Housing affordability was NOT constant and NOT reasonable during the entire Stephen Harper era. Yes, The Cost of Living, including Housing Prices, is WORSE under Trudeau; end the LIES – June 24, 2023,
The same problem I wrote about under Stephen Harper is the same problem Donald Trump created in the United States. Donald Trump frequently brags about how SMART he is and how he is able to do all of these fantastic trade deals.
Donald Trump has a point; in compression to Joe Biden, Donald Trump is very smart, but politics in a democracy is cyclical; Donald Trump can only be President for 8 years, and most VOTERS have short attention spans and imagine that the ECONOMY runs on autopilot.
So when Americans voted for Joe Biden, and Canadians voted for Justin Trudeau, they IMAGINED that no matter how much spending, regulating, and taxing Joe Biden and Justin Trudeau did, the economy and their standard of living would remain the same.
Making matters worse, most of these Joe-Justin supporters STILL think that the economic policies of Biden-Trudeau have NOTHING to do with the down economy. I have to also remind the reader that people DEPENDENT on government welfare don’t pay taxes and, infact, don’t contribute their fair share to the economy.
What I’m getting at is that no matter how bad the economy gets, for most VOTERS, as long as they feel like they’re getting out more than they’re putting in, they’ll gladly vote for Stalin, Mao, or Hitler.
“The People” or the voting public are often imagined to be these “benevolent” individuals who are creatures of heaven, when infact, “The People”/ the majority are usually the root cause of corruption, EVIL, and help on earth.
I still believe that humanity is in the EARLY stages of democracy, the way democracy is designed in even the most advanced developed nations leaves much to the imagination. I think we’re pioneering democracy, but I certainly DO NOT think the Democracy we enjoy today will be the democracy that takes humanity to a much better place.
I bring this up because the MEDIA is so corrupt on all sides Left Wing media is not even worth consuming; most Leftwing voters don’t even watch Left Wing media, but Right Wing media is also rather annoying as most right-wing writers like to engage in REVISIONIST history.
The CMHC and MUNICIPAL VOTERS, not Justin Trudeau, are directly responsible for higher home prices in Canada.
First and foremost, CMHC existed in Canada long before Justin Trudeau became prime minister, and anyone paying attention should be aware that CMHC is DIRECTLY responsible for higher housing costs and rental and lease prices.
If I buy a house in a nice neighborhood and I can FIGHT congestion as well as condo and rental development simply by VOTING, I might do it. Can we have an honest conversation, please? Because Canadians are FULL OF SHIT! In Chicago as an example, crime is often situated in small parts of Chicago; why?
Because municipal voters in Chicago will often vote in what appears to be FAR LEFT POLITICS when infact, all they’re doing is voting to keep the CRIMINALS out of their neighborhoods.
Now, obviously, once a mayoral candidate for Chicago comprehends what’s going on, they’ll throw in welfare spending to get all the “poor” people on the bandwagon, but forget that voters vote STRATEGICALLY and typically don’t care whether it’s conservative or liberal, Democrat or Republican what the voter is voting for is PROTECTIONISM.
If you’re living in a major city, you’re going to have major city PROBLEMS; the good thing about people who love welfare is that they don’t like moving to rural parts because living in a rural area requires HARD WORK.
Furthermore, you lose a lot of CONVENIENCES living in a rural part of a country. I say this because CMHC was created by DEMAND; it was the Federal Government trying to BULLY municipalities into building more housing.
Rent Control is one of the dumbest laws that was ever made; however, it’s one of the laws that adds complexity to what’s happening at the municipal level because a Conservative and a Liberal might both be voting for PROTECTIONISM at the municipal level.
The leftists will say I want more rental controls, while the conservative will say I don’t want congestion or gang bangers as neighbors; in this instance, GRIDLOCK is a Godsend for Conservative; who knows that no builder in their right mind is going to build housing when they’re losing money, and no politician will want to build GOVERNMENT housing because of all the cost associated with it.
If a politician promises to build housing for the “poor,” that politician will have to RAISE taxes. If you’re building rental housing and the voters demand rent control, that equates to a CAP on your earnings.
This is where CMHC gets involved, and since CMHC got involved, a lot of new CONDOS have been built; now, a lot of these condo boards have rules against RENTING out units, and furthermore, if I own a condo that allows me to rent out my unit, I can kick out the tenant anytime I feel like it.
Sure, the government can change these laws, but the effect will likely be that fewer condo owners will rent out their condos, and if you weren’t paying attention to the municipal voters, they don’t want new builds in their neighborhoods.
Once you comprehend the madness of what’s going on, you’d quickly start to realize why housing costs keep rising and why the CMHC created a FLIPPERS market. The CMHC is a crown corporation that basically exists to prevent the Canadian housing market from COLLAPSING because Canadian taxpayers back their “mortgage insurance” product.
As an investor, once you comprehend the stupidity of the CMHC, your housing investment seems a whole lot more secure as long as you can make the minimum payments.
Now, part of the Pierre Poilievre platform, which is similar to the Stephen Harper platform, is to LOWER INTEREST RATES. Former Bank of Canada governor Stephen Poloz was one of Canadian history’s most dovish central bankers, lowering interest rates when he didn’t need to.
In the United States, that piece of shit Donald Trump, who went as far as to complain to Fed Chairmen Jerome Powell to lower interest rates while he claimed to have the best economy in the history of the world, gives you a glimpse as to how short-sighted Conservative Politicians are.
Personally, I think it’s IGNORANCE, but both Justin Trudeau and Joe Biden haven’t complained about higher interest rates. I think it’s because neither of them comprehends that their stupid economic policies are leading to higher interest rates, but this is why Conservatives are always viewed as DISHONEST.
Stephen Harper should have ABOLISHED the CMHC when he had the chance; instead, he hired a Central banker to help housing prices go higher; Stephen Harper did this STRATEGICALLY.
Now it’s backfired, but to say housing was affordable under Stephen Harper is a lie; one of the reasons Canadians voted for Justin Trudeau was because Trudeau lied and said he would make housing more affordable. If housing had been affordable under Harper, Canadians would have ignored Trudeau. Although I’m not a fan of the current Prime minister, people need to stop revising history.
Interesting times ahead!