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Post by scotiahockey on Apr 15, 2024 11:31:37 GMT -4
It’s a long ways out but when there’s people I know who work on the hill for the federal government and they’re talking about how their time is ticking, with basically no expectation of winning… hoping they can get enough seats to keep their jobs, I think it’s clear to everyone that Trudeau is on his way out. How is it clear when he has shown no indication that he is leaving? By on his way out, I mean not winning another election. I think he runs and from everything I’ve heard that’s the expectation but when people who work for the party, don’t think they have a chance to win government again, it’s kind of a sign.
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Post by moosefan1994 on Apr 15, 2024 12:19:01 GMT -4
A telling sign that politicians have of impending defeat is when you see a noticeable increase in the number of incumbent members retiring or going to the private sector.
Look at the Liberal/NDP MPs who have said they aren’t running for reelection.
40 years ago Pierre Trudeau was smart enough to know it was time to go after his walk in the snow. Justin is a narcissist and doesn’t know any better it would seem.
Like I said I want him gone really bad but I’m also looking forward to seeing him suffer a biblical defeat.
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Post by Captain Obvious on Apr 15, 2024 12:39:16 GMT -4
How is it clear when he has shown no indication that he is leaving? By on his way out, I mean not winning another election. I think he runs and from everything I’ve heard that’s the expectation but when people who work for the party, don’t think they have a chance to win government again, it’s kind of a sign. I think you'll see PP and the cons numbers drop once the real campaigns begin and expose his radical views.
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Post by Mika on Apr 15, 2024 14:00:35 GMT -4
By on his way out, I mean not winning another election. I think he runs and from everything I’ve heard that’s the expectation but when people who work for the party, don’t think they have a chance to win government again, it’s kind of a sign. I think you'll see PP and the cons numbers drop once the real campaigns begin and expose his radical views. Especially when he already has competition in that field with Bernier's People's Party. Not looking forward to this one. We essentially have five jackasses running against each other. None of them will help the country. As bad as Trudeau got, I do genuinely think Poilievre will be even worse. He runs on empty promises and a career where he really never accomplished anything. I don't think he's ever had one of his bills pass, he just got lucky with a party in shambles. We already lost when out of 40some million people, these are the best we could come up with.
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Post by moosefan1994 on Apr 16, 2024 7:54:24 GMT -4
Federal budget day today, the budget that Freeland says will lead to BOC rate cuts.
The problem is that the BOC rate is approximately 2% higher than what it should be because of the high spending by the Liberal government and they’re actively trying to buy votes in 2025 with extra spending already announced and will be announced in todays budget.
Oh well , I’m glad I still have until June 2031 to renew my mortgage.
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Post by Jack Bauer on Apr 16, 2024 8:55:18 GMT -4
By on his way out, I mean not winning another election. I think he runs and from everything I’ve heard that’s the expectation but when people who work for the party, don’t think they have a chance to win government again, it’s kind of a sign. I think you'll see PP and the cons numbers drop once the real campaigns begin and expose his radical views. At this point the only thing that can save Trudeau is Trump. If he wins and goes complete dictator that could blow up on this side of the border. Minus that there is no way in hell Trudeau is retaining any support like he has seen. The fact he hasn't stepped away already just shows how completely out of touch with reality the guy is. Before his personal issues came out he should have had federal politics in the rearview mirror. At this point its almost some sort of comedic relief watching him completely try this patch work policy nonsense while fighting with premiers on every major topic. And Polievre isn't even inspiring any confidence. He just has to not do or say anything completely stupid between now and Fall 2025 while hoping his American counterpart doesn't go completely batshit crazy if he happens to win in November.
