nose within a tent, the rest of the camel will inevitably follow.”

I cited the proverb at work dozens of time as various people tied to casually drop their “tiny little” problems on my desk.

———————————————————-

This is all part of the “mega-trend” of the economy not working, the shift in thinking that the economy should serve society not the other way around.

How America’s Elites Lost Their Grip
https://time.com/5735384/capitalism-reckoning-elitism-in-america-2019/

The American Dream Is Killing Us
https://markmanson.net/american-dream

———————————————————-

For more Camel goodness: Go to 34 second mark
https://www.youtube.com/watch?v=9ZeELwaE7Xk

#18 Renter's Revenge! on 11.24.19 at 12:08 pm

Wow, so many mixed feelings on this!

The free market and capitalism have brought us a lot of benefits, but they have their limits.

If I was a landlord, or even a property owner, I’d be pooping my pants now. But this is not what I had in mind when I created my handle.

Children are the future, and I can sympathize with the mom-squatters. The only thing I would ask is that they respect the original property owner’s rights and take over the maintenance of the place and leave it better off than when they broke in.

They could also move to South Dakota, but no one seems to like that idea.

#19 Trudeau = Pol Pot on 11.24.19 at 12:20 pm

There is no such thing as a “right” to housing, just as there is no such thing as a right to a chicken in every pot.

Trudeau is a socialist communist.

#20 crowdedelevatorfartz on 11.24.19 at 12:21 pm

@#15 Pontificating Preamble
“This universal right to safe and affordable shelter should be extended to include dogs.”
++++

We already have dog shelters….just not blog dog shelters…..

#21 Ponzius Pilatus on 11.24.19 at 12:22 pm

Re: camel proverb.
The desert nomads are known to be the most hospitable peoples on earth.

#22 Quintelian on 11.24.19 at 12:28 pm

The real estate bubble was manufactured by local governments, with the building blocks hand to them by the senior levels of government. Most obvious example was when the refueling and the stoking of the flames when the market was just about to self-correct, and Jim Flaherty / Cons introduced the 40-year mortgage, and socialized the risk away from the banks, and transferred it to the public by trading risky mortgages with fresh government money. Sure, he later reigned in the reckless government funded subprime lending, but the damage was done.

The economic disparities and distortions that were created, can be calculated, but the social costs, again to be paid by taxpayers, is not so easily calculable. The net result is that there was a great transfer of wealth from those who have become debt slaves, to the politically connected.

In the meantime, real human beings have been kicked out to live on the curb.

#23 Ponzius Pilatus on 11.24.19 at 12:34 pm

On my recent trip to Vienna, I wondered where all the homeless people were.
They probably stash them all away in camps out of sight of the tourists.
At least in Vancouver, we are not ashamed of them.
We let them camp in parks and on the streets.
Some tour buses even have a trip to the Down Town
Eastside on their itinerary.
A visit to the Sahota buildings cost extra.

#24 Ponzius Pilatus on 11.24.19 at 12:39 pm

Gimme Shelter by the Stones comes to mind.

#25 Flop... on 11.24.19 at 12:45 pm

So, I’ve been thinking about things and I’ve realized something else has been nagging me on the subject of homelessness and this blog.

I’ve got a couple of questions for someone on this blog.

Steven Rowlandson, I think is his name.

At various times he has talked about living in his car, a Honda.

You have also talked about being a stair builder and working for not much above minimum wage.

I guess the first reason you caught my eye, was a while back , I did your job after deciding to try something else.

I took a pay cut to get the education but even 13 or 14 years ago, with little experience, I was getting close to $20 an hour, so you seem awfully underpaid, if true, even if not living in s major city.

Here’s what I would like to know to see if we can get you a place to live.

What city/ town/ province do you live in?

Are you willing to move to another province for work?

How many more years do you plan on working?

I know not as many people read my posts now that I wrapped up The Pink Snow Project but I would hope a few thousand still read and we can hopefully connect you to something to make your life more comfortable, get you out of your car and get you more properly compensated.

I try to use my platform on here for good and have no experience at this, but tell us truthfully what your deal is, and hopefully my platform on here can get you to a better place…

M45BC

#26 Reasonable immigration on 11.24.19 at 12:55 pm

DELETED

#27 crowdedelevatorfartz on 11.24.19 at 12:57 pm

@#24 Ponzie Plotter
“We let them camp in parks and on the streets.
Some tour buses even have a trip to the Down Town
Eastside on their itinerary….”
++++

The homeless have been camping/ squatting in downtown Van parks for over 100 years….

http://knowbc.com/Knowbc-Blog/Squatters-in-Vancouver

https://www.cbc.ca/news/canada/british-columbia/that-time-vancouver-s-hippies-took-over-stanley-park-50-years-ago-1.4038794

https://globalnews.ca/news/5467831/oppenheimer-park-events-displaced/

As the “leaders” in our communities become more and more politically correct….the campers just get to stay longer and longer.

#28 crossbordershopper on 11.24.19 at 1:12 pm

move to rural saskatchewan, there are completely abandoned little towns. just drive and park your ass there. hospital might be an hour away, no school or grocery stores around, also about hour away.
but, hey its free, and illegal and cold as hell in the winter time, but its Canada,
the answer like most things is simply to move to cheaper place if you cant afford it. move north if your in southern ontario, as example. small town outside london or chatham or down by fort erie side and south no one ever seems to want to move there, but its very pretty. and cheap. and about hour or two away from anything you can ever desire.
i always found downtown toronto odd, very wealthy and very poor live there, but no families. odd place to live just like silicon valley, a single mom with her kids is out of place and soon to be out on the street, where she can catch a bus up north in Northern California, except san fran and san jose, otherwise relativey cheap to live and she and the little ones will be happier.
we all get displaced on occasion in life, its actually a cleaning of the things, get rid of old junk you hung on to for every, and travel light, where our final destination is in a 6 ft box, or smaller depending on preference of death. we all die alone, what we do in these 80 odd years before that is just kinda inconsequential. travelling around, working , meeting people, watching sports it doesnt really matter in the end.

#29 oh bouy on 11.24.19 at 1:18 pm

@#20 Trudeau = Pol Pot on 11.24.19 at 12:20 pm
There is no such thing as a “right” to housing, just as there is no such thing as a right to a chicken in every pot.

Trudeau is a socialist communist.
_________________________________

lol, I don’t think you know who pol pot was.
nor do you know the definition socialism or communism.

#30 Grunt on 11.24.19 at 1:28 pm

On the one hand you’d think a country like Canada with a harsh winter climate would have had this kind of legislation sooner. On the other hand talk about people helping themselves to others property before thinking out the responsibility of having children.

#31 TurnerNation on 11.24.19 at 1:29 pm

Every couple of years there’s a supposed trend toward “Ethical Investing” or socially responsible or whatever guilt trip we’re sold.

But what are our ruling elites up to – besides continual war making (while exhorting us to “just love” and “turn the other cheek”)?

If you want to make real long term coin just look in what our Federal and Provincial governments invest:

– Pipelines
– Liquor Distribution
– Marijuana trade

Cha-ching they know where the bank is at. Drill baby drill. Chill baby chill. Pill baby pill.

#32 TurnerNation on 11.24.19 at 1:34 pm

Also crowedelevator, if anyone still doubts what Facebook is and is not (global control system or a place to share dog pix?). Totally weaponized:
If anyone doubts the power of a social media blogger, just ask “Stephen who”?

https://www.cbc.ca/news/canada/new-brunswick/kevin-arseneau-facebook-page-disabled-1.5370806

“The “Report Page” function allows Facebook users to report a page they believe does not respect the platform’s conditions of use.
Arseneau, who represents Kent North district, said he reviewed the last few posts on the page and that none of them met Facebook’s standards for hate speech or inaccurate information.
The last two posts focused on glyphosate and nursing homes in New Brunswick, said the MLA.

#33 TurnerNation on 11.24.19 at 1:44 pm

Trend alert: Shutting down Canada starting with Alberta.
Kids forget about capitalism. Get a government union job or with a Crown corp or Utility or NGO. Their primary output is 6-figure salaries.
Join the Party, employment for life.

Also:
“The number of self-employed workers in October fell by 27,800, while public sector employees rose by 28,700. The number of private sector employees fell by 2,700”

https://calgaryherald.com/opinion/columnists/varcoe-in-one-bleak-week-almost-1000-lost-jobs

#34 Ken M. on 11.24.19 at 1:54 pm

#24 Ponzius Pilatus on 11.24.19 at 12:34 pm
On my recent trip to Vienna, I wondered where all the homeless people were.
————————
In vegas, they live in the underground tunnels – yup, america is so great…?

#35 Shawn Allen on 11.24.19 at 1:55 pm

Change Regs to allow apartments?

The same politicians are changing zoning regs to allow four-storey rental apartment buildings to go up in hoods now devoted to single-family homes.

**************************************
Zoning is not permanent. I agree with this one. It makes sense that as cities grow the single family neighbourhoods closer to the center must gradually become higher density housing areas.

I’m always amused by protests against the building of higher buildings in Cities. Bring it.

Families have always paid more to be in a homogeneous environment. Introducing apartment buildings to their street affects them, their property values, their investment and the lifestyle they shelled out more for. Do not be so cavalier. – Garth

#36 Damifino on 11.24.19 at 2:07 pm

Ironically, politicians have rendered property harder to get and housing less affordable to own or rent. But they’re responding to the demands of a society which has glorified real estate and made its ownership into a cult. It’s a recipe for conflict. More tax. More intrusion.
————————————-

That nicely sums it up.

