Hi, I work in real estate development. This is insane.
Yes, most projects are struggling. No, taxpayers should not be used to backstop private developers who misjudged the market.
If government wants more housing, build housing. Build it at cost.
That would be bad for my industry, but good public policy isn’t supposed to protect our profits, it’s supposed to serve Canadians.
Conservatives are like "they're going to turn these condos into public housing slums!" and lol no they aren't. God I wish. They're going to help finance some private equity fund turning them into profitable market-rate rentals with a handful of slightly-cheaper units mixed in.
על כל דמעה של אמא ישראלית, אלף אמהות לבנוניות צריכות לבכות. לבנון כולה צריכה לבעור!
עם כל הכבוד לאמריקאים, ישראל חייבת להבהיר לעולם כולו שדם בנינו וביטחון אזרחנו איננו הפקר. לבנון כולה צריכה לבעור. חובתנו העליונה היא להגן על אזרחי ישראל ועל חיילי צה״ל, והמחויבות הזו קודמת לכל שיקול אחר.
אמרתי לראש הממשלה, גם בישיבות בינינו: על כל דמעה של אמא ישראלית, אלף אימהות לבנוניות צריכות לבכות.
מספיק עם הפינג־פונג. במזרח התיכון לא מנצחים בתגובות מדודות ובהכלה - צריך להשתגע. למחוק. להכריע את הטרור.
Canada's "exit tax" is a deemed disposition that triggers tax on unrealized capital gains, along with a re-basing of the asset values. USA does the same thing.
Without this deemed disposition, there'd be a mile-wide tax loophole of changing your residency to re-base tax-free.
Some of us boring Middle East analysts have spent the past 3 years warning that a US-backed Israeli strategy of regional dominance based on military superiority was not only destructive and bloody, but also doomed to fail in ways that make it worse for almost everyone.
Instead a coterie of powerful Western intellectuals and ex-officials embraced that agenda and dominated the airwaves, podcasts and oped pages.
The simple reason for that: there is insufficient agreement on the nuclear issue, and since both sides want the first two points (ending the war and opening the strait/ending the blockade), they have agreed to not let the nuclear issue stand in the way.
So it's being punted into the future.
That's it.
Hawks are melting down and accusing Trump of betrayal, but the reality is that no US president before him had been willing to follow Israel's lead on Iran like he did and no US president will after him.
They shot their shot and missed, but instead of accepting it and updating their views on what is possible given existing political and economic constraints, they will embrace a "stabbed in the back" narrative.
I think @coldxman deserves applause for his honesty here. Unlike most apologists for Israeli apartheid who use platitudes to whitewash Israel's atrocious policies, Coleman openly admits that Israel oppresses Palestinians and denies them their rights, but he's ok with it because he prioritizes one group's safety & freedom over another's, and he's worried about the speculative risk the first group might face if the second group were afforded basic human rights.
Of course the conclusion is still morally horrific, but at least it's honest. I wish all of Israel's supporters had the courage to state things this plainly so we can have honest debates between those who see human rights as universal & those who don't.
Also, kudos to @PeterBeinart for always getting to the heart of the issue.
Incidentally, if Israeli public opinion is that Trump hasn't been sufficiently supportive of Israel, the whole Israeli political culture needs to do some soul-searching because Trump is easily the most friendly president they're going to see for the next... well, forever.