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Post by Jack Bauer on Apr 16, 2024 8:59:52 GMT -4
Federal budget day today, the budget that Freeland says will lead to BOC rate cuts. The problem is that the BOC rate is approximately 2% higher than what it should be because of the high spending by the Liberal government and they’re actively trying to buy votes in 2025 with extra spending already announced and will be announced in todays budget. Oh well , I’m glad I still have until June 2031 to renew my mortgage. I bought a year ago and thankfully I bought in a smaller home in an area where even at over 5% my mortgage isn't outrageous. But I don't know how people with homes in the $400K-$600K range will be able to do it on their next renewals considering what they got in at. Even with some of these recent announcements I don't see any housing numbers coming in any way that will change anything. 100 years ago our grandparents all had like 10 kids in a 2-3 bedroom. How people have 1-2 kids in that 2-3 bedroom. But our population is growing. There's no way any of these singular announcements change a thing any time soon. We need to literally build new cities to help that problem.
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Post by scotiahockey on Apr 16, 2024 9:28:24 GMT -4
Federal budget day today, the budget that Freeland says will lead to BOC rate cuts. The problem is that the BOC rate is approximately 2% higher than what it should be because of the high spending by the Liberal government and they’re actively trying to buy votes in 2025 with extra spending already announced and will be announced in todays budget. Oh well , I’m glad I still have until June 2031 to renew my mortgage. I bought a year ago and thankfully I bought in a smaller home in an area where even at over 5% my mortgage isn't outrageous. But I don't know how people with homes in the $400K-$600K range will be able to do it on their next renewals considering what they got in at. Even with some of these recent announcements I don't see any housing numbers coming in any way that will change anything. 100 years ago our grandparents all had like 10 kids in a 2-3 bedroom. How people have 1-2 kids in that 2-3 bedroom. But our population is growing. There's no way any of these singular announcements change a thing any time soon. We need to literally build new cities to help that problem. Odds are they probably won’t be able to afford their 400-600K house that they got for basically free… I also don’t really blame that on anyone except the people buying the houses. There’s nothing that says you have to spend to your max but yet people do it constantly when purchasing a house and then they’re surprised when interest rates go up and they can’t afford it. Just because you can make the payments doesn’t mean you can afford it but that seems lost on a lot of people.
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Post by moosefan1994 on Apr 16, 2024 9:28:57 GMT -4
Federal budget day today, the budget that Freeland says will lead to BOC rate cuts. The problem is that the BOC rate is approximately 2% higher than what it should be because of the high spending by the Liberal government and they’re actively trying to buy votes in 2025 with extra spending already announced and will be announced in todays budget. Oh well , I’m glad I still have until June 2031 to renew my mortgage. I bought a year ago and thankfully I bought in a smaller home in an area where even at over 5% my mortgage isn't outrageous. But I don't know how people with homes in the $400K-$600K range will be able to do it on their next renewals considering what they got in at. Even with some of these recent announcements I don't see any housing numbers coming in any way that will change anything. 100 years ago our grandparents all had like 10 kids in a 2-3 bedroom. How people have 1-2 kids in that 2-3 bedroom. But our population is growing. There's no way any of these singular announcements change a thing any time soon. We need to literally build new cities to help that problem. Don’t get me wrong, Canada needs immigration but the problem is that we have a country with a population of 41 million people with an overall infrastructure that can handle 30 million at best. At least we have plenty of jobs available for young people who want to do that work- I get around Halifax a fair bit and see new cranes go up and buildings top out on a regular basis- I was in Montreal 2 weeks ago and was in awe of some of the juggernauts being built there, we are talking 40-50 floors. Are these affordable? If you are making six figures and the first digit ain’t a ONE then yeah. Like I said I’m glad I played hardball when I got my mortgage in 2021 by demanding a 10 year because as someone who had worked in the banking industry for too long I knew it was available if I persisted and my broker went to bat for me. Unfortunately I just got zapped with my condo fees because of the HRM property tax increase and insurance rates going nuts but that’s life as a “homeowner”.