It’s safe to say the glory days of residential real estate are well behind us and will remain so for many years to come. Those who saw the writing on the wall cashed in and diversified. They did well and continue to do so. It’s all about balance and profit taking.

The throngs who missed the great tax-free windfall cling to the belief that owning residential real estate remains the single key to financial success. For the johnny-come-lately, thousands upon thousands of overpriced debt-boxes remain available to choose from.

#37 Shawn Allen on 11.24.19 at 2:18 pm

The Single-Family Home Belt?

Families have always paid more to be in a homogeneous environment. Introducing apartment buildings to their street affects them, their property values, their investment and the lifestyle they shelled out more for. Do not be so cavalier. – Garth

*********************************
But we can’t have City centers hemmed in by a single-family home belt can we?

Perhaps a compromise would be to try to let people know where zoning will be in 20 or 30 years. Perhaps that is already the case? There probably should be quite a bit of notice in most cases.

But even if warned or told many years in advance, people will still protest. In that case, I would say it has to proceed.

#38 Ahhh ... the Balmoral ... on 11.24.19 at 2:19 pm

Had a few good times in there over the years. The arse is outta her now though … Hope the city does the cheap thing (tears it down) and rebuilds. Might just have heritage status … then much more $$$ I would think.
More tax for Vancouverites …

#39 NoName on 11.24.19 at 2:22 pm

#35 Ken M. on 11.24.19 at 1:54 pm
#24 Ponzius Pilatus on 11.24.19 at 12:34 pm
On my recent trip to Vienna, I wondered where all the homeless people were.
————————
In vegas, they live in the underground tunnels – yup, america is so great…?

oh two of you… considering that canada have 3.5x more of population and “only” 2x more hopeless per night, i can say that we are doing much better.

But dont take my world for it, you can just duckduckgo-it yourself, or i can doit for you.

https://lmgtfy.com/?q=list+of+countries+by+homeless+population+wiki&s=d

#40 not 1st on 11.24.19 at 2:39 pm

We are in one of the lowest cycles of CO2 in this planets history.

At 250ppm plants will stop actively growing. That means O2 release by plants starts to decline as well.

At 180 ppm they will start to die.

If we want to feed 11B people we should be raising our CO2 footprint not lowering it.

People are basically voting for their own death by restricting food supply.

#41 Samj on 11.24.19 at 2:39 pm

“The UN goes further still. All people have a right to “security of tenure” which means no forced eviction.” Tell that to Israel.

#42 NoName on 11.24.19 at 3:09 pm

How do they come with all those “new idea” in canada is very mind bogeling… do the know how to read?

Way back in a 80, there was housing crisis in Yu at the time, basicly same thing as what we have here, i guess multy generation living was at its peak. So federal government come with a plan called “Imaš kuću vrati stan!” – if you have a house return apartment.

I dont think that i have to say how that worked out in setting a whole countri on polarization track…

Funny how i remember all this odd stuf when i was a wee kid. But what is even funnier, someone wrote paper about it.

https://yulabour.files.wordpress.com/2015/10/archer-2015.pdf

@flop

Here it is, Under Pressure, Album, Hot Space. Song came around same time as yougoslavian “imas kucu vrati stan” was launched.

https://www.youtube.com/watch?v=a01QQZyl-_I

For me lately everything i read or sea is like groundhog day…

#43 Another Deckchair on 11.24.19 at 3:16 pm

Hey, 24 Sussex is vacant, just saying… ;-)

#44 Flop... on 11.24.19 at 3:42 pm

NoName on 11.24.19 at 3:09 pm

@flop

Here it is, Under Pressure, Album, Hot Space. Song came around same time as yougoslavian “imas kucu vrati stan” was launched.

https://www.youtube.com/watch?v=a01QQZyl-_I

For me lately everything i read or sea is like groundhog day…

///////////////

Is it just me, or is your Crenglish getting worse…

M45BC

#45 Keith on 11.24.19 at 3:47 pm

The federal government used to fund the building of 25,000 units of non market housing per year, until 1995. 25,000 per year, cut off by the Chretien Liberals as part of the budget balancing process. Meanwhile the population continues to grow.

So upwards of 600,000 non market units weren’t built, even though in Vancouver there is waterfront land set aside in Coal Harbour and False Creek north today that is waiting for funding. There’s your right to affordable housing solution – we did it in the past, we can do now.

Why should government build houses instead of creating the conditions which encourage the private sector to do a it? – Garth

#46 Axehead on 11.24.19 at 3:59 pm

#40. Samj.

Why bring Israel into the conversation? They have a right to exist as a nation. Just like us. Even if all their neighbors think otherwise. This is about housing and how entitled it has become.

#47 Keith on 11.24.19 at 4:01 pm

“Why should government build houses instead of creating the conditions which encourage the private sector to do a it? – Garth”

As long as condominiums are the most profitable use of land in Vancouver and Toronto, there will be little or no incentive to build rental. Vancouver has spot rezoning, you can zone for market rental but market rental is far out of reach of local incomes. Since the seventies (MURBs and Co ops) government intervention into the market has been the only source of affordable housing.

Co ops are a proven solution from our own history. Some cities in the western world have 60% non market housing. If you have a private sector solution for affordable rental housing in Vancouver and Toronto, I’d love to hear it.

#48 trish on 11.24.19 at 4:05 pm

For more Camel goodness:
https://www.youtube.com/watch?v=9ZeELwaE7Xk&t=34s

https://www.youtube.com/watch?v=ro_WbqbOpH4

What *adults* do in the *privacy of their own home* is no one elses business.

now extended:
– to public
– government officials
– children

#49 Shawn Allen on 11.24.19 at 4:21 pm

Figure It out

Is someone worth listening to. Except of course if and when he disagrees with me.

#50 BC Renovator on 11.24.19 at 4:22 pm

We could learn something from our neighbours to the South. Seattle built 17,000 Rental purpose units in 2018, YVR- 1,700. Also the Municapal Red Tape to get anything done is ridiculous; years to get projects the go ahead.

#51 paulo on 11.24.19 at 4:28 pm

So here is a thought: amend the federal tax act to make it mandatory that all online temporary lodging booking
companies 1) Be Required to collect and remit GST on All Transactions 2) all individuals or companies/corporations using said airbnb or similar sites be required to obtain a federal GST registration number and provide same as a condition of using said services.

#52 Oak and Frank on 11.24.19 at 4:33 pm

This is Canada dude.

If I deposit $10,000 cash at the banks, I’m ending up on a list because of FINTRAC.

What makes the money launderer from Asia immune from such laws? (as the entire continent from the Middle East to Japan).

What’s going on in Toronto right now is that people who lived in their apartments for decades are being forced from their homes because the landlords can jack up rent prices for new tenants.

I used to pay $800/month for a one bed in Parkdale ten years ago, and now that same apartment goes for $2,095 though my rent is only $1,268 thanks to rent control laws. It’s a matter of time I might get evicted and have to pay $2,000 to rent a slumlord apartment.

This is happeneing everywhere—greedy money launderers parking their dirty money into Canadian real estate.

California is miles different from Toronto because salaries are higher and billion-dollar corporations own land in those areas. You wouldn’t expect someone earning an average of $200,000 a year to pay flyover country prices would you?

But Toronto?

Toronto’s wages have barely increased accounting for the cost of living. The $14 minimum wage is basically nada because the landlords have jacked up rent prices extremely high.

#53 Oak and Frank on 11.24.19 at 4:35 pm

#46, your friend Doug Ford made it easier for landlords to jack up rent prices that minimum wage workers and the working poor are being evicted from their rent control apartments in large numbers.

Am I living in Canada or a third world country?

#54 Sail Away on 11.24.19 at 4:36 pm

#19 Renter’s Revenge! on 11.24.19 at 12:08 pm

They could also move to South Dakota, but no one seems to like that idea.

——————-

Shhh… let’s keep South Dakota our little secret.

#55 Sail Away on 11.24.19 at 4:44 pm

#1 crowdedelevatorfartz on 11.24.19 at 10:30 am

Reminds me of the Arabian Fable of the Camel and the tent…..

—————————–

Perfect parable.

However… the camel is now the hero of the story: If someone refuses to give their property, feel free to take it.

#56 NoName on 11.24.19 at 4:46 pm

flop

Is it just me, or is your Crenglish getting worse…

M45BC

I ve noticed that to…

Now days i see wrongs but spell checker just leave them like everything is ok especially on a cellphone. Gbord is biggest and worst offender.

I guess i have to choices go back to grammarly, but grammarly is out of question because its 160us per year, iam not paying for it again. Ill rather spend that 20 on a patreon for demonized youtube channels.

Maybe deleting all “learned” words in cellphone keyboard will ease pain on you guys that read my gibberish. Here is helpful note, just read “funny spelled” words phonetically, same way you would read Croatian, and all words will make a sense.

ok lii pay more attention from nao on.

#57 FreeBird on 11.24.19 at 4:48 pm

There’s been a similar group ‘reclaiming housing for the community from speculators and profiteers’ in Venice for a few years esp since AirBB reportedly displaced growing numbers of locals. It’s not run by or just for mothers but focus is the same and does tries to lobby local politicians first. Some squat (live) in without running water etc for years. Govt/social pgms avail here dont exist there. I’m not condoning breaking the law but desperate and usually good law biding people will do desperate things esp for their kids. I think the problem is only going to get worse.

Good short doc on effect of AirBB in Venice showing similar issues now playing out in other cities incl TO:

https://youtu.be/aHNWZ018ln8

And on rising rents in Amsterdam:

https://youtu.be/wLOmZCUr7BQ

#58 Flop... on 11.24.19 at 5:00 pm

So I didn’t bother looking at homelessness, but this recent howmuch article on extreme poverty I thought might be a good indicator between Canada and Austria.

