Picking Winners and Losers: Justin Trudeau promises $40K Tax-Payer-Funded-interest-free loans homeowners while Real Estate and Rental Prices Soar in Canada – September 25, 2019,
So, renters in Canada are suffering while homeowners continue to live off of their labor. As you know vote-buying is the only things the modern Liberals do, so when the economic crash happens to Canada, I hope you understand why. Who you vote for is non of my business, but understand that Fractional reserve banking doesn’t equate to free money, the bank of Canada keeping interest rates at historic lows doesn’t equate to free money and deficit spending doesn’t equate to free money. Somebody has to pay these bills and when these bills come due, what’s going to happen is our creditors are going to stop lending us money.
Now, prior to the creation of the CMHC, you typically would have to be financially responsible and save up money to purchase a home. Well, there’s now talks of First-Time Home Buyers Incentive (FTHBI). The Canada Mortgage and Housing Corporation (CMHC) is a state-owned mortgage insurance company. Since Canada got rid of its version of The Glass–Steagall legislation, we now have a Crown Corporation known as The Bank of Canada and another State-owned Crown Corporation known as The Canada Mortgage and Housing Corporation, which insures mortgages in the event the individual defaults. This entire system revolves around keeping house prices inflated because it’s important to remember that the mortgage-backed-securities linked to the CMHC are worth a lot less in a free market. The mortgage-backed securities linked to the CMHC hold their value because in the event of a housing crash the Federal Government STEALS money from the taxpayer.
Because renters and Canadian taxpayers have been keeping this scheme together, Justin Trudeau and his blackface loving Liberal Party supporters in their desperation to hold onto to power are going to compound the problem.
Introducing their $40K interest-free loans? After reading the article below, how long do you give us? Can renters get an interest free loan? Suppose the labour associated with making homes energy efficient and safer from severe weather decide to raise their prices to meet the new demand, is there anything the government can do about it? One of the main reasons housing prices are so high is because the government artificially raised the pool of buyers. If the Canadian housing market is booming why do we still need training wheels? What’s the reason for the CMHC if home prices continue to skyrocket? It’s odd that no one ever asks these questions.
Whatever Canada, vote for this embarrassment if you want when labor starts leaving Canada and the economic crash happens don’t say we didn’t warn you!
Interesting times ahead!