Below cost is not necessarily a good deal if future costs to build would be lower and are largely driven by bad government policy. Repeal the red tape and let private sector build cheaper
Calling this a bailout misses the point.
Government is buying homes below what it would cost the private sector to build them, then using that deal to create affordable rentals and a path to ownership.
That is not rescuing a developer.
That is delivering housing for people.
@beyondtheRK@CanyonDriver@SwishTheory I also wonder if Cam Cameron can help revive Dalton due to their previous connections, maybe he can regain a pulse and contribute.
@MarkMcGrathCFP The solution is not more regulation and enforcement. It is rather more person responsibility and due diligence.
People need to realize that they can’t blindly trust titles and regulations and need to actually understand and take accountability for the decisions they make.
Bitcoin isn’t in the hands of anyone as it is immaterial matter. That’s the irony of bitcoin maximalists, they talk as if it is an actual hard currency or scarce/productive resource.
I highly doubt the US government owns only 30,000 BTC just because that's what the US Marshalls have. They could be held by any number of other US agencies. But if that's the case, very bullish. Less Bitcoin in the hands of the US government is good for Bitcoin.
@CoffeyTimeNews This only means Canadian would face further inflationary pressures. We import much of our food supply from the U.S. with no low cost alternative.
@Don_pacific_ @BigFatSmugCat @Tablesalt13 Even at 3.25%/3.85% that is like the lower bound of neutral, what are the odds rates don’t increase over the next 5 years. I would say highly unlikely.
@Don_pacific_ @BigFatSmugCat @Tablesalt13 Rates have already dropped significantly in anticipation of the economy. Also financial institutions will start/continue to increase their credit spreads which means less of the remaining interest rate cuts will pass through to end borrowers.