They are placed in the same percentage grouping, according to these guys roughly 104k Canadians are living on less than 2 bucks a day, and 27k Austrians.

How this accounts for Ponzi’s behaviour on here, I’ve got no idea…

M45BC

Charting Extreme Poverty: Population Living on Less than $1.90 a Day

Poverty presses at the core of humanity. We often judge the best of us by the least of us. Most of us already know that much of the world’s population lives in extreme poverty. But just how prevalent is this issue? Using data from 2018, we created an easy-to-read visualization to chart the total number of people living in extreme poverty in countries around the world.

https://howmuch.net/articles/charting-extreme-poverty-around-world

#59 Sail Away on 11.24.19 at 5:03 pm

#37 Damifino on 11.24.19 at 2:07 pm

It’s safe to say the glory days of residential real estate are well behind us and will remain so for many years to come. Those who saw the writing on the wall cashed in and diversified. They did well and continue to do so.

—————————–

Or maybe, “those who heeded the message the Honourable Garth Turner has been screaming for 35 years”?

Let’s just say the message was, and is, fairly clear on this blog.

#60 Sail Away on 11.24.19 at 5:11 pm

#42 Samj on 11.24.19 at 2:39 pm

“The UN goes further still. All people have a right to “security of tenure” which means no forced eviction.” Tell that to Israel.

—————————

I fully agree. We should all support Israel against the countries arrayed against them, baying for their blood and forced eviction.

Good on you, Samj.

#61 Long-Time Lurker on 11.24.19 at 5:27 pm

#48 Steve French on 11.24.19 at 1:21 am
Here’s my balanced and diversified ETF portfolio.

>Good mix.

#62 Alberta Ed on 11.24.19 at 5:28 pm

Likely Sock Boy will seize on this as an opportunity for more virtue-posturing (not to mention, his aspirations for a cushy UN post). Unfortunately, the Canadian Charter of Rights and Freedoms does not directly protect property rights. It should, if only to discourage non-elected UN bureaucrats from meddling.

#63 Long-Time Lurker on 11.24.19 at 5:34 pm

>U.N. socialism creep. The torch passes on.

>Lots of action on Syria, U.N. (Sarcasm.)

Definition of socialism
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

2a: a system of society or group living in which there is no private property
b: a system or condition of society in which the means of production are owned and controlled by the state

3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

https://www.merriam-webster.com/dictionary/socialism

#64 boom_or_bust on 11.24.19 at 5:39 pm

The real estate bubble was manufactured by local governments, with the building blocks hand to them by the senior levels of government. Most obvious example was when the refueling and the stoking of the flames when the market was just about to self-correct, and Jim Flaherty / Cons introduced the 40-year mortgage, and socialized the risk away from the banks, and transferred it to the public by trading risky mortgages with fresh government money. Sure, he later reigned in the reckless government funded subprime lending, but the damage was done.

The economic disparities and distortions that were created, can be calculated, but the social costs, again to be paid by taxpayers, is not so easily calculable. The net result is that there was a great transfer of wealth from those who have become debt slaves, to the politically connected.

In the meantime, real human beings have been kicked out to live on the curb.

__________________

Couldn’t agree more. Thanks for the post. You people (pun intended) should think more about who is pulling the strings of the puppets.

#65 Rexx Rock on 11.24.19 at 6:03 pm

DELETED

#66 Yukon Elvis on 11.24.19 at 6:04 pm

The UN goes further still. All people have a right to “security of tenure” which means no forced eviction.
……………………

Does that mean that you can’t evict me if I stop paying the rent ?

#67 James on 11.24.19 at 6:12 pm

We should never disconnect personal responsibility from things such as housing and raising a family. Helping people when they are down is ok as long as it not a way of life. If there is an enshrined plan b then won’t it detract from the effort that makes an economy vibrant.

#68 FreeBird on 11.24.19 at 6:20 pm

CO2 levels…
https://scripps.ucsd.edu/programs/keelingcurve/

https://earthsky.org/earth/atmospheric-co2-record-high-may-2019

https://skepticalscience.com/print.php?r=77

#69 Sail Away on 11.24.19 at 6:44 pm

#68 Yukon Elvis on 11.24.19 at 6:04 pm

The UN goes further still. All people have a right to “security of tenure” which means no forced eviction.
……………………

Does that mean that you can’t evict me if I stop paying the rent ?

—————————-

Yes, YE, it means exactly that. Pure idiocy. No wonder the US withdrew from the UN Human Rights Council when they (the UN) are peddling this slop.

The UN has been working hard to achieve irrelevancy for years.

As expected, the Canadian gov’t joins in like a cocker spaniel desperate to please.

#70 TurnerNation on 11.24.19 at 6:48 pm

Read the column just now. Really Gartho could put up only a racy photo and let the blog dogs at it .

Exciting times in Kanada, apparently chosen as the first 1st World country to go completely communist.
– Asset confiscation or via punative taxes
– Free drugs to support drug addicts’ lifestyles. Give em housing too why not.
– Kids forced to watch graphic drag in public libraries.
– Conservatives re-branded as [email protected] and h8 groups.
– A news media and “education” gone full commie selling it all.
– UN forced people walking in from way overseas.

Hey hard working taxpayers commuting 2 hrs daily, paying 50% of your pay in total taxation with more to come, and paying $2000 monthly child care, take a good look at yourselves this is all your fault!

https://www.cbc.ca/radio/thecurrent/the-current-for-nov-7-2019-1.5350104/no-quick-fix-for-what-s-driving-spate-of-winnipeg-liquor-store-thefts-expert-says-1.5351289

“”The question of why … people would decide to put themselves in the vulnerable position of engaging in a liquor store theft should also cause us to pause and think,” said Bronwyn Dobchuk-Land, assistant professor of criminal justice at the University of Winnipeg.”


Anyone remember Sympathy for the Devil song? Review those lyrics.

#71 yvr_lurker on 11.24.19 at 6:54 pm

Please don’t tell me that you are defending the Sahota family who for several decades have been rogue on every judgement passed against them by the courts to fix their properties. This was all documented last week with tons of specific links in various posts.
The idea of people breaking into unused properties and squatting reminds me of the UK in the early 1980s. This is of course way too much and property rights should be enforced. However, I have no problem with the NDP collecting the surtaxes on properties over 3M, vacant home taxes, and most importantly the foreign buyer taxes.
As for the rezoning, it comes with the territory in a large city. There should be no expectation that in perpetuity there will be no changes to your local environment. Examples of such changes which people have had to deal with for years are:
1. expanded subway line service in your neighborhood,
and the resulting densification near the subway
stops. Some homeowners sell out at high prices (
witness Cambie street), others who stay are in more
congested neighborhoods.
2. Some streets are now in permanent “calm” down
mode, which greatly ENHANCES the price of a piece
of property. Witness the closing of Point Grey Road
in Kitsilano, which was a great benefit to the already
very wealthy people living on that street and nearby
streets. Should those citizens complain to city hall
that their property assessments have now increased
and that they should not be paying the extra property
taxes.
3. Buying into a condo tower downtown that initially has
a great view of the ocean etc…., and is subsequently
sold at a premium based on the view. Six months
later a new building put up by the same developer is
built closer to the waterline, which restricts the
original view, thereby decreasing the property value.
This was the norm when they were building on the
Olympic lands and in Yaletown in Vancouver.
Standard trick by developer, and no recourse for the
buyer. Buyer beware.

There is no guarantee that if you spend megabucks on some place, that the local enviroment will stay the same for perpetuity. The buyer must always be suspicious as to what the end game will be. Or, as for the lucky people on Point Grey Road, if you can lobby your friends at city hall (i.e. the former Mayor Roberston), then perhaps you can suddenly get the city to declare that some formerly well-used road will now be reserved for bikes. This usually happens more frequently for the well-to-do who have poliitical power; not so much for the average Joe Blow.

#72 Tbone on 11.24.19 at 6:57 pm

If you own rentals , get rid of them and find yourself a good investment advisor or my favourite mutual fund and invest in a balanced portfolio
And never look back .

#73 crowdedelevatorfartz on 11.24.19 at 6:59 pm

@#68 Yukon Elvis
“Does that mean that you can’t evict me if I stop paying the rent ?”
+++++

Something the US has been trying to do to the UN headquarters in New York for years…….to no avail…the UN is still there….but Montreal was an alternate option at one point……

https://www.cbc.ca/news/canada/montreal/montreal-un-host-city-admin-1.5009008

Perhaps they would finally get the subway stations remodeled……

#74 Ustabe on 11.24.19 at 7:45 pm

There is one thing that has done me well over a long period of time, both in my front job in hospitality and in my side gig with my brother in rental real estate.

That the poor, the working poor and the lower middle class are forced to spend all the money while the well off have multiple methods of not doing so. From stuffing RSPs, TFSAs to private banking to Cidel, to South Dakota to Panama…the well off don’t circulate as much into the local economy as the less well off do. Spending on a river cruise in Croatia doesn’t help the local, small, independent food store within walking distance of a bunch of 25 year old rental apartments.

If I was in charge of a community I’d work hard to get as much rental stock in place as I could because, very generally speaking, those who rent spend their paycheques locally, not in some AirB&B in south Portugal.

I made way more money out of a 60 seat diner selling fries and gravy than I did out of a white tablecloth joint selling braised duck shanks with Foo Foo sauce.

One is accessible to both rich and poor, the other only available to the well to do. Those who would dismiss that or call it wrong do so at their own risk.

