Taking Advantage of Artificially low-Interest Rates: Career Politician Pierre Poilievre among the dozens of MPs with rental property amid housing crunch – April 21, 2022,
In the interest of transparency for the reader, I will first say that I like Pierre Poilievre, but I like myself and my country more. Just because I’d prefer
Pierre Poilievre be the Prime Minister instead of Justin Trudeau doesn’t mean I won’t criticize him, unlike the mainstream media I call it like I see it unfiltered. Because Pierre Poilievre will likely be the leader of the Conservative Party of Canada, the media is going to dig dirt on him, the problem is the person he’s running against is far dirtier, making matters worse the “Deputy Prime Minister(whatever that means)” Chrystia Freeland has some dirt on her that will follow her around for the rest of her life.
Pierre Poilievre whose main source of income came from working for the government got himself some rental property, why are my thoughts on this? Meh! He’s not the first to enrich himself via government and he likely won’t be the last. What I wonder about Pierre Poilievre is if he’ll dissolve into some sort of Donald Trump personality when his net worth might be at risk because he enacts some legislation that won’t benefit him financially.
When former U.S President Donald Trump noticed Jerome Powell was raising interest rates, Donald Trump went on the attack. Why, exactly did Donald Trump go on the attack when Jerome Powell began aggressively raising interest rates? Could it be that Donald Trump’s net worth would take a hit as interest rates rose? I don’t know, but I’m allowed to speculate that this may have had something to do with it.
Leftists tend to do great journalism when it’s someone they hate, so expect left-wing news organizations to do some serious serious digging into Pierre Poilievre’s personal life. The story below does have value to me because one of my main topics on this blog revolves around the Canada Mortgage and Housing Corporation(CMHC) and The Bank of Canada(BoC).
These 2 entities prop up the housing market and give real estate investors more money to borrow. I’ve argued that Canada doesn’t have a housing shortage problem, the problem is that the housing being built in Canada namely the Condos are based on individuals and entities using the government-subsidized housing market purely to flip property like stocks. I do believe speculators are buying condos, they can flip at a later date, but I’m of the belief that people who want housing to live in have little desire to own a condo.
What I’m getting at is that a lot of condos being built should have been rental purposed housing. So when I listen to Pierre Poilievre talking about building more housing, and the fact that he has rental property, I have to wonder, what’s going on there. I have a right to question public servants, even if I like the guy it doesn’t mean that I’m not going to question or criticize him.
The story below is news to me, at the moment I don’t care, but as was the case with the Now Disgraced Former Minister of Finance of Canada Bill Morneau, if you’re going to pick winners and losers because you set to gain I’m going to make sure I educate people as to why a politician might be enacting certain economic policies.
Pierre Poilievre among the dozens of MPs with rental property amid housing crunch | globalnews.ca
Interesting times ahead!