@danielfoch @scottastevenson That's what a housing bubble looks like.
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messputt
4.3K posts
Canada is undisputed world leader in money printing
I posted @scottastevenson's tweet on instagram and someone complained that 2007 was a bad start date because it skews to make Canada look bad, so went back to 1968
Scott Stevenson@scottastevenson
Every G7 country hit the brakes on money printing. Except Canada.
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@VinuWijemanne @S_Surprenant Food is critically important. We should maintain enough of a domestic food industry to ensure that the population gets enough nutrition at a quality level that we deem to be appropriate. The risk of losing control of food is too high.
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@messputt @S_Surprenant Are you opposed to any trade with the United States or only milk? US is not by any means the only trade partner available and if the US government wants to pay for Canadian milk then so be it.
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Let me explain this in plain English.
If we had complete free trade with the US, American agricultural subsidies means Americans pay taxes to cover part of Canadian grocery bills. And some people who do not own a farm are mad about it. It makes me want to pull my hair out.
The American agricultural subsidies are not economically justifiable. The only relevant market failure is pollution, such that, if anything, the government should be taxing them, not subsidizing them. But then fighting with Americans to prevent them from paying part of your grocery bill simply exists in its own class of stupid. They want to pay your bills and would call it a victory if we let them...
"What about the Canadians farmers?"
If you want to permanently redistribute ressources to farmers, be honest about it and replace supply management with subsidies. It is going to be much less wasteful. If not, end supply management and just send a one-time fat check to farmers to compensate them.
End of rant.
Marc Ryan@DIYinvestor
@jbsteinberg Are there any economists who support EU and USA agricultural subsidy programs?
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@S_Surprenant "If a strange man in an unmarked white panel van offers you free candy, hop right in! You'd be stupid to not get free candy!"
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@VinuWijemanne @S_Surprenant They are subject to the laws of their country. If we had let our domestic milk supply be destroyed by subsidized US milk, then Trump decides to hold the milk hostage, we don't have milk anymore. Or we have to capitulate to his demands. Not good for sovereignty!
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@messputt @S_Surprenant Why are foreigners not? If a company sells its products in Canada then they are subject to the same laws and regulations as a domestic producer at least as it pertains to the product offered.
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This is an outright lie. Nobody was fired. He didn’t “expose” anything.
Andrew Scheer@AndrewScheer
Mark Carney wants to keep Canadians in the dark about the true state of our finances. By removing the watchdog who exposed their mismanagement, they are avoiding the accountability you deserve. Pierre Poilievre and the Conservatives demand the reinstatement of Jason Jacques.
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@VinuWijemanne @S_Surprenant Farmers are subject to Canadian law and regulations. Foreigners are not. It's about control.
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@messputt @S_Surprenant Why just foreigners? Why do you trust farmers to make your food?
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@greg16676935420 This answers the age-old riddle: "What do you call a man with no arms or legs who shoots a victim in his car a drives away with the body?"
Dayton Webber
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@dwrightman @Ember421 @MikePMoffatt Hydro One comes up with lots of plans. Money talks. The gas plant was the cheapest solution, so that's what they built. The environmental groups have no influence.
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@messputt @Ember421 @MikePMoffatt The same downtown TO supply issues existed 2 decades ago & Hydro One's plan than was a 3rd line but "environmental" organizations like the OCAA were against more clean nuclear power and for more dirty gas powered CHP plants theglobeandmail.com/news/national/…
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Availability of electricity, IMO, is by far the most underrated issue when it comes to densification. Add heat pumps, EV chargers, etc. and there's a massive last-mile problem that is mostly ignored.
Zoë Coombes@ZoeCoombes
@ChrisSpoke Ditto hydro planning- if a builder wants to make a cool single stair 5 story building (I mean: WHY NOT?) on a quiet side street, with this single stair code- is the builder responsible for building out the three phase power the elevator needs? 9/x
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@dwrightman @Ember421 @MikePMoffatt Two decades ago, there was a driving range at Spadina Ave. Liberty Village was a post-industrial wasteland. Why would anyone build a new transmission line into a shrinking downtown?
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@messputt @Ember421 @MikePMoffatt The third transmission line should've been built 2 decades but the Portlands gas plant was built instead. Why would environmental groups and government prefer local dirty gas generation over more clean nuclear/hydro electricity from the grid?
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@messputt @MikePMoffatt That's why they are building a HV line from Darlington to Portlands... then Portlands should need to run much less often.