#75 crowdedelevatorfartz on 11.24.19 at 8:05 pm

@#73 yvr lurker
“as for the lucky people on Point Grey Road, if you can lobby your friends at city hall (i.e. the former Mayor Roberston), then perhaps you can suddenly get the city to declare that some formerly well-used road will now be reserved for bikes…”
++++

Ahhh yes,
Mayor Gregor The Dim…..Hizzoner as it were.
I particularly enjoyed watching Gregor Robertson squirm uncomfortably in the City Clowncil when the Point Grey Rd closure came up……

https://www.vancourier.com/news/vancouver-mayor-recuses-himself-from-bike-lane-debate-1.577029

It was revealed during the election that his wife had caught him schtupping a local bimbo who’s mommy was an Uber rich mainland chinese….prisoner.
Those crazy rich asians…..

https://www.scmp.com/news/world/article/1681668/chinese-pop-star-wanting-qu-dating-vancouvers-married-mayor-says-she

https://www.scmp.com/news/world/united-states-canada/article/2184400/canada-based-pop-star-wanting-qu-pleads-mother

Gregor got booted from the Pt Grey Home and eventually the Bimbo booted Gregor as well….was he too stupid even for a bimbo….?

Only a Persian Diva knows for sure

https://dailyhive.com/vancouver/gregor-robertson-dating-shahrzad-rafati

Only time and Gregor’s self inflated ego will allow us the displeasure of seeing him rise from the political ashes and stumble blinking back into the light and utter some inane drivel before his handlers bundle him off to a photo op at a kindergarten school where he wont be expected to face any questions tougher than , “What rhymes with Orange?”

#76 Robert Ash on 11.24.19 at 8:11 pm

The article in the Atlantic, that was linked on this site, was an interesting read. It mentions, the distructive role of Social Media, in terms of the Outrage factor, and the false Legitimacy of Publishers, who, have no controls, on Speech, and in fact inflame Rhetoric, with Likes, and the Objective to gain, an audience vis a vis… Fear, Anger, … It was an interesting read, and also very Problematic. Interesting times… I by the progression of time, sold out all Illiquid assets, in 2017. I saw this coming, even if I couldn’t really accept it… still have a problem, with the Changes of Attitude… I do think though that I will try to assist others, as I did get a lot of help, myself… But in the past, the Private sector, when not forced into Socialistic Processess, actually was more Benevelent, and the results were more effective.. What was accomplished for free at Lions Clubs, Rotary, etc… never seems to garner any commentary in the Media… today.. why is that? I suspect we are being manipulated, and sadly for little postive reason… Look at the Headlines… just negative thoughts, and more, repetition of the same… Never used Facebook, and I am starting to wean off the Newscycle… In my past life as a Real Property manager.. I often worked with folks, from the Mustard Seed, or Hope Mission, etc.. .Good folks just wanting a JOB… In my opinion, it is the JOB .. that is missing in this conversation, and ask How effective are our current Leaders, in creating Private Sector JOBS.. ??

#77 TC on 11.24.19 at 8:21 pm

SOLD! All deals firmed up Garth!

Wifey and I are on the move. Goodbye London! It’s going to be great to get out of the crowded city and never live in any more of them again. Diversity, sustainability, inclusion, pollution, noise, crime and culture clashes………yuck! No thank-you Liberals……..were out!

#78 Entrepreneur on 11.24.19 at 8:27 pm

“Moms For Homes” with Kids, our area is loaded with single moms with kids renting (welfare income plus mom and dad if they have one). But where are the so many dads? Is this just a symptom of a much bigger problem that has been around for too long?

Remember playing that game of replacing a word in a paragraph with another word of your own to have fun with it. Well, replace the word “housing” with “taxpaying jobs” in the Bill-97 by the UN. This is serious.

Read an article in the newspaper and in the To The Editor section by Phil Venoit, Business Manager, International Brotherhood of Electrical Workers Local 230.

He says for over 15 years our BC Ferries have been built in other countries while here “…good mortgage-paying, family-raising jobs leave our province…” and “…falling behind on new technology, and apprenticeship opportunities.”

The homeless situation that is rising steadily every day instead of declining needs to be addressed with all angles but the most important one is “Jobs For Dads” to support those Moms with Kids.

#79 Kurt on 11.24.19 at 8:33 pm

Garth, would you tolerate someone starting their post with “Kenny = Adolph Hitler”? If not, you should delete post #20. Pol Pot was racist (rural Khmer good, urban Vietnamese/Chinese bad) and killed 2 million people out of a population of 8 million. I’d say these examples are a true equivalency, and the application of your policies should reflect this.

#80 the Jaguar on 11.24.19 at 8:34 pm

@crowdedelevatorfartz on 11.24.19 at 12:00 pm

I’m Shocked, SHOCKED! that you didnt mention the Grey Cup instead of NASCAR…..whats become of our society when the Jag has forgotten his Canadian roots…..
We’re doomed.
Hand me some more cheese doodles

“”Captain Renault : I’m shocked! Shocked to find that gambling is going on in here.

[a croupier hands Renault a pile of money]

Croupier : Your winnings, sir.

Captain Renault : [sotto voce] Oh, thank you very much.””

Rick’s American Cafe would never allow cheese doodles on the menu. And the NASCAR reference is not intended kindly. But given your admiration for Captain Renault you already knew that……
I see Renault as a role model.

#81 Nonplused on 11.24.19 at 8:42 pm

The outcome of these sorts of proposals can be seen all around…. the former Soviet Union. I guess if we all want to live in dreary poorly built cramped high rises within walking distance of the factory, it makes sense to turn housing over to the government.

The problem with statements like ““The human right to adequate housing is more than just four walls and a roof. It is the right of every woman, man, youth and child to gain and sustain a safe and secure home and community in which to live in peace and dignity.” is that the government has no means by which to enact such a utopia, no matter how heavy handed they become. All of these government policies like rent controls, making eviction difficult, extra taxes, etc. result in less homes being built, not more. Besides, they are immoral. People should be entitled to enjoy their property however they wish. Properties don’t stay vacant forever. The problem is self correcting, unless the government interferes.

#82 Sail Away on 11.24.19 at 8:48 pm

#76 Ustabe on 11.24.19 at 7:45 pm

One is accessible to both rich and poor, the other only available to the well to do. Those who would dismiss that or call it wrong do so at their own risk.

—————————-

Excellent point. Just look at the success of Walmart, McDonalds and Dollarama. I hold shares in all of them, so naturally shop there as well. Never underestimate the spending power of the great unwashed.

#83 Robert Ash on 11.24.19 at 8:56 pm

For all the Plans of Mice and Men… I believe the Game Changer today is … Micheal Bloombergs announcement that he will enter the Presidential race as a Democrat. His background, and experience, will make him a very formidable competitor, against Trump…So the whole posture, attitude, and direction of the Biggest Economy in the world, may change a lot faster than anticipated.

#84 akashic record on 11.24.19 at 8:59 pm

Now even The Fed thinks they should play role in redistribution of wealth. How awesome is that?

https://www.zerohedge.com/economics/feds-kashkari-says-its-time-federal-reserve-start-redistributing-wealth

Maybe you should read it again. This time with your glasses on. – Garth

#85 Sail Away on 11.24.19 at 9:00 pm

Speaking of great unwashed… the Sahota saga

AGuyinVan, Fartz and yvr_lurker, you’ve all mentioned the perfidy of the Sahotas and either insinuate or directly state that they deserve to have their hotels stolen [my word, because it’s true] by the city.

The actions of the Sahotas are absolutely beside the point in this case. Expropriation can be done, but only for fair market value. When legal lines are blurred or ignored for ideological/emotional reasons, there’s no coming back. You must see that, right?

History is littered with similar abuses of power: Spanish Inquisition, Holocaust, Salem Witch Trials, native land treaties. In all those cases, the people abused were seen as somehow deserving of the treatment. It’s a dangerous path you are championing.

#86 Paul on 11.24.19 at 9:05 pm

#68 Yukon Elvis on 11.24.19 at 6:04 pm
The UN goes further still. All people have a right to “security of tenure” which means no forced eviction.
……………………

Does that mean that you can’t evict me if I stop paying the rent ?
————————————————————————————————
I have personally dealt with dead beat tenants, they can drag evictions on for month and months. Take the landlord to tenant review board numerous times. While not paying rent or utilities plus get an order to keep the landlord from attending the property!

#87 45north on 11.24.19 at 9:08 pm

Figure it Out: Plenty, too, were unhappy when legislators and Judges overturned their “homogenous environment” by striking down racial restrictive covenants on land titles, and desegregating neighbourhood schools (the latter a battle going on in Toronto as we speak, FYI)..

I doubted the existence of racially restrictive covenants in Toronto but I found this article:

How restrictive contracts and bigotry lingered in Toronto real estate

https://www.thestar.com/yourtoronto/once-upon-a-city-archives/2017/12/28/how-restrictive-contracts-and-bigotry-lingered-in-toronto-real-estate.html

I suppose there were battles and struggles to make Toronto a more open society. But it was me who reaped the benefits of battles fought and won.

my Italian story:

I remember the 60′s, Woodbridge was still farms. One summer job was in the flooring business. One job was to pour a floor at Mary Miles Meat Packing Plant. The crew was Italian. We had mostly finished the floor when somebody noticed a flaw in the concrete. The boss said to ignore it. Without saying a word, one of the workers waded through the freshly poured concrete, repaired the flaw and troweled his way back.

you could say that it’s a boomer’s Italian story

#88 Barb on 11.24.19 at 9:19 pm

The UN has nicely evaded responsibility in the Middle East.

