Great Success!

6 Replies to “Great Success!”

1. I live in a retirement community, they turned half of it into rental properties with no credit check, no employment check and they allow pets-fast forward when the pets die they leave who’ll replace those renters-500 sq ft for 1800 a month. So they built a high rise, 2800 a month not including parking and you have to maintain the appliances the building is half empty. They got greedy during Covid and now everything is crashing and burning.

2. This what an effete plutocratic Constitutional Monarchy circling the golden toilet bowl looks like. Faster please.

3. When it costs more to build a house than people can afford to spend on housing, housing doesn’t get built. We’ve become a poor third world country and people will soon be living in shantytowns like you see in India and Brazil. At least in India and Brazil you’re less likely to freeze to death.

   On a positive note, when it gets bad enough, people will stop coming and the people who are here who have an escape hatch will leave.

4. Nonsense. The Carney Admin. has just announced a BRAND NEW affordable Canadian housing program.

   http://cdn.c.photoshelter.com/img-get/I00008gPtiTssBb4/s/650/NELD-091.jpg

   When properly compacted, moisture conditioned and swept … the dirt floors wear just like prefinished hardwood floors …

5. If you are a builder and you believe carney et al are remotely sincere you will naturally delay applying for building permits or getting financing in place because the government is promising to make this easier and cheaper. Why build at 400,000 per unit if you expect a subsidy to come along to bring that down to 300,000?

   On the other hand, if you don’t believe carney et al have any intentions of carrying through on this then you don’t build either because your customers won’t be able to afford your product.

   Bear in mind that the lowest interest rate available today is 6%, so a $500,000 mortgage requires 2500a month after tax income just for interest. Add taxes Add insurance and some reduction in principle and you need a salary of 72 to 80,000 a year just to live in a cheap house In any major municipality in Canada today.

   1. The flaw with the wait and see approach is that you can build at $400k for 559 sq ft now, but while you are waiting for the new government program, everything is going up in price, so next year, even with the $100k government subsidy, it’s still going to cost more than $400k per unit.