Chaos 🇺🇸🇨🇦
18.4K posts

Chaos 🇺🇸🇨🇦
@dev4stating
Insanity lives within all of us, projecting sanity on to others is the game of life.


So if you are a family that can’t afford your mortgage because of a job loss, you are forced to sell at the current market price But if you are a developer that built product that no one wanted, you get a taxpayer funded bailout The stupidity is amazing 🤦♂️



Carney is bailing out condo developers. He did it in Ontario. He’s now doing it in BC. I remember this article last year, where the billionaire “condo king” in BC literally said: “I’m working with Carney – surprise – and I’m trying to get a rental program in where people can buy, put it into a 25-year pool, get a preferred rate from CMHC and let’s allow foreign buyers to buy it” While this is not the exact plan implemented today, it shows that the wealthiest are working directly with Carney, not his office and not his Ministers, to get a bail out. The end goal is complete: Carney bailed them out. But when YOU lose YOUR job, and you lose your condo, because the PM wasn’t able to negotiate a deal with Trump like he campaigned on, there’s no bail out for you. You lose it all. But you just paid, with your taxes, to bail out a billionaire. People don’t realize, this is what Carney has done his whole adult life, including at Goldman Sachs; serve the elites. It’s right in our face & Carney doesn’t even pretend to hide it anymore.







🚨 Mark Carney says Metro Vancouver has 2,500 completed condos sitting empty. Developers don't want to sell at a loss. So Ottawa and BC are stepping in with billions in infrastructure money, cutting development charges by up to 50%, and using financing tools to convert vacant condos into affordable housing. Later, when asked if governments could buy unsold units from developers, Carney replied: "You can do both." Taxpayers becoming the backstop for the condo market? 🤔


