UN 2.0 coming up?

#89 Dog Breath on 11.24.19 at 9:34 pm

To see where our future lies when we continue electing Socialists, Communists and Maoists to Canadian government, we only have to look at Communist Cuba. Right after the Communist takeover, all private property was expropriated. If you had a home you might be given permission to occupy one room, the rest of the house was turned over to the riffraff. Keep electing the Socialists and Communists, etc. (Liberals and NDP) and see where it leads.

#90 akashic record on 11.24.19 at 9:40 pm

Why should government build houses instead of creating the conditions which encourage the private sector to do a it? – Garth

Governments obviously have not been able to do that lately.

Out of curiosity, I wonder what kind of conditions do you think should be created and why they don’t exist?

#91 SoggyShorts on 11.24.19 at 9:56 pm

#44 NoName on 11.23.19 at 10:49 pm
#41 SoggyShorts on 11.23.19 at 9:58 pm
#6 Stan Brooks on 11.23.19 at 1:10 pm

stan’s inflation/cost of living/purchasing numbers:
You say that electronics are a tiny portion, well I say that your 18 % increase in the cost of veggies is minuscule.

Not counting savings heres a rough breakdown:

Rent is about 1/3 of my spending and has had zero inflation (I even negotiated a DECREASE twice since I moved to Edmonton 7 years ago.

Travel is about 1/3 and I’m taking better, longer trips each year

Gas and electronics (including internet/mobile plans) for 1/6 where both are cheaper than when I moved here, leaving

Food for 1/6 of which some(half?) is veggies at 18%.

So…yeah. I can see how a vegetarian renting Toronto while living paycheck to paycheck is getting his ass kicked.
But others are doing fine, even better each year.

I should also note that I haven’t raised my prices since I started my company in 2011.

#92 saskatoon on 11.24.19 at 10:20 pm

nobody has a right to someone else’s labor.

of course, this is fundamentally immoral.

#93 NoName on 11.24.19 at 10:35 pm

#85 Robert Ash on 11.24.19 at 8:56 pm
For all the Plans of Mice and Men… I believe the Game Changer today is … Micheal Bloombergs announcement that he will enter the Presidential race as a Democrat. His background, and experience, will make him a very formidable competitor, against Trump…So the whole posture, attitude, and direction of the Biggest Economy in the world, may change a lot faster than anticipated.

i was afraid this will happen. PEOPLE ON A LEEFT BRACE.

https://www.atr.org/left-wing-billionaire-michael-bloomberg-raising-taxes-poor-people-good-thing

#94 yvr_lurker on 11.24.19 at 10:53 pm

#87 Sail Away
————-
I am sure that there is much more to this story than has been leaked to the press. This family has been in the news for decades with a huge list of unpaid fines, summary judgements by the municaplity, all relating to the Balmforal. I am not sure what the lawyers fees and fines are but I am sure it was substantial. The building was at risk of complete failure, with more lawsuits filed.

Should the city just wait until these slumlords had a change of heart and paid their fines and fixed the building to code? Have been waiting for decades. My sense is that they made a deal with the city; lawsuits and all the fines forgiven, with this deal with the city. If te Sahota’s do not challenge this expropriation in court, the likely scenario is that there was some behind the scenes deal done satisfactory to both the city and the Sahotas.

#95 conan on 11.24.19 at 11:07 pm

What are the free market conditions that will allow for a rapid fixing of the rental market so that there is an adequate supply of affordable housing?
I suspect that most people, who post here, with much Conservatism, inherited their wealth.

#96 T-Rev on 11.24.19 at 11:09 pm

I’ve spent the month since the election contemplating the direction of our country at some length. I’m no seer, but I think the march to socialism and bigger government is inexorable. So is the virtuous but completely misguided program to kill the Canadian petrochemical industry, while other global producers ramp up production to satisfy growing demand, keeping jobs and capital out of Canada while making zero net impact on global emissions. But I digress.

There’s an old saying that the optimist (fool?) expects the wind to change, the pessimist (stubborn cynic?) mopes and complains about the wind, and the wise man adjusts the sails.

I’m a lifelong Albertan. Patriotic Canadian. Pissed of at the shortsightedness of politicians, my fellow Canadians, and the ideological war that Kenney, a guy I voted for, seems to be waging without any such mandate. Personally, my biggest regret is having so much of my wealth tied up in Alberta real estate, because it’s cost me a pile of dough. And that’s the lesson I’m going to pass to my children to get them through this crazy and rapidly changing world: Stay liquid. Rent. Be nimble and mobile. Think flexible. Keep learning. Your physical and mental health, and your knowledge and skills are you’re greatest assets- invest in them. They can never be taxed, you can monetize them as necessary, and you can take them with you wherever you go. If you’re physically strong and healthy, with skills and education, you’ll never be hungry, and prosperity will be yours for the taking. Don’t get attached to a place- go where you’re happiest. If you want money, go where the most swollen government teat you can find is play the system, take advantage of the controls put on other people foolish enough to invest in hard assets and businesses. Don’t ever rely on the system to look after you, but play it like a game when it’s to your advantage.

The era of building something tangible, putting down roots, and giving the government something to target is over.

#97 Ponzius Pilatus on 11.24.19 at 11:13 pm

Why should government build houses instead of creating the conditions which encourage the private sector to do a it? – Garth
———-
The City of Vienna, Austria owns 220,000 rental units.
And, by the way, it’s the best place to live.

#98 Ponzius Pilatus on 11.24.19 at 11:23 pm

#60 Flop… on 11.24.19 at 5:00 pm
So I didn’t bother looking at homelessness, but this recent howmuch article on extreme poverty I thought might be a good indicator between Canada and Austria.

They are placed in the same percentage grouping, according to these guys roughly 104k Canadians are living on less than 2 bucks a day, and 27k Austrians.

How this accounts for Ponzi’s behaviour on here, I’ve got no idea…

M45BC
———–
Obviously, you have never lived in Austria.
Otherwise, you’d know the difference.

#99 Smartalox on 11.24.19 at 11:45 pm

One trend that seemed positive for the city of Vancouver was that as they completed seismic upgrades for the city’s single-storey fire halls, they added 5 or 6 floors of housing on top intended to house single mothers, though I assume that could be extended to include single parents.

The city already owned the land, and the fire halls needed to be rebuilt to bring them up to code. Add some federal money to tackle homelessness, and voila!

The private sector is still building rental stock, only instead of purpose-built rental apartments like those that were built in the 1960s and 1970s, where multi-storey units were built, maintained and amortized by property corporations, the ‘modern way’ for high rise rentals makes it easier to sell a high-rise full of condos to mom and pop ‘investors’ and have them take on the costs of management and maintenance.

Some will win, some will lose. Still, Brad Lamb gets his Bentley.

At least the profit motive of private sector condo-to-rental developments ensures those projects get built quickly. It seems that social housing projects advance in fits and starts (Both the Fire Hall project that I mentioned above, and the site of another social-housing CoOp near by) have been sitting IDLE for months, incomplete for YEARS while for-profit developments in the same neighbourhoods seemingly sprout like mushrooms after a rain.

No doubt these projects are being managed by committees of amateurs, with every change order requiring months of deliberation before decision, as half-completed projects sit – unable to fulfill their intended purpose – and rotting just a little more with every rainstorm.

#100 Ponzius Pilatus on 11.25.19 at 12:02 am

Flop,
That’s what I got from Wikipedia
———
List of countries by homeless population
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
It is estimated that 150 million people are homeless worldwide.[1] Habitat for Humanity estimated in 2015 that 1.6 billion people around the world live in “inadequate shelter”.[2]
This is a list of countries (not all 195) by the homeless population present on any given night. Different countries often use different definitions of homelessness, making direct comparisons of numbers complicated.[3]
——————-
That’s why googling is useless.
Gotta have boots on the ground.

#101 Keith on 11.25.19 at 12:03 am

@ #87 Read the article

https://www.theglobeandmail.com/canada/british-columbia/article-city-of-vancouver-recommends-paying-sahota-family-just-1-for-run-down/

This recommendation is pursuant to an appraisal by an outside property consultant that assigned a negative value to the Sahota properties. Apparently at a dollar, the taxpayer is overpaying and on the hook for demolition costs.

The Sahota’s have a beef with the consultant, not with the city.

#102 fishman on 11.25.19 at 12:04 am

Close Jaguar, you channeling me?. It was a 71 Buick Skylark 350 Hydramatic transmission, 2 door, bucket seats. Santa Fe bronze more than a yellow gold. The last year GM made a car with a separate frame. After that it was unibody frames. The kids liked these cars cause you could stick a blown 450 c.i. monster on the frame & the tranny would take it.
Islands? . Close again. 15,800 miles of coastline out here & I’ve ran it all. I’ll take you round islands that takes 4 to 24 hours to run around at 8 knots.. Nobody lives on them. Humans that is. Move in anytime you like. No need for a leaf blower. All the trees & shalal grow at 25% off the perpendicular. The winter Sou’easters are brutal.
Thats what the SRO (single room occupancy) hotels were all about in downtown Vantown. Up the coast in the spring. Bring your stake to town in fall. Grab a room & party till broke.

#103 yvr_lurker on 11.25.19 at 12:44 am

#77 crowdedelevatorfartz

——–
Your post had me chuckling. Initially when he first got elected I liked him as he seemed a “fresh face” with some integrity and representing a younger generation. By the time he was near the end, I was happy as punch to see him go. All about the optics, self-promotion, and helping his rich pals. Same mindset and poster-boy as Trudeau, who I am not a fan of. Was not the worst Vancouver mayor though; worse by far in my books was Sam Sullivan, aka Mr. four month garbage strike. Best was Harcourt years ago…..

