CuriousBystender

3.7K posts

CuriousBystender

CuriousBystender

@CBystender

Extremes on both sides of political spectrum are idiots. Financially conservative and socially liberal. Pro development and extreme economic growth.

Katılım Şubat 2022
1.6K Takip Edilen1.2K Takipçiler
CuriousBystender
CuriousBystender@CBystender·
@WilliamLaceyYYC @JeromyYYC Higher prop taxes create an incentive for current owners to increase the supply of housing in the city so the prices don’t run out of control and young people can get on the housing ladder. Without link of prop taxes to land or housing prices they would skyrocket even further.
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William Lacey
William Lacey@WilliamLaceyYYC·
We saw a similar issue happen in Vancouver where some people were forced to move because their property taxes became so high. I don't think that property tax should be a barrier that creates those sort of decisions. Just because you live in a place for a long time shouldn't become a primary source of financial eviction later on. The model as it stands right now feels more like a blunt tool rather than a refined one.
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William Lacey
William Lacey@WilliamLaceyYYC·
The whole property tax model needs a rethink @JeromyYYC. Despite having lived in the same house for over 20 years, my taxes have probably gone up over 3x yet the services I get from the city have likely remained the same or may actually have declined. The whole idea of pegging taxes solely to a houses value is antiquated. Houses that are further out and cost less can create greater strain on existing resources and benefit from new infrastructure. My guess is you need a combination of things. Perhaps part of the tax needs to be a flat fee, regardless of where you live. Moreover, if want to incentivize densification, you increase taxes further out and reduce taxes closer in. It's likely a difficult conversation, but the system that we have now just seems problematic.
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Rishit Patel
Rishit Patel@imrishit98·
@bentlegen Canadians get TN visas, I don’t think this comes under it.
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CuriousBystender
CuriousBystender@CBystender·
@Fiat_iceberg We should care about long term rate of return. They suck at it while collecting enormous fees. The gap they are leaving behind would have to be filled in by higher payments from the young and working people. Just another example of how idiotic decisions screw young Canadians.
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Simon Belanger
Simon Belanger@Fiat_iceberg·
My initial take on CPP’s 7.8% annualized return: 1) Comparing CPP to an equity-only index is financial malpractice. If that's your take, you need to go do some homework. 2) CPP is a pension plan with both long-term and shorter-term liabilities. It is normal and necessary for it not to be 100% equities. That would be reckless. 3) Even comparing it to an 85/15 equity/fixed income benchmark is flawed. CPP has roughly 22% in credit/fixed income and about 20% in real assets. Those real assets are much harder to benchmark and often rely on models, appraisals, and projected cash flows. 4) The 7.8% return may still represent underperformance, but likely not by as much as some people on here are suggesting on this platform. 5) IMO, The more important area to scrutinize, is the asset mix, especially the exposure to credit and private equity. CPP has meaningful allocations to both, and a lot of private credit risk is ultimately tied back to private equity-backed businesses. That's the real area of concern for me. Not the 7.8% return which may or may not be good given on how hard it is to find an appropriate benchmark.
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CuriousBystender
CuriousBystender@CBystender·
@TheMingjie @MarkJCarney Agree, but I have such a low trust in our government that instead of bringing in this folks, I fully expect them to bring more fake students from India.
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CuriousBystender
CuriousBystender@CBystender·
If Canada plays it right we might actually get a chance to bring in world class talent here instead of more Uber drivers, coffee pourers and fake students. Please let’s not boomers away this opportunity!
Homeland Security@DHSgov

An alien who is in the U.S. temporarily and wants a Green Card must return to their home country to apply. This policy allows our immigration system to function as the law intended instead of incentivizing loopholes. The era of abusing our nation’s immigration system is over.

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Martin Pelletier
Martin Pelletier@MPelletierCIO·
TD report on CANADA's BRAIN DRAIN is really interesting. Canada is quietly losing its top talent to the United States in what economists call a silent brain drain. While Canada does a strong job educating highly skilled workers in STEM, engineering, and entrepreneurship, it struggles to keep them due to higher taxes that kick in at much lower income levels, limited opportunities to scale companies, weaker commercialization of ideas, and much better pay and growth potential south of the border. -> Talent leaves mainly through temporary US work visas rather than permanent moves -> Outflows are heavily concentrated among the highest skilled, especially in tech and advanced degrees -> Onward migration is worst among immigrants and top university graduates -> Canada has a missing middle of medium sized firms, relying instead on many tiny businesses and a few large ones -> Personal tax rates often exceed 50 percent in major provinces and apply at much lower thresholds than in the US -> Complex corporate tax rules push entrepreneurs toward tax planning instead of growth All of this weakens productivity, innovation, and domestic returns on education, making Canada a feeder system for the US economy REPORT: economics.td.com/ca-silent-brai…
Martin Pelletier tweet mediaMartin Pelletier tweet mediaMartin Pelletier tweet media
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CuriousBystender
CuriousBystender@CBystender·
@67Dodge No worries. They’ll just raise the contribution % and introduce CPP3. Young people are rich and prosperous in Canada so they can definitely afford to give more of their money to Boomers.
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CuriousBystender
CuriousBystender@CBystender·
@ShaziGoalie Boomers only start to notice the horrible consequences of the Liberal policies when it literally touches them and their neighbours. Selfish people.
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Shazi
Shazi@ShaziGoalie·
A resident who attended tonight’s Burlington community meeting just sent me this: “You could definitely feel the tension in the room once the Q&A started.” That says everything. Residents in Roseland are shaken after violent home invasions. Some are now discussing private security patrols for the neighbourhood. When affluent communities start gathering like this in packed church halls you know fear is turning into frustration.
Shazi tweet media
Shazi@ShaziGoalie

