Great Success!

10 Replies to “Great Success!”

1. And these assholes (Liberals, FYI) got back in again with almost a majority. We’re stuck on stupid.

2. This is not surprising, as multiple pre-sales for MFDs have utterly failed in the last few months, including a few relaunches. Additionally, buildings that are closing aren’t able to be mortgaged or take advantage of the “Assignment rights” because the values of the units are lower than the sale price. Some banks are trying to help, by accepting “declared value”, with the hope that by the time the mortgage renews it won’t be for over 100% of the equity, but they are also pricing that risk into the mortgage rate.

   We may even see the return of the mid 80s crash in Toronto.

3. Consider the stupidity of a government trying to increase housing starts in an environment of FALLING house/condo prices. It’s almost amazing how stupid it is. No builder is going to go for that.

   But even more stupid is that GOVERNMENT POLICIES are what is driving the prices down, specifically taxes. Remove the capital gains tax, prices go up. Magic, right?

   But the crowning glory is that all this is happening at a time when housing is at an all-time shortage, and people are literally living in tents in the parks in the WINTER, because of government immigration crushing Canada with unwanted, un-needed and unwelcome -hordes- of immigrants from the 3rd world.

   Think of it. This government has managed to create falling house prices during a house shortage. Amazing.

   1. uhuh. aaaaaaand to think ONE and ONLY ONE guy did that.
      permitted, asked and authorized by millions but the FINAL DECISIONS
      were his and ONLY his.

      but again with the BACKING of sufficient of the brain damaged Canaduhian zombies called electorate. so *get to the root of the problem* which is generations of voting patterns. feel free to remind Canaduhian voters all the whine whine whine byatch byatching is on issues THEY demanded with their ballots.

4. Where’s the “investment” money going?

   Into Liberal party members’ pockets (where it then gets, a la Mark Carney, invested in the US)

5. Cubada.
   Liberal voters won’t hit rock bottom in their lifetime.

   Look to The West,
   where the future is bright.

   A fine and harsh inditement by Dan Knight

6. Here in CA … the government loads up every project with expensive and unnecessary pet “solutions” to problems THEY have created. For example: All new homes and remodels that add more than 50% of the existing floor area require fire sprinklers. That adds about $6.00/sq.ft. to project cost. PLUS! You need a new dual-service, upgraded water meter. The last one I dealt with was $40,000.00 – for JUST the water meter. That’s not an exception of some sort … that’s the average cost for the physical water meter + “capacity fee”.

   Remember! “We don’t have enough water in CA” .. but we FLOOD (sorry) the State with illegals and say we need to build 3.5 million new homes by 2030. That’s a LOT of new water meters for water we don’t have. Oh! And to make it worse … ALL those NEW 3.5 million homes … need to be “affordable”.

   So … assume you were lucky and bought a little 1,200 sq.ft. Post war fixer-upper and want to add 700 sq.ft to create a GARGANTUAN McMansion of 1,900 sq.ft. *snicker* … you will pay $40,000. + 1,900 x $6.00/sf = $51,400.00 … JUST to pay for the fire sprinklers. Nope. The fire sprinklers add NOTHING to your homes value. Add NOTHING to your homes enjoyment or operation. And no … the fire sprinklers INSIDE your home will do NOTHING to help prevent a wildfire. In fact the residential fire sprinklers are only designed with flow required for 4 sprinkler heads fully operational. Four heads. If you’re lucky it will extinguish grandma’s dropped cigarette.

   Oh! And solar panels are required. “Cool Roofs” are required. Title-24 Energy Regulations are costly … and I haven’t even gotten into the Planning and Permit Fees … or the School District Developer fees which are over $6.00/sf in my area. Some cities actually have an “Affordable Housing Fee”. In Oakland, that AHF is: $24,000.00 per new home.

   Government do-gooders are the problem

7. Canada is a very, very large place and most people who live here don’t want to live in most of it.
   Its too cold and too dark for too long with “a whole lotta nothin” as far as the eye can see.

   Even if it could, the government doesn’t want to solve problems.
   And it certainly doesn’t want to solve problems it made on purpose.

8. It’s not entirely the feds.

   The provinces and municipalities are also retarded fools.

   I’m in BC trying to build a shop and boathouse, essentially a medium size garage, at a cottage property. The number, variety, cost and insanity of the hoops I have to jump through are startling.

9. Looks like Canada needs another 10 million New “Canadians” to stimulate the economy.( Tax harvest )