#104 waggily tail on 11.25.19 at 1:03 am

If you want to live in the city, set an extra place at your table or pay the taxes so someone else can deal with it. That’s community. It’s the price of social order. I love living in the boons.

#105 The Man from UNcool on 11.25.19 at 1:16 am

This is all part of UN’s Agenda 21, whereby the global elite is trying to herd the masses into urban ghettos, so that they can be easily controlled.

#106 Smoking Man on 11.25.19 at 1:51 am

Music is everything

https://youtu.be/aFkcAH-m9W0

Your song sucks…

#107 Nonplused on 11.25.19 at 2:11 am

“Why should government build houses instead of creating the conditions which encourage the private sector to do a it?” – Garth

“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.” – Milton Friedman

In short there is nothing the government can do to create additional housing but stay out of the way, but there are a whole lot of things they can do to prevent the creation of additional housing.

We live in a society where the effective tax rate is about 50% (even if you don’t pay any income tax you pay HST and a bunch of other taxes and you pay the taxes the rich pay through prices). A society that pays 50% tax isn’t going to have a lot of money left over to build low cost housing. And then add rent controls? It won’t work.

High tax rates and rent controls make buying a Harley look like a better idea than investing in a low cost housing. At least the Harley only gets taxed once and then becomes a source of years of non-monetized and untaxed pleasure. You invest in low cost housing instead and you get property taxes, income taxes, rent controls, bad tenants, vacancy taxes, zoning restrictions, city ordinances, a fine if you don’t clear the sidewalk in time, maintenance, a mortgage, utility disconnects if the tenants don’t pay, just one hassle after another. Why not buy a Harley and go for a tour instead? Life is short. Too short to own a rental.

And along those lines I think there would be a lot more rentals if the sort of people that rent weren’t so likely to wreck the place and skip payments. Or grow pot in the spare bedroom. Growing pot for personal consumption may be legal in Canada now, but Garth is correct, it ruins the house. You need an open air environment or a greenhouse for that kid of stuff. The spare bedroom is not made for that.

#108 Mrs Hubris on 11.25.19 at 2:34 am

I’m really a socialist. Did I say we contribute to United Way? I voted for the Greens. Hate what is happening to the old growth forests. Can you believe our house is worth $CAD2 million (most everyone’s is ). Our assessment went up 30% this year. Driving round New Zealand soon. Long flight. Love travelling. The winter here is hard. I believe in helping those in the community. Have you seen the homeless in Victoria? Getting worse. So sad. We made $4000 last week renting our suite for 6 days. Thinking of buying another condo. My brother has an MIC. He has 6 properties on AirBNB. Might sell when prices go back up. Best place on earth, BC. Anyone for kombucha tea?

#109 Sail Away on 11.25.19 at 5:53 am

Re: Sahotas

All past fines and claims were settled in April 2019. That’s the situation- the past is settled.

So, as it stands, we have two vacant, privately-owned buildings with no outstanding liabilities of any type that the city decides to grab for $1. This after the city has collected full taxes for the buildings’ entire existence. One councillor actually cried with joy while voting to do this, apparently overcome by her own goodness.

And yes, of course the owners are challenging this legally, as would any rational citizen.

#110 Sail Away on 11.25.19 at 6:10 am

#110 Mrs Hubris on 11.25.19 at 2:34 am

The winter here is hard. I believe in helping those in the community. Have you seen the homeless in Victoria? Getting worse. So sad.

———————————-

Happily, our PM is open to supplying heroin to the homeless junkies. So much better than Methadone!

I missed the part where the junkies magically turned into productive members of society with this innovative solution.

#111 akashic record on 11.25.19 at 7:08 am

#86 akashic record on 11.24.19 at 8:59 pm

Now even The Fed thinks they should play role in redistribution of wealth. How awesome is that?

https://www.zerohedge.com/economics/feds-kashkari-says-its-time-federal-reserve-start-redistributing-wealth

Maybe you should read it again. This time with your glasses on. – Garth

I got only sunglasses. Nice rose coloured.

#112 NoName on 11.25.19 at 7:33 am

Ponzi Ponzi Ponzi

Only good thing about Austria is that truck stop that looks like 50s diner between Salsburg and Villach.

What happened to that musician Mozart? Luckily be had dog…

#113 crowdedelevatorfartz on 11.25.19 at 7:53 am

@#87 Sail away
“History is littered with similar abuses of power: Spanish Inquisition, Holocaust, Salem Witch Trials, native land treaties. ”
+++++

You’re comparing the Vancouver City Clowncil to the Spanish Inquisition, the Holocaust, and the Salem Witch Trials…..for expropriating two slum hotels with unpaid, multiple fines levied against them for years….
My god.
Let me guess.
You were sailing in a sea of red wine last night, got lost and drank your way back home?

#114 crowdedelevatorfartz on 11.25.19 at 8:00 am

@#99 Ponzie Prattle.
“The City of Vienna, Austria owns 220,000 rental units.
And, by the way, it’s the best place to live.”
+++++

Careful.
Next thing you say is its the “Best Place on Earth”.

Anyone else want to kick in a hundred bucks for a one way plane ticket for Ponzie?
Send him back to his beloved Austria.
The land of milk and honey.
The birthplace of Hitler?

#115 Ponzius Pilatus on 11.25.19 at 8:27 am

#112 Sail Away on 11.25.19 at 6:10 am
#110 Mrs Hubris on 11.25.19 at 2:34 am

The winter here is hard. I believe in helping those in the community. Have you seen the homeless in Victoria? Getting worse. So sad.

———————————-

Happily, our PM is open to supplying heroin to the homeless junkies. So much better than Methadone!

I missed the part where the junkies magically turned into productive members of society with this innovative solution.
—————
About 20 years ago, Zurich, Switzerland had a massive problem with junkies.
They did not send in the police, but health care workers.
Much better now.

#116 SunShowers on 11.25.19 at 9:35 am

Extremely funny to me that people still think capitalism is the most efficient method of allocating resources when there are significantly more empty homes than there are homeless people.

#117 IHCTD9 on 11.25.19 at 9:59 am

This right to a home stuff is another urban problem which has again lead to new rules for everyone.

I’m not concerned for the small town RE owners, but if you own a second property in a metro, rented or not – it may be time start thinking about unloading it. Seems like investment RE is the new punching bag for voters and politicians, every month it seems non-PR RE is getting another right-hook. It’s starting to pile up.

Who knows what C-97 will end up allowing – probably nothing good. By the time all current and future RE Bills run their course, no one will want to touch metro RE with a 10′ pole. That’ll keep rents down lol!

#118 Dups on 11.25.19 at 10:02 am

Two words: “Unplanned Parenthood”.
Why should people that do not plan for kids and their future get free stuff?
Maybe we should license parenthood so kids do not suffer from parents actions!

#119 Blog Bunny on 11.25.19 at 10:16 am

Is anyone still taking the UN seriously ? They are totally worthless and bat shit crazy. Unfortunately, looks like our PM does.

#120 Classical Liberal Millennial on 11.25.19 at 10:24 am

Somewhere out there is a Dipper who thinks the next step is to allow anybody to move into any private property they want, occupied or not.

#121 Sail Away on 11.25.19 at 10:29 am

#121 Figure it Out on 11.25.19 at 10:03 am

“I missed the part where the junkies magically turned into productive members of society with this innovative solution.”

If your average junkie does $1,000/day damage by breaking into cars, stealing bicycles &c plus the occasional call to EMS or the emergency ward and the psychic misery he inflicts on tourists and his fellow citizens, but you can prevent that by giving him $50/day worth of heroin, you’ve increased economic productivity by $950/day. Stomp your foot all you want and call it lunacy, but math is math. Or, y’know, hire more police, build more prisons and ask why car insurance is so damn expensive.

————————————-

It sounds like lunacy indeed, but you make good points. And Ponze, the Zurich situation is eye-opening. I’m pretty low on empathy in general, and when junkies repeatedly vandalize and steal my stuff, as has happened, I think Duterte before Zurich.

#122 Sail Away on 11.25.19 at 10:35 am

#115 crowdedelevatorfartz on 11.25.19 at 7:53 am
@#87 Sail away
“History is littered with similar abuses of power: Spanish Inquisition, Holocaust, Salem Witch Trials, native land treaties. ”
+++++

You’re comparing the Vancouver City Clowncil to the Spanish Inquisition, the Holocaust, and the Salem Witch Trials…..for expropriating two slum hotels with unpaid, multiple fines levied against them for years….
My god.
Let me guess.
You were sailing in a sea of red wine last night, got lost and drank your way back home?

———————————-

Guilty as charged. Still- theft, no. I shake my head at a council that thinks it’s a viable solution.

It won’t actually happen that way. Let the lawsuits begin!

#123 SunShowers on 11.25.19 at 10:36 am

#120 Dups on 11.25.19 at 10:02 am

Conservatives: “We want small government!”

Also Conservatives: “The government should decide who gets to have kids and who doesn’t.”

#124 crowdedelevatorfartz on 11.25.19 at 10:52 am

@#125 Sailing Oy vey
“It won’t actually happen that way. Let the lawsuits begin!”
++++

True enough.
Idiots in VanClowncil actually think they can rewrite Canadian Legal Code…..good luck with that.

