A house is a capital asset. Like all real capital assets it depreciates, requires maintenance expense, has a finite useful economic life, but for that duration produces a consumable good. That is the very definition of an investment
@PythiaR Strong opinions on things that you cannot demonstrate basic knowledge of is what I want in a counterparty but not in a staff member or a political leader.
@jasonpereira@dima_nomad If ur borrowing to purchase ZEB w LOC/IL, Interest due monthly. Monthly distribution makes interest payment simple, instead of scattered qtrly divs
Plus taxes ez with one inflow/outflow if non-reg IA and ur deducting int charges
Lots of things to hate in the game, this not one
@rcarrick Yeah they are - why did you write articles and tell millions of Canadians it’s better to rent rather than owning - that was a massive mistake that ruined a lot of lives - you owe the renters who followed your advice an apology -
1. I always tell people, if you want to know how things are in China, watch what Chinese people actually do.
2. You will know that China has achieved true dominance when you start seeing stories about desperate Americans trying to sneak into China after a long, dangerous trek.
I still think we won't have a recession anytime soon.
Individuals benefitted from trillions of dollars of underpriced mortgages. That will last for years.
Banks lost; individuals won.
Great news for Canada: because of our strong economy, resilient institutions, and overall prudent fiscal management, S&P has reiterated our AAA credit rating.
New meta-analysis (as part of an adversarial collaboration) shows little evidence of bias against women in most domains of academic science.
Data is crucial when thinking about public policy.
https://t.co/gIE6YddUdk 1/
The Holocaust can too often feel like an event of the past. But the antisemitism that led to it is, unacceptably, still very present. At the National Holocaust Memorial, we marked Yom HaShoah and recommitted to condemning and combatting this hate whenever and wherever we see it.
I’m on YouTube! You’ll find videos about the budget process, the new Canadian Dental Care Plan, the Grocery Rebate, and much more. Check it out here: https://t.co/H9YKPe6H30 – and be sure to subscribe so you never miss an upload.
Gambling is an Acceptable Vice for most people, but a Fatal Addiction for others.… All medicines are deadly and dangerous, if taken repeatedly in large doses.
Every day, police officers put themselves in harm’s way to keep people safe. The news that two @EdmontonPolice officers have been killed in the line of duty reminds us of that reality. I’m sending my condolences to the officers’ loved ones and colleagues – we’re here for you.