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Post by moosefan1994 on Apr 16, 2024 9:32:23 GMT -4
I bought a year ago and thankfully I bought in a smaller home in an area where even at over 5% my mortgage isn't outrageous. But I don't know how people with homes in the $400K-$600K range will be able to do it on their next renewals considering what they got in at. Even with some of these recent announcements I don't see any housing numbers coming in any way that will change anything. 100 years ago our grandparents all had like 10 kids in a 2-3 bedroom. How people have 1-2 kids in that 2-3 bedroom. But our population is growing. There's no way any of these singular announcements change a thing any time soon. We need to literally build new cities to help that problem. Odds are they probably won’t be able to afford their 400-600K house that they got for basically free… I also don’t really blame that on anyone except the people buying the houses. There’s nothing that says you have to spend to your max but yet people do it constantly when purchasing a house and then they’re surprised when interest rates go up and they can’t afford it. Just because you can make the payments doesn’t mean you can afford it but that seems lost on a lot of people. Not to mention the people who bought a second house for high rental income with easy money, those I am conflicted with as they should have known better but I know when they start defaulting it will hurt me because the bank I work for will be absorbing some losses.
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Post by Jack Bauer on Apr 16, 2024 9:40:44 GMT -4
I bought a year ago and thankfully I bought in a smaller home in an area where even at over 5% my mortgage isn't outrageous. But I don't know how people with homes in the $400K-$600K range will be able to do it on their next renewals considering what they got in at. Even with some of these recent announcements I don't see any housing numbers coming in any way that will change anything. 100 years ago our grandparents all had like 10 kids in a 2-3 bedroom. How people have 1-2 kids in that 2-3 bedroom. But our population is growing. There's no way any of these singular announcements change a thing any time soon. We need to literally build new cities to help that problem. Odds are they probably won’t be able to afford their 400-600K house that they got for basically free… I also don’t really blame that on anyone except the people buying the houses. There’s nothing that says you have to spend to your max but yet people do it constantly when purchasing a house and then they’re surprised when interest rates go up and they can’t afford it. Just because you can make the payments doesn’t mean you can afford it but that seems lost on a lot of people. Its so easy to get caught up in everything when going through it for the first time. My mortgage broker basically said you can afford X and I said well give me something thats like 50-60% of that because I dont want to be house poor. They laughed. I found a place in my price range. You can't let others dictate your own affordability.
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Post by Jack Bauer on Apr 16, 2024 9:47:06 GMT -4
I bought a year ago and thankfully I bought in a smaller home in an area where even at over 5% my mortgage isn't outrageous. But I don't know how people with homes in the $400K-$600K range will be able to do it on their next renewals considering what they got in at. Even with some of these recent announcements I don't see any housing numbers coming in any way that will change anything. 100 years ago our grandparents all had like 10 kids in a 2-3 bedroom. How people have 1-2 kids in that 2-3 bedroom. But our population is growing. There's no way any of these singular announcements change a thing any time soon. We need to literally build new cities to help that problem. Don’t get me wrong, Canada needs immigration but the problem is that we have a country with a population of 41 million people with an overall infrastructure that can handle 30 million at best. At least we have plenty of jobs available for young people who want to do that work- I get around Halifax a fair bit and see new cranes go up and buildings top out on a regular basis- I was in Montreal 2 weeks ago and was in awe of some of the juggernauts being built there, we are talking 40-50 floors. Are these affordable? If you are making six figures and the first digit ain’t a ONE then yeah. Like I said I’m glad I played hardball when I got my mortgage in 2021 by demanding a 10 year because as someone who had worked in the banking industry for too long I knew it was available if I persisted and my broker went to bat for me. Unfortunately I just got zapped with my condo fees because of the HRM property tax increase and insurance rates going nuts but that’s life as a “homeowner”. What Canada needs are premiers who understand what obligations they have and who invest in things like housing and health care before they become crisis points that just lend to political pandering at election time. Health care is still getting worse. And I know come provincial election time thats what I will hear about. But I will not see any positive change after the election ends. Simply more promises while the systems within continue to implode. Housing is now the same. People only care when they know people who can't find places. Now its a political issue. But there hasn't been any provincial housing supply in any real number added for decades. The government supply will help the crisis before private developers do. They're just selling to the middle class whose homes are being moved from are not dropping in value to help that bottom end as the poor in poverty keep growing in numbers. Want to get rid of tents? Build low income housing. A $460K house in the suburbs built by a private developer is only helping those established in careers. And the $900 rent they're moving from is now $1600 for the next guy. We're just so fortunate to have avoided a bad recession during all this.