Taxpayers hit again…….and the lawyers get richer

#125 Dharma Bum on 11.25.19 at 10:57 am

The UN goes further still. All people have a right to “security of tenure” which means no forced eviction. – Garth
——————————————————————–

The UN is a criminal cartel.
Its representative governments are biased, corrupt and hypocritical.
They continue propagate their own filthy agenda.
The leaders of the sheethole countries they run benefit while their unwashed masses suffer.
The UN should be dismantled.

Trudeau, however, fits right in.

#126 Ponzius Pilatus on 11.25.19 at 11:06 am

#116 crowdedelevatorfartz on 11.25.19 at 8:00 am
@#99 Ponzie Prattle.
“The City of Vienna, Austria owns 220,000 rental units.
And, by the way, it’s the best place to live.”
+++++

Careful.
Next thing you say is its the “Best Place on Earth”.

Anyone else want to kick in a hundred bucks for a one way plane ticket for Ponzie?
Send him back to his beloved Austria.
The land of milk and honey.
The birthplace of Hitler?
————
The good ole:
Go back where you came from.
There’s an opening on Hockey Night in Canada for you.

#127 IHCTD9 on 11.25.19 at 11:06 am

#124 Sail Away on 11.25.19 at 10:29 am

It sounds like lunacy indeed, but you make good points. And Ponze, the Zurich situation is eye-opening. I’m pretty low on empathy in general, and when junkies repeatedly vandalize and steal my stuff, as has happened, I think Duterte before Zurich.
____

I watched a good documentary on homeless druggies a while back, I think it was in Seattle. It was a real eye opener.

In Seattle, they hand out free needles and drugs, and on top of that, they stopped enforcing pretty much all bylaws when it comes to these folks.

The result was crackheads camping out in front of businesses and government buildings, pissing all over the sidewalks and taking dumps right off the curb. Drunk and stoned crackheads would be attempting to have sex with each other at bus stops and on park benches.

The word quickly spread that it was a free for all in Seattle, and this resulted in crackheads from all over the US making the pilgrimage to join in on the consequence free fun.

They were emboldened with the power they had, they got violent, took over entire neighbourhoods, and entire parks were converted into tent cities with mountains of trash and spent drug paraphernalia. Cops couldn’t do a thing to stop any of it.

To me, the answer is simple. Round them up and put them to work. 8 hours a day, 5 days a week, for room and board. On Saturdays, they exercise, running, sit-ups, push-ups, pull-ups. On Sundays, they read assigned Literature, and do book reports on them. Get some guys from the CAF to run it and provide security and escape prevention services. They get to leave when it’s apparent they are ready to.

Keeping them on drugs doesn’t fix anything, it’s just sticking a soother in it on the taxpayers dime.

#128 oh bouy on 11.25.19 at 11:25 am

@#91 Dog Breath on 11.24.19 at 9:34 pm
______________________________________

I come here for the bad analogies.
thx for all the contributions dogbreath.

#129 Ponzius Pilatus on 11.25.19 at 11:28 am

Leslie Kern wants your city to be a feminist. She lays out her thoughts and plan in the new book Feminist City: A Field Guide. Mitchel Raphael / PNG
Feminist geographer Leslie Kern asks big questions and shows encouraging changes that are helping make cities better for women and marginalized people.

Feminist City: How to Build a More Just, Sustainable Vancouver

When: Nov. 27, 7-9 p.m.

Where: Morris J. Wosk Centre for Dialogue, Salon 20—30, 580 W. Hastings St.

#130 JonBoy on 11.25.19 at 11:39 am

Garth,

Given the apparent attack on real estate in the future, including a leaning towards tenant rights trumping all others, does that change your recommendation for REITs as part of a balanced portfolio? While I know that many of them hold commercial/industrial properties, not just residential/housing, it would seem that these rules could certainly reduce their profitability.

Perhaps, more critically, you would suggest leaning towards REITs that are focused on commercial/industrial-style holdings?

Thanks in advance!

Residential REITs generally own purpose-built apartment buildings, where the rules are well known and have not impacted cash flow. The problem is with amateur landlords – who face a perilous future. – Garth

#131 Dharma Bum on 11.25.19 at 11:44 am

#42 Samj

“The UN goes further still. All people have a right to “security of tenure” which means no forced eviction.” Tell that to Israel.
——————————————————————–

Once the missiles targeted at them by their hostile neighbours stop flying, maybe they can worry about more trivial issues.

#132 NoName on 11.25.19 at 11:50 am

Here is an interesting read bout hurricanes.

https://www.forbes.com/sites/rogerpielke/2019/11/24/just-the-facts-on-hurricanes/#5d0a136c551f

#133 TheDood on 11.25.19 at 11:58 am

#52 BC Renovator on 11.24.19 at 4:22 pm
We could learn something from our neighbours to the South. Seattle built 17,000 Rental purpose units in 2018, YVR- 1,700. Also the Municapal Red Tape to get anything done is ridiculous; years to get projects the go ahead.
_______________________________________

We could learn ALOT from that city 2 hours south.

Seattle – Amazon, Microsoft, Boeing, T-Mobil, Starbucks, Zillow, Nordstrom, PopCap, Costco, MSNBC, Nintendo……….and on and on and on.

Vancouver – not one privately owned or publicly owned company to compete with the biggest and best from Seattle. BC Hydro, FortisBC (2 Utilities), BC Provincial Government, or the local municipal governments are about the best you can hope for with respect to employment. Quite sad and pathetic.

Its capitalism vs socialism. When you go to Seattle, you can smell money. When you go to Vancouver, you can smell debt.

#134 oh bouy on 11.25.19 at 12:10 pm

@#128 Dharma Bum on 11.25.19 at 10:57 am
The UN goes further still. All people have a right to “security of tenure” which means no forced eviction. – Garth
——————————————————————–

The UN is a criminal cartel.
////////////////////////////////////////

Honest question – how did you come to this conclusion?
please don’t give me the illuminate/NWO nonsense thx.

#135 Stan Brooks on 11.25.19 at 12:24 pm

#136 TheDood on 11.25.19 at 11:58 am

Seattle – Amazon, Microsoft, Boeing, T-Mobil, Starbucks, Zillow, Nordstrom, PopCap, Costco, MSNBC, Nintendo……….and on and on and on.

Yep, Mississauga, Vaughan and (!) Brampton are (WAY) more expensive than Silicon Valley.

In US there are 2 hot-spots for real estate – California due to high tech salaries and entrepreneurs and New York due to the billionaires, financial services and hedge funds – the biggest financial hub in the world.

To see idiots with 50 k before taxes salary bidding on 1.5 – 2 million dollar homes in Mississauga or Vaughan is quite scary.

A friend of mine – former junior team member from a major bank went from 70 k before taxes Canadian dollars in Toronto to 220 k USD in California, working for Google. Never looked back.

GTA is 3-4 times more expensive than major cities in Texas, probably because the weather here is better…

Bhahahahahahaha…

I will let you digest this: Hamilton (the big steel plan smoke, poor working city) is 2 times more expensive than Austin, Texas.

Cheers to all credit/junk debt idiots and keep up the good work, folks.

#136 IHCTD9 on 11.25.19 at 12:29 pm

#129 Ponzius Pilatus on 11.25.19 at 11:06 am

The good ole:
Go back where you came from.
There’s an opening on Hockey Night in Canada for you.
____

I’m thinking it’s the good ‘ol Austria probably isn’t quite good enough to go back to – right Ponzie?

Otherwise you would have left long ago to the land of milk and honey.

#137 Stan Brooks on 11.25.19 at 12:35 pm

And another ‘great white North free health care’ story – 2 months from diagnoses with cancer (biopsy) to the surgery, giving it just enough time to spread around and make quality of life living hell for a friend of mine.

Sick sheeple dispatch services works just fine. Why worry and invest in current stock? there is more ‘free’ sheeple to import. 8 hours waiting time in ER folks.

Cheers,

#138 NoName on 11.25.19 at 1:02 pm

Hey ponzi what’s your take on this?

https://www.savemysweden.com/austria-the-first-eu-country-far-right-head-of-state/

#139 Jenny Wang on 11.25.19 at 1:03 pm

I told you Trudeau had plans to confiscate homes a year ago. The last census asked for the number of residents, ages and the number of bedrooms. Many people are waiting for the day Trudeau starts doing what Germany and UK have already done and are doing, confiscating houses from people with extra bedrooms and forcing residents to accept strangers into their extra bedrooms and space converted to sleeping quarters.

It can’t happen in Canada? That’s what they said in the EU. But the media ran the government’s story and didn’t mention the many persons, especially seniors, who have so far been thrown out of their homes. It will not surprise me if government departments with share census data with placement orgs and direct the “newcomers” to kick your door in and have you accept the Trudeau Squat.

https://www.ctvnews.ca/mobile/politics/i-m-just-going-to-own-it-mckenna-on-emotional-twitter-video-1.4699234

It’s obvious Trudeau hates Canada. He’s already stated that Canadians don’t have a place here. Don’t think he’s placing lunatic incompetents in positions of power. He intends to force the economy to either and die.

#140 NoName on 11.25.19 at 1:07 pm

There is a good chance that link in a earlier comment won’t work. So here is a new one different paper same topic.

https://nationalpost.com/news/world/austria-to-your-feet-will-austria-be-the-first-eu-nation-to-elect-a-far-right-president

#141 Shawn Allen on 11.25.19 at 1:16 pm

Federal Child Tax Benefits

#120 Dups on 11.25.19 at 10:02 am

Two words: “Unplanned Parenthood”.
Why should people that do not plan for kids and their future get free stuff?

Maybe we should license parenthood so kids do not suffer from parents actions!

********************

Or, maybe “we” (whoever that is) should continue to pay federal child benefits so kids do not suffer (too greatly) from parents actions and lack of finance.

