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BNN Bloomberg
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Comments by "" (@shauncameron8390) on "BNN Bloomberg" channel.
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@tammyvibes87 Because hard-working people are generally lousy with personal finances and some live beyond their means.
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Renters make up only 34% of the population with the vast majority living in the big cities.
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But this is what rent control enabled as they are filling the void left behind by ordinary people getting taxed and regulated out of ownership.
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@dougpatterson7494 <I support a return to 2019 home price levels.> Do you also support a return to 2019 wage levels?
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<they will never build more than demand as that would reduce profit.> Currently, they're barely allowed to build as bureaucracy and restrictions have made new housing costly to build.
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Our government is the problem.
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With some of those have being former have-nots.
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@Rnankn No they haven't. Government meddling is the reason for the housing crisis.
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Detroit is far from densely populated. Its decline was due to de-industrialization and race politics.
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<Raise taxes on the rich. Put in price controls on rent. Build Government run affordable housing units.> With the rich being your next-door neighbor doing a tad better than you. Price control = Venezuela, we have a new challenger. Only to become poverty, blight and crime-ridden slums within a couple generation.
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@abcdedfg8340 But if you care about you future and/or your family's, you'd be investing.
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Translation: Toronto, Vancouver or death.
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Social democracy is just not sustainable in the long run like the communism/socialism that inspired it.
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@amsd1231 Too prosperous for their own good.
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Along with ridiculous and excessive regulations.
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When Ontario and Quebec represents 56.8% of the total population, this is what you can expect.
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Can't afford the rent? Move out or get a roommate.
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@MeMe-cz6pk Exactly.
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<but it is a great example of why we need purpose built rental and other housing options instead of relying on condos to supply rental and new housing.> You have only bureaucracy and NIMBY to thank for why you can't have them. Too costly and/or all but completely illegal to build and maintain.
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@MrMusashiMusashi <Remember, profits are the only thing these companies care about> Like any other self-respecting company. They're not charities.
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Not everyone works from home.
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@icyglam1895 Apparently, most Canadians don't miss Zeller's.
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@dickriggles942 Why don't YOU go away?
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@eanerickson8915 Courtesy of the private sector both workers and bosses alike and debt-financing.
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@George-z4d Something a Liberal/NDP voter would say.
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@Cutlerypotato I don't know. Ask Detroit how it survived without a tax base.
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LMAO. No. Greed will not disappear even if money was eliminated tomorrow. It didn't disappear in Cambodia when Pol Pot tried to install his Year Zero policies.
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How can it be forced on you when you voted for Trudeau by choice?
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Liberals are for elites and deadbeats.
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Better that than state monopolies where shortages and weaponization abound.
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@RisetoStrength Canada is just living off of US largesse.
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Ruled by greedy socialists.
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To the benefit of local Boomers who happen to own some property.
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<It's a worldwide problem> Not in Japan, Venezuela or Switzerland .
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@sharinglungs3226 And neither will the NDP as they'll probably bankrupt the country like they did the provinces.
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About as much as they need to see food availability reduced along with it.
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@Hyperpandas And too costly to maintain.
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You mean the GTA and Lower Mainland have been flooded with immigrants for decades. There are places left to live, but Canadians are too snobbish to consider them.
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Not really as Canada has a major household debt problem due to too many Canadians living beyond their means and being lousy with personal finances.
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This is the big government welfare state social democracy Canada asked for.
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<That will never be used as apartments for long term rentals> Because long-term rentals are no longer viable.
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@fluffytail6355 And the legacy of Justin's step-father lives on. He was the one who made it acceptable for immigrants to not assimilate as assimilation was "racist."
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@Thatanonguyintheback <Other countries have 80% public funded housing> Yet they're in the middle of a housing crisis as well.
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Higher education is a privilege just like it was during Jesus's time.
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City-dwelling Liberal/NDP-voters have that down pat.
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@annzoo2573 While the liberals are taxing the crap out the middle class into poverty.
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3:56 Due to high taxes, government over-regulation and a Canadian culture that frowns upon success and productivity prompting anyone with talent and ambition to move to the US.
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<privatize basic human needs, > Which is a good thing since the government has proven too incompetent and wasteful to provide such itself in an efficient and adequate manner.
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Canada is becoming the countries many immigrants fled from where repression and regression are the order of the day.
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The real reason is because Quebec is allowed to operate as a de-facto country at Canada's (namely Alberta's) expense courtesy of Justin's daddy. If anything, Canada's paying the price for the British being too kind to the French after kicking their * in the War.
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