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Post by Captain Obvious on Apr 16, 2024 11:43:59 GMT -4
Odds are they probably won’t be able to afford their 400-600K house that they got for basically free… I also don’t really blame that on anyone except the people buying the houses. There’s nothing that says you have to spend to your max but yet people do it constantly when purchasing a house and then they’re surprised when interest rates go up and they can’t afford it. Just because you can make the payments doesn’t mean you can afford it but that seems lost on a lot of people. Its so easy to get caught up in everything when going through it for the first time. My mortgage broker basically said you can afford X and I said well give me something thats like 50-60% of that because I dont want to be house poor. They laughed. I found a place in my price range. You can't let others dictate your own affordability. That is one of the issues in today's climate, young people just out of college/university/trade school buying a huge house plus new car and new 4 wheeler because they can get the financing then really struggling when rates go up. I started out with a duplex where I had rent for the other side plus a roommate, I had payments low enough that I could double them for most of the time I had it.
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Post by Captain Obvious on Apr 16, 2024 11:45:58 GMT -4
Don’t get me wrong, Canada needs immigration but the problem is that we have a country with a population of 41 million people with an overall infrastructure that can handle 30 million at best. At least we have plenty of jobs available for young people who want to do that work- I get around Halifax a fair bit and see new cranes go up and buildings top out on a regular basis- I was in Montreal 2 weeks ago and was in awe of some of the juggernauts being built there, we are talking 40-50 floors. Are these affordable? If you are making six figures and the first digit ain’t a ONE then yeah. Like I said I’m glad I played hardball when I got my mortgage in 2021 by demanding a 10 year because as someone who had worked in the banking industry for too long I knew it was available if I persisted and my broker went to bat for me. Unfortunately I just got zapped with my condo fees because of the HRM property tax increase and insurance rates going nuts but that’s life as a “homeowner”. What Canada needs are premiers who understand what obligations they have and who invest in things like housing and health care before they become crisis points that just lend to political pandering at election time. Health care is still getting worse. And I know come provincial election time thats what I will hear about. But I will not see any positive change after the election ends. Simply more promises while the systems within continue to implode. Housing is now the same. People only care when they know people who can't find places. Now its a political issue. But there hasn't been any provincial housing supply in any real number added for decades. The government supply will help the crisis before private developers do. They're just selling to the middle class whose homes are being moved from are not dropping in value to help that bottom end as the poor in poverty keep growing in numbers. Want to get rid of tents? Build low income housing. A $460K house in the suburbs built by a private developer is only helping those established in careers. And the $900 rent they're moving from is now $1600 for the next guy. We're just so fortunate to have avoided a bad recession during all this. One issue right now, we have it in NB, is the provincial government is getting the money and putting it into surpluses instead of what it's allocated for. I'm all for reducing the debt but not at a point where healthcare is in terrible shape and housing is far short. Higgs will get a beat down next election, many of his members are quitting.
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Post by scotiahockey on Apr 16, 2024 13:28:16 GMT -4
Its so easy to get caught up in everything when going through it for the first time. My mortgage broker basically said you can afford X and I said well give me something thats like 50-60% of that because I dont want to be house poor. They laughed. I found a place in my price range. You can't let others dictate your own affordability. That is one of the issues in today's climate, young people just out of college/university/trade school buying a huge house plus new car and new 4 wheeler because they can get the financing then really struggling when rates go up. I started out with a duplex where I had rent for the other side plus a roommate, I had payments low enough that I could double them for most of the time I had it. The financial incompetency of people is a big problem, some will never get it but there’s too many people who want it all right away. They’re not willing to wait on these things and maybe some of it, is they’re not capable with rising costs to save that money but there’s too much frivolous spending on things. It’s tough to see people talk about how expensive things are and how they can’t get ahead when it’s pretty clear they’re spending well above their means.
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