At the beginning of May, someone told me affluent pockets of Burlington were starting to organize over violent home invasions and targeted car thefts. Tonight, it turned into a packed community meeting in Roseland. Residents say they’re scared. Some are now hiring private security patrols. Police and city officials were called in to answer questions. One resident: “People are being caught, arrested… and turned loose again.” When communities like Burlington start mobilizing like this…you know the concern is becoming real.

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CuriousBystender
CuriousBystender@CBystender·
@ShaziGoalie Good. More money RE speculators lose the less leverage they will have to pump it again. We need to make RE the worst asset to invest in so prices come back to normal levels.
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Shazi
Shazi@ShaziGoalie·
A Brampton family bought this home for nearly $2M at the peak. After failed listings, rental attempts, and months sitting on the market it finally sold under power of sale for $1.35M. $630,000 gone.
Shazi tweet media
Shazi@ShaziGoalie

“Rental Rekt” is becoming a real thing in the GTA. 🔹 Bought in Brampton for $1.98M in 2022 🔹 Tried selling near $2M 🔹 Couldn’t get it done 🔹 Then tried renting it out for $5,400/month 🔹 That failed too Now it closes under power of sale for $1.35M. $630,000 gone. The old playbook was: “If you can’t sell it… just rent it.” That strategy is breaking in real time.

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CuriousBystender
CuriousBystender@CBystender·
@GavMcCracken Boomers are absolutely the WORST generation in both Canada and the US. If young don’t start voting for their own interests in NUMBERS boomers will eat them just to pay for their own pensions and benefits.
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CuriousBystender
CuriousBystender@CBystender·
And Canada took a year to finalize an MOU to maybe start construction in 2 years so we can potentially have a pipe in 7-8 years… Canada is broken. We forgot how to get anything build or done.
Javier Blas@JavierBlas

ADNOC CEO @SultanAlJaber reveals the new UAE oil pipeline bypassing the Strait of Hormuz is already 50% completed (recently the company said it would be operational in 2027).

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*Walter Bloomberg
*Walter Bloomberg@DeItaone·
BEZOS: YOU COULD DOUBLE THE TAXES I PAY, AND IT WON'T ADDRESS ISSUE
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CatholicBob
CatholicBob@catholicbob·
Boomers are doing their level best today to prove to Millennials and Gen-Z how woefully out of touch they are. The latest is about how kids these days are eating $30 lunches every day. Now I don’t know if it’s true that kids are spending $30/day for lunch (I’m doubtful), but I will note that $30 is basically lunch for 2 at a fast food joint. It’s not a steak at Outback. The problem isn’t that kids are spending too much on lunch, it’s that lunch costs too much. Everything costs too much. Eating PB&J everyday doesn’t help with the cost of gas, healthcare, or paying back student loans. There is no empathy.
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Tristin Hopper
Tristin Hopper@TristinHopper·
Living in Victoria, I'm often reminded that elderly leftists have very gingerly built little preserves for themselves where they never have to experience the consequences of what they're doing to the country. It's only 2026 for you. They still get to live in 1999.
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CuriousBystender
CuriousBystender@CBystender·
@aravosis We would need to pay A LOT for this decoupling. Hopefully Canadian boomers are ready for significantly less benefits and wealth taxes because young and working people are taped out.
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John Aravosis 🇺🇸🇬🇷🏳️‍🌈
John Aravosis 🇺🇸🇬🇷🏳️‍🌈@aravosis·
Canada needs to move on and accept the fact that we are no longer their friend, we are no longer their ally. These people hate Canada, they hate all of our allies, and every country outside of the United States should form their own blocs and consider us dead to them. These people consider you all the enemy, act accordingly. And just wait until they see how isolated they really are. The fact that Trump is having to deal with the Iran mess all by himself is only a taste of what’s to come for our country, now that we shat on every single one of our allies. It’s hard to figure out if these people are working for the Russians or what, but their intent is to destroy our country, don’t hook yourself to our wagon.
Under Secretary of War Elbridge Colby@USWPColby

A strong Canada that prioritizes hard power over rhetoric benefits us all. Unfortunately, Canada has failed to make credible progress on its defense commitments. DoW is pausing the Permanent Joint Board on Defense to reassess how this forum benefits shared North American defense. 1/3

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Keşfet

@WilliamLaceyYYC @JeromyYYC @imrishit98 @bentlegen @Fiat_iceberg @TheMingjie @MarkJCarney @67Dodge