Selling a home for 2x to 8x what you paid isn't being a financial genius and having invested right in your future.
It's taking the next in line's life productivity (earnings) and pocketing it today because you own a scarce essential ressource: property.
#cdnpoli#HousingCrisis
"By handing owners lottery-like gains in equity, the housing market has validated the almost religious belief of Canadians that owning a house is the foundation of financial success. But it's also ripping the financial fabric of life," @rcarrick writes
https://t.co/IpPipFmR1H
Can't be emphasized enough how much the Anglo world has shot itself in the foot by making housing *the* socially guaranteed risk-free asset.
Price declines in housing are impossible for us to even imagine without changes to banking, credit policy & financial stability regimes.
Ugh, don't you just hate all of new gentrification buildings in Brooklyn?!
JK: this building will will contain 69 affordable homes for low-income families earning between 50 and 70 percent area median income (AMI) and 105 homes for the formerly homeless.
https://t.co/wFdE81rrdg
@NukitToBeSure Congrats on having the Torches publicly recognized by established experts! That article should be on your website!
That’s way more serious and convincing than anonymous randos on the internet making things up.
Not sure what is going on with @HealthcareGlob1 - they sure seem to have it out for @NukitToBeSure.
They blocked me after I pointed out that they were incorrect. I could care less about being blocked.
I do care they did not address the issues I raised. 🧵
@katewillett@ProfDavidFields …and then y’all use environmental regulations to advocate others (people wanting homes) are pollutants so homes don’t get built and then homelessness goes up *like magic*.
@katewillett@ProfDavidFields Can you provide evidence of YIMBYs lobbying SCOTUS to legalize homeless sweeps?
Because YIMBYs pretty much don’t shut up with “we should build them homes NOW” but y’all think it’s too close to where you live or want to hang out…
Attention Street Design Nerds! One of the most intriguing cities in recent years at reconsidering streets for people instead of just for cars, Oslo Norway, has translated their Street Design Manual into English and put it on-line. Worth digging into. #Oslo
https://t.co/z6VdiksYLO
NEW: CycleToronto and other citizens have launched a Charter challenge of the Ford government's law to remove bike lanes. CT's executive director is not present at the Queen's Park announcement because... he was doored on Monday in a painted bike lane and is hospitalized.
The most important thing about this amazing Paris transformation is how fast it happened — how fast people on bikes “appeared” — once streets were transformed. You can’t write this off as “Paris was always this way,” because it wasn’t.
It took leadership.
Canada Post is a public service and we should NOT expect it to make a profit. Do we expect parks to turn a profit? Or emergency services? Do roads turn a profit? Canada Post provides a broad service to Canadians and SHOULD be government funded and maintained.
@Dandeld1@JdeMontreal Comment feront UPS et DHL pour engendrer ces profits si Poste Canada n’est pas là pour faire les derniers kilomètres pour eux quand ce n’est pas rentable?
Tu accepterais que 15% des Canadiens n’aient pas accès à des services postaux?
Another month, another drop in Austin rents.
The average price of rent on an Austin-area apartment fell to $1,456 a month in November. That's down ~ 6% from last year and marks more than a year and a half of falling rents.
I wrote about this in Sept: https://t.co/VmSBydUXG9