13% business vacancy rate on commercial properties along Queen Street East In Toronto Lease Prices no less than $4000 Per Month at near 0% Interest Rates – April 22, 2019,

There’s an assumption that automation is replacing humans, it’s a lie, if there’s one person that really irritates me currently it’s Andrew Yang, who keeps spewing fake news that Automation is having a severe impact on the world economy. It’s not, automation is actually helping the world economy, the reality is automation makes an employees job easier, but it only replaces the employee if the employee is an irritant to the employer.

An employee can be an irritant to an employer in a few ways, the first is hiring a politician who creates regulations like a higher minimum wage or other regulations that make being a business owner more costly, another way is, of course, joining a union. The contradiction of a labor union is that the workers always have a right to quit, the problem is if they quit they’ll have to either work for themselves or work at a job that pays them less money, so from a common sense perspective, a labor union is collectivized extortion. Power to the people who turn on the minority, who protects itself by working hard to automate jobs away.

Now, the worse part of all of this is that most people don’t understand the relationship between near 0% interest rates and supposed job and retirement security. Obama bailed out the U.S big banks and corporate entities primarily because of 401K’s and other entitlements, now if people remember Canada’s housing market didn’t crash, at least to the degree America’s did in 2007-2008 yet, the Bank of Canada deemed it wise to lower interest rates anyway? Interest rates in Canada are lower right now than interest rates in the United States when their housing market flat out crashed? Does that make any sense? Well, it does if you look at commercial property prices since 2007-2008.

In Toronto, as an example, a lot of rental and commercial properties are being converted in Condos. There’s this assumption that there’s no trade-off to this happening. To the people that don’t understand real estate, if a building or house is built in the middle of nowhere, meaning there’s no nearby stores or commercial businesses nearby that house better be a huge house that’s worth the commute into civilization, because in market terms that home will be worthless.

I’ve personally never been a fan of that whole Queen Street East and Kingston Road area, I’ve always found it inconvenient, it’s inconvenient to take the bus there, it’s inconvenient to drive it’s inconvenient to even go to the downtown core and then depending on where you live there are the streetcars and the really small old semi-detached houses. It’s an area that you’d have to grow up in to appreciate. I’ve known of businesses shutting their doors in that area when commercial property prices were cheap, it’s never been a high volume area, it has it’s peak periods, peak times, but it’s not known as the desired location, however I can understand why the people who live there would assume it is. Furthermore, I can also understand why certain real estate investors would assume that property prices in that area are going nowhere but up.

But for someone like me that frequents that area, that’s been employed in that area, that grew up in that area, it’s a part of the city I’d rather avoid, maybe go there once or twice a year for a celebration or something like that, but in terms of walking around, driving around searching the local shops, the value of that area would come if the commercial businesses offered more variety, which currently it doesn’t because commercial space all over Toronto is too expensive. Now, what used to happen in Toronto and this happened mostly in the West end of the city is people would be incentivized to visit certain areas because of bargain stores or restaurants or special events etc.

There would be multiple reasons to go to a particular spot in the city, now for the most part prices for everything have ballooned which of course means people are more particular, they’ll do more research online, they’ll consider and weigh the pros and cons of going to a particular area. As a person who drives one of the major cons going to the beaches is paid parking, take the bus or train, you say?

Well, the beaches is a distance from the nearest Danforth line train station which means as a visitor you’d have to take the Streetcar there and back or you can make the 40+-minute walk, there and back and it’s not like you’ll be walking down a strip of stores and events on your way to the beaches to keep you entertained, no you’d mostly be looking at residential housing on your way to the beaches. It’s even a boring bike ride.

In an era of low-interest rates prices for undesirable properties have ballooned, furthermore, you can’t blame commercial property owners for selling out to condo developers who are bidding high prices in some instances believing that there’s a lot of potential in that section of the city. There’s a myth that automation is taking away our jobs, it’s a lie, the government and the uninformed voter is voting away jobs for welfare. Well, my friends that welfare bill is coming due, be prepared to pay. Small businesses not being able to pay the bills in mass, is usually a signal that the market fundamentals are out of whack, which usually ends up in a correction of some kind. a Wall Street/Bay Street correction that’s one thing, a Main Street market correction these will lead to an economic crisis!

Amid 13% business vacancy rate, campaign aims to bring people back to the Beach – CBC

Interesting times ahead