#142 AGuyInVancouver on 11.25.19 at 1:18 pm

111 Sail Away on 11.25.19 at 5:53 am
Re: Sahotas

All past fines and claims were settled in April 2019. That’s the situation- the past is settled.

So, as it stands, we have two vacant, privately-owned buildings with no outstanding liabilities of any type that the city decides to grab for $1. This after the city has collected full taxes for the buildings’ entire existence. One councillor actually cried with joy while voting to do this, apparently overcome by her own goodness.

And yes, of course the owners are challenging this legally, as would any rational citizen.
_ _ _
Stop peddling this nonsense. The buildings were about ready to collapse becuase of the owners neglect. The city will now be out of pocket to repair them:

“City staff said the renovation costs would be around $46-million for the Balmoral and $40-million for the Regent. The current assessed value of both buildings is about $3-million.”
https://www.theglobeandmail.com/canada/british-columbia/article-vancouver-city-council-votes-unanimously-to-expropriate-two/

The days of the rentier class abusing their position with impunity is coming to an end. Be happy they’re not coming for you with pitchforks and lighted torches.

#143 TheDood on 11.25.19 at 1:19 pm

#98 T-Rev on 11.24.19 at 11:09 pm
I’ve spent the month since the election contemplating the direction of our country at some length. I’m no seer, but I think the march to socialism and bigger government is inexorable. So is the virtuous but completely misguided program to kill the Canadian petrochemical industry, while other global producers ramp up production to satisfy growing demand, keeping jobs and capital out of Canada while making zero net impact on global emissions. But I digress.

There’s an old saying that the optimist (fool?) expects the wind to change, the pessimist (stubborn cynic?) mopes and complains about the wind, and the wise man adjusts the sails.

I’m a lifelong Albertan. Patriotic Canadian. Pissed of at the shortsightedness of politicians, my fellow Canadians, and the ideological war that Kenney, a guy I voted for, seems to be waging without any such mandate. Personally, my biggest regret is having so much of my wealth tied up in Alberta real estate, because it’s cost me a pile of dough. And that’s the lesson I’m going to pass to my children to get them through this crazy and rapidly changing world: Stay liquid. Rent. Be nimble and mobile. Think flexible. Keep learning. Your physical and mental health, and your knowledge and skills are you’re greatest assets- invest in them. They can never be taxed, you can monetize them as necessary, and you can take them with you wherever you go. If you’re physically strong and healthy, with skills and education, you’ll never be hungry, and prosperity will be yours for the taking. Don’t get attached to a place- go where you’re happiest. If you want money, go where the most swollen government teat you can find is play the system, take advantage of the controls put on other people foolish enough to invest in hard assets and businesses. Don’t ever rely on the system to look after you, but play it like a game when it’s to your advantage.

The era of building something tangible, putting down roots, and giving the government something to target is over.
__________________________________________

Bang on! Hope your kids take the advice and run with it. Wife and I are trying to pass on the same type of advice to our kids as well. Stay liquid, keep your options open, and live in a place that makes you happy.

#144 SeeB on 11.25.19 at 1:27 pm

Families have always paid more to be in a homogeneous environment. Introducing apartment buildings to their street affects them, their property values, their investment and the lifestyle they shelled out more for. Do not be so cavalier. – Garth

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True Garth, but as you’ve stated yourself before, most people in this country treat their properties as an investment. Ignoring the “fairness” of local goverments changing zoning, (because after reading here for years I have come to realize there is no such thing), should it not be incumbant on homebuyers to assume there are certain “risks” involved with buying? You’ve certainly been advocating that stance for a long time.

I respect your statement that goverment creating that risk with policies you don’t agree with is troublesome, but we are reaching (or hve passed?) a breaking point when it comes to available housing in the major economic centers of this country.

Seeing as both private companies/gov weren’t foresighted enough to stop themselves from cramming the majority of economic activity into tiny downtown cores, also how individuals couldn’t restrain themselves from assuming more debt to “get in” at all costs, and since transit is not going to have the money or technology anytime soon to provide enough of a quick, affordable, and reliable means to move people into those centers, then there has to be a way provide a place to live in those centers close to that economic activity.

Expecting people to spend 100% of their wage on rent, or, 75% of their wage including 4+ hours a day communiting in order to serve you your coffee downtown is unreasonable.

We can’t have a nation composed entirely of CEOs and managers (as we know them now), eventually, someone has to make the coffee, and it shouldn’t be by someone who is effectively a slave due to the housing situation. Sadly, this could mean some folks will lose property valuation on their SFD when lowrises get built.

#145 Ponzius Pilatus on 11.25.19 at 1:36 pm

#139 IHCTD9 on 11.25.19 at 12:29 pm
#129 Ponzius Pilatus on 11.25.19 at 11:06 am

The good ole:
Go back where you came from.
There’s an opening on Hockey Night in Canada for you.
____

I’m thinking it’s the good ‘ol Austria probably isn’t quite good enough to go back to – right Ponzie?

Otherwise you would have left long ago to the land of milk and honey.
—————
Would leave in a flash.
Problem is. Can’t leave my F-150 behind.

#146 thebarold on 11.25.19 at 2:08 pm

Perfect. Now that there is a Minister of middle class prosperity [!??!?], that minister should define “basic, middle class housing” and those that stray beyond above should be taxed and those below it receive subsidy to ‘improve’ their prosperity! /s

#147 Doug in London on 11.25.19 at 2:16 pm

I’m not surprised it came to this so called solution to the problem. Correct me if I’m wrong but it’s not just a supply problem but a supply of the wrong kind of housing. A lot of land is zoned for single family homes and not enough for affordable apartment housing. Not everyone is making well over 100 grand and can afford a house.

While it’s especially a problem in bigger cities it’s also a problem in towns in Midwestern Ontario. It’s probably why in Clinton the medical centre has trouble getting nurses on staff and Canada Post can’t find a driver to deliver mail. It’s also why an auto parts plant in Wingham has trouble finding and keeping employees. Zoning regulations worked great 50 years ago in 1969, but not so great in today’s world which is more heavily urbanized than ever before, housing is more expensive, and a lot of people are lower income.

#148 Dog Breath on 11.25.19 at 2:16 pm

137 oh bouy on 11.25.19 at 12:10 pm

The UN is a criminal cartel.
////////////////////////////////////////

Honest question – how did you come to this conclusion?
please don’t give me the illuminate/NWO nonsense thx.
——————————————————-

“By their fruits you shall know them…”

How that for an analogy? thx.

#149 Dharma Bum on 11.25.19 at 2:27 pm

#137 oh buoy

Honest question – how did you come to this conclusion?
——————————————————————–

The fact that the UN is a sham and a farce and a hypocritical gang of criminal governments is well documented and recognized by legitimate governments that refuse to kowtow to its biased agenda for political gain.

The articles and papers on this subject are myriad.

https://providencemag.com/2018/09/failure-un-case-united-nations/

#150 Sail away on 11.25.19 at 2:33 pm

#145 AGuyInVancouver on 11.25.19 at 1:18 pm

#111 Sail Away on 11.25.19 at 5:53 am
Re: Sahotas

—————————–

The days of the rentier class abusing their position with impunity is coming to an end. Be happy they’re not coming for you with pitchforks and lighted torches.

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Give them time

#151 Turn on 11.25.19 at 2:33 pm

DELETED

#152 Sail away on 11.25.19 at 2:44 pm

#145 AGuyInVancouver on 11.25.19 at 1:18 pm
#111 Sail Away on 11.25.19 at 5:53 am
Re: Sahotas

_ _ _

“…The current assessed value of both buildings is about $3-million.”

—————————–

So pay the owners about $3-million

#153 IHCTD9 on 11.25.19 at 3:07 pm

#148 Ponzius Pilatus on 11.25.19 at 1:36 pm

Would leave in a flash.
Problem is. Can’t leave my F-150 behind.
____

Just take it with you! It’s 1.82/litre CAD for gas in Austria right now, but you’ll save so much on insurance compared to BC, you’ll probably still come out ahead!

#154 AGuyInVancouver on 11.25.19 at 7:09 pm

#155 Sail away on 11.25.19 at 2:44 pm
So pay the owners about $3-million

_ _ _
You apparently have poor reading comprehension. The cost for the city to stabilize and repair the buildings is far greater than $3 million.

#155 Sail Away on 11.25.19 at 8:19 pm

#157 AGuyInVancouver on 11.25.19 at 7:09 pm
#155 Sail away on 11.25.19 at 2:44 pm
So pay the owners about $3-million

_ _ _
You apparently have poor reading comprehension. The cost for the city to stabilize and repair the buildings is far greater than $3 million.

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Dollars to donuts says the city doesn’t get away with it

#156 Donn Guillermo on 11.25.19 at 9:00 pm

#149 thebarold on 11.25.19 at 2:08 pm
Perfect. Now that there is a Minister of middle class prosperity [!??!?],

**********************************************
Monty Python predicted this years ago as the “The Ministry of Silly Walks”

#157 Ponzius Pilatus on 11.26.19 at 12:18 am

#156 IHCTD9 on 11.25.19 at 3:07 pm
#148 Ponzius Pilatus on 11.25.19 at 1:36 pm

Would leave in a flash.
Problem is. Can’t leave my F-150 behind.
____

Just take it with you! It’s 1.82/litre CAD for gas in Austria right now, but you’ll save so much on insurance compared to BC, you’ll probably still come out ahead!
———–
The issue is I’ll stand out like a Dinosaur.
They probably key it and smash the windows.
Savages.