Buying unsellable luxury condos better than building affordable housing for just-plain-folks


A comment on my last article is too good to not feature as a separate post. It was submitted by Loopholes Uber Alles, which I suspect just might be a nom de plume. The main part is from The Beaverton, which happens to be a more accurate reporter of political affairs than Postmedia and several other publications that promote the interests of Canada’s one percent.


Our intensely unbiased yet steadfastly labour-friendly NDP government, in fact, maintains a corporate welfare system to keep BC developers in business. Yes?

This, while absent-mindedly limiting a new inventory of affordable homes, condos, and rental units, to keep the game going? Yes?

Buying up amazingly expensive unsellable Vancouver/Victoria condos is much better than building lots of new affordable housing for our just-plain-folks-type voters?

And nobody in the labour movement objects to this? Not so much as a squeak?

Cities abroad like Helsinki and Vienna, innovative states like Singapore, and various Scandinavian nations all have it wrong about who should be housed, how well, and for how much.

Let’s ask notoriously astute The Beaverton for help disentangling political PR fiction from much more academic PR fiction.

Good afternoon, taxpayers of Canada. It is me, Mark Carney, your Definitely Liberal Prime Minister. I hope that you are all having a wonderful, fiscally profitable day.

My secretary told me this morning that some of you are upset to hear that I plan to use a paltry three billion of your tax dollars to bail out wealthy convo developers in Vancouver because no one can afford to buy their units. What you don’t understand, however, is that I am a numbers man. A banker. I understand the free market better than you, because I went to Oxford (that is a school in England, which is a country in Europe).

Thus, let me tell you five reasons why what I am doing is actually perfectly aligned with free market principles. I will try to use simple everyday language.

1: The “free” part of “free market” stands for “As the leader of Canada’s government, I am free to do whatever I need to do in order to keep wealthy developers and boomer voters happy by ensuring housing prices don’t go down.” It’s okay if you didn’t learn that in whatever public school you went to. Don’t be ashamed of your ignorance.

2: The free market concept of supply and demand is perfectly exemplified in this very situation. You see developers, who are determined to supply you with wildly-overpriced, tiny shoebox condos, demand your money whether you like it or not. Hence, where your tax dollars are going in this new venture of mine.

3: While free market principles include limited government interference, “limited” is in the eye of the beholder. Specifically, the developers to whom I am beholden, because if I lose the confidence of the wealthy investor class, they’ve vowed to publicly reveal that I am secretly just Stephen Harper in one of those hyper realistic silicone masks. Thus, in this case, “limited” means “complete and total intervention.”

4: The concept of “voluntary exchange” between buyers and sellers is a core tenant of the free market. In this case, the sellers are the developers who refuse to acknowledge that none of you have any money for their over-valued products, and the buyer is technically you, by way of me using your tax dollars. So technically, you are all buying condos. I am very happy for you.

5: I can think of no better example of free market fundamentals in action than the Vancouver condo market: a massively-overpriced housing bubble held aloft for decades by wealthy investors, speculators, and laundered overseas money, wherein the vast majority of citizens are permanently priced out of home ownership and will be renting for the rest of their lives.

Having cleared that up, now imagine if Pierre Poilievre were your prime minister right now. Haha, I know, right? This measly bailout doesn’t sound so bad now, does it? Please remember that when you find out my next plan, which is to turn all of our national parks into privatized ski hills.

==============================================================================

So there. Yet some of you ungrateful sots think that our PM hasn’t suffered enough already. Really?

As an employee of Goldman Sachs for 13 years, unselfish patriot Carney had no choice but to relocate and survive in the wilds of London, Tokyo, New York, and Toronto. In relative luxury. Yes?

And now he is cruelly separated from Wall Street and New York (and those other glorious sites) by being stuck in dismal, hayseed-populated Ottawa.

Confined to an archaic cottage because his home needs renovations estimated to cost between $50 million and over $100 million.

What have we come to?



Source link

  • Related Posts

    All the Canadian Politics!

    ‘Pandora’s box’: Danielle Smith and insurance giants unleash attack on healthcare ⋆ The Breach Source link

    NDP response to Prime Minister Carney’s Senate appointment « Canada’s NDP

    NDP critic on Democratic Reform, Don Davies, issued the following reaction: The Senate is an archaic institution that violates the most basic principles of democratic government. The idea that a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    IO Interactive regains full ownership of Project Fantasy following end of Xbox deal, shuts down Istanbul studio and lays off developers “to find a new balance”

    IO Interactive regains full ownership of Project Fantasy following end of Xbox deal, shuts down Istanbul studio and lays off developers “to find a new balance”

    Chanel Haute Couture Fall 2026 Shoes Lean Into Whimsy

    Chanel Haute Couture Fall 2026 Shoes Lean Into Whimsy

    Tyrant or upstanding professional? Starkly different portraits emerge of Toronto jail official targeted in Project South botched killing

    Tyrant or upstanding professional? Starkly different portraits emerge of Toronto jail official targeted in Project South botched killing

    Platner faces growing calls to drop out after rape allegation

    Platner faces growing calls to drop out after rape allegation

    Surprisingly large number of people may have marker for tick-linked meat allergy

    Surprisingly large number of people may have marker for tick-linked meat allergy

    Australia news live: ‘we’re so sorry,’ Telstra says after major mobile network outages affect trains, Eftpos and triple-zero calls | Australia news

    Australia news live: ‘we’re so sorry,’ Telstra says after major mobile network outages affect trains, Eftpos and triple-zero calls | Australia news