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messputt retweetledi
Sorry to hear that happened to you man. Maybe some kind of hugely expensive vertical farming scheme could help you — and revitalize our city’s downtown core
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@ZoeCoombes The reason purpose-built rental construction is booming is due to govt financing.
Govt MBS and insurance guarantees along with low interest rates fuelled the price boom and condo boom out of the GFC.
Can't build without money. Govt controls housing finance.
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Disagree.
Financial structures are market takers not makers. Finance is reacting to what's allowed- what’s effectively been designed by a blind, in cohesive system at the regulatory level.
The way to find out if Toronto likes its small rental units in super tall towers, is to unlock and support typological variety- then watch what gets financed.
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Canada's urban housing debate has too many managerial thinkers at the table. Managers can deliver quantity but struggle with variety. Variety requires creative systems thinkers willing to orchestrate new regulatory syntheses across planning, building code and infrastructure. 1/2
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@ZoeCoombes Don't forget financing. Money dictates what is built more than anything. Who is designing the financial structures, and what are they designed to prioritize?
Bad financial structures are how we end up with largely investor-owned shoebox condos instead of homes for humans.
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The ability to create a variety of options is a fundamental part of whether a market is *free* or not. But because the buildings in cities rely on so many shared infrastructures, and engineering that can't be done by a single builder- 3/x
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@MikePMoffatt Now they can't build high-rises in the newly revitalized Portlands because the exhaust from the gas plant would drift into the upper floors of those buildings.
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@MikePMoffatt Central Toronto has a hydro supply problem. There are only two main transformer stations and they are near capacity. Can't get more power downtown from the rest of the province. So they built a gas plant in the Portlands to facilitate the condo boom. But...
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@ericljaffe @matthewstoller @LeeHepner "Financiers and distributors of proven IP"
Oh god that's a bleak vision of the future. No fresh ideas or voices, just slightly different versions of the Minecraft Movie as far as the eye can see.
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I’m personally pessimistic on the whole. If the mergers don’t kill us, the AI will. If the AI doesn’t kill us, cheap overseas labor will. The reality is that large, centralized, scaled media companies will be replaced in the long term by hundreds of thousands of content creators working in small or medium sized teams all over the globe. Studios will inevitably go the way of the record labels and become financiers and distributors of proven IP (created on Roblox, YouTube, and social) rather than production ecosystems.
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Why can’t IATSE just oppose the Paramount-Warner Bros deal?
They are lobbying for a federal film tax credit to save jobs, but you can’t just pump money into a broken marketplace.
Robust competition drives increased production that employs IATSE members. Nothing else matters.
IATSE // #IASolidarity@IATSE
BREAKING: IATSE President Loeb Joins Federal Lawmakers at Hearing to Level Playing Field for American Film Production During a spotlight hearing convened by @SenAdamSchiff and @RepFriedmanCA at Burbank City Hall Friday, International Alliance of Theatrical Stage Employees (IATSE) International President Matthew D. Loeb emphasized the growing need for a federal film/tv production incentive to level the playing field and protect American creative jobs. “The American film and television industry faces an urgent threat from international competition. Foreign governments have successfully lured film and television productions, and the multitude of jobs they create, away from the United States with aggressive tax incentives and subsidies. Films intended for initial release in the U.S. are increasingly being shot overseas — and American workers are paying the price,” Loeb added. “In just a few years, IATSE members have lost tens of thousands of jobs across the United States. That’s thousands of families, small businesses, and communities across the country feeling the economic hardship of a shrinking industry.” Additionally, the hearing examined recent media mergers including Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, with President Loeb expressing skepticism of the deal’s impact on workers. “When major companies merge, workers often pay the price first. Without action to strengthen domestic production, we risk losing more jobs overseas. Federal policymakers must act to level the playing field and ensure the United States remains competitive in the global production market.” Sen. Schiff and Rep. Friedman both expressed support for a federal incentive and pledged to work with lawmakers in Washington to pass one. The spotlight hearing also featured testimony from the following witnesses: · Noah Wyle, Golden Globe and Emmy-winning actor; star, executive producer, writer, and director of The Pitt · Jim Acosta, journalist, author, and host of The Jim Acosta Show; former CNN anchor and Chief White House Correspondent · Jax Deluca, Executive Director, Future Film Coalition; Research Fellow, Harvard Kennedy School Shorenstein Center on Media, Politics, and Public Policy
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@EricDLombardi Okay but these revenues would have to be made up somewhere else then
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Municipalities will charge 2x the median income in just taxes for new housing.
Development charges have simply become out of control. It’s time for a new contract between municipalities and the province for long term infrastructure financing.
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