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2 yr. ago
  • I wouldn't quite put it as "Flip"

    They managed to squeak in via vote splitting, their highest vote percentage was only 38.8%, with the lowest being 35.25%

    In Nanaimo, the 3rd (NDP) and 4th(Green) candidate vote percentages together added up to more than the Conservatives, even if you ignore the Liberals in 2nd.

    Every non-Conservative seat on the island won with a higher vote percentage than even the best Conservative seat.

    The two Liberal wins on the island were 49.4% and 54.3% Elizabeth May(Green) got 39.1% And Gord Johns (NDP) got 39.6%

  • It was mostly just bad timing, the inflation and cost of living issues got blamed on him despite it being a worldwide issue. He was an easy scapegoat, and the Conservatives just attacked him constantly until he resigned. It was supposed to help them win, but as you can see from the results, it didn't end up working out for them.

  • Unless there's some method for you to help them become eligible to work in your country, you legally need to put the company's safety first. If you give different reason to hide things you could be exposing your company to liability, so the safest option for both the company and for the applicant is for you to straight up ghost them.

  • PR is a non-starter for the liberals, their party would completely disappear if they passed it. That's why they sabotaged/killed it even though they promised last time.

    The NDP couldn't push it through even if they wanted, all it would have done is forced an election into the Conservatives.

  • I do mean renters will have more leverage once home ownership rates drop.

    We will never build enough homes to drop housing prices to affordable levels. Prices can't just stop growing, they have to actually drop, and developers will run away from projects the moment prices start declining. We've already seen a slowdown in construction in the last year as home prices stagnated.

  • You're right that this is a rock and a hard place. Which is why I don't expect it to change anytime soon. What needs to happen is that home ownership rates need to drop, meaning more voters will be renters, then they will have the political clout to push through policies that make things more affordable for them by destroying home values for the now minority of owners.

    I give it about 30 years or so before we see that.

  • Because when you look at the total ownership, individual home owners are making the vast majority of the profit from keeping prices high. Around 65% of homes are owned by the family that lives in them, and the second largest chunk of the market is dedicated rental apartments which need to be owned by corps or they would never get built in the first place and are a needed part of the economy, then a smaller chunk is the landlord who own their home plus one rental.

    Corporate ownership of non-dedicated rental buildings (houses, townhouses, etc) is still a very small percentage of the overall market.

    Should it be happening at all? Probably not, but at the end of the day most of the profits of housing and land appreciation are being reaped by single home owners.

    There was a news article a few days ago about a new development land purchase that just went through in Vancouver, BC. 25ish lots were purchased from individual home owners, for a total of $100 million or about 4 million dollars per lot. That cost gets passed onto the people buying the new condos going in, and the profit is going to individual home owners who probably bought those lots for hundreds of thousands over the last twenty or thirty years.

  • It's a very fundamental concept that almost everyone is missing.

    If houses increase faster than wages, the price of them relative to incomes will slowly go up forever making them less and less affordable.

    If housing prices go up less than wages (or even go down) then the people owning the houses are losing money each month, but the housing costs will stabilize at a price level that is balanced by how much money people are willing to lose each month just to have a home.

    The second option isn't as bad as most people think, it's how cars work right now. You're willing to buy a car and spend money each month because it benefits your life, not because it gives you money back.

    How do we achieve prices going up less than wages? There are about a dozen different possible ways for the government to do it. Options include the Government owning all land and just renting/leasing it to people instead of selling it, putting a 100% capital gains tax on the land (not the buildings), or my personal favorite which is a yearly land value tax (not a property or building tax) and using that revenue to pay for a basic income leaving a net zero tax change for a person who uses an appropriate amount of land for a given area.

  • Mostly because voters don't prioritize mass transit at all.

    Politicians are not corrupt, they just follow the whims of the voters who aren't rational.

    Affordable housing is the same problem, voters don't want it yet because it would crash existing house prices.

  • Municipal governments only exist and have any authority because of Provincial legislation, they aren't inherently more democratic in some way just because they're local. One could easily argue municipalities (and even provinces) are less democratic because the voting is tied to being able to afford (and being allowed) to live in a specific location rather than being an everyone gets a say situation.

    Oak bay (a greater Victoria municipality) intentionally implementing policies designed to restrict growth means that they are developing and maintaining their own little fiefdom. The land is still part of Canada and how it's used should be up to every Citizen equally.

  • You really don't understand finances at all.

    Rich people borrow money at low rates all the time, in order to make larger returns on other investments. If I borrow 500,000 at 4%, and then invest it, I can make a lot of money. For example, If I had borrowed against my property in 2024 and invested it in the S&P 500, I would have made a 22.3% return, minus the 4%, so 18% profit on the value I pulled out of my house. There's obviously risk involved, but this is not an uncommon practice. You can even re-invest it in real estate itself by borrowing the money to buy more properties.

    Proportion doesn't matter at all, If I had bought a million dollar house, and sell it for 1.7 million (70% increase) and downsize to a $600k house that went up to $1020k (also 70%) in that same time, I've made 700-420=$280k more than if I had just bought the smaller house to begin with, minus a bit of interest difference (much less than the $280k)

    You say that renting it out is the problem, but both of the options above are also generating money by stripping wealth from other people (whoever buys the house, or whoever is buying houses that cause my house to appreciate in value)

    Housing appreciation IS the problem, without housing appreciation, housing wouldn't have become unaffordable in the first place and we wouldn't be complaining about the current cost of living issues.

    In order for us to have affordable housing, property cannot appreciate faster than wages. Otherwise over time, it will ALWAYS become unaffordable.

  • Gaming @beehaw.org
    BlameThePeacock @lemmy.ca

    Stars Reach Kickstarter Launched (and already funded)

    MMO Game by one of the original creators of Star Wars Galaxies, game already playable for Alpha testers, Beta testing expected after Kickstarter for funders

    Stars Reach @lemmy.ca
    BlameThePeacock @lemmy.ca

    Stars Reach Kickstarter Launched

    News @lemmy.world
    BlameThePeacock @lemmy.ca

    Tsunami Warning North California 7.3 Earthquake

    Sizeable earthquake just off the coast.

    British Columbia @lemmy.ca
    BlameThePeacock @lemmy.ca

    The party of fiscal responsibility ya'll

    They say it will be caught up to with growth, which they've predicted to be above 5% per year... no way that happens, major banks are predicting sub 2% growth.

    British Columbia @lemmy.ca
    BlameThePeacock @lemmy.ca

    He stands by the party member who made derogatory comments about indigenous and Muslim people.

    Please judge him and find him wanting.

    British Columbia @lemmy.ca
    BlameThePeacock @lemmy.ca

    BC Conservatives promise $3K housing rebate

    The title is a bit misleading and makes it sound like it's a one time payment. It's very different, he's promising to exempt up to $3000 a month towards your housing costs from income taxes. Starting at $1500 a month in 2026 and going up $500 a year for 3 more years. At the max, it would be a $36,000 a year tax deduction which is absolutely massive, that's half of the average family income.

    Great idea? It's complicated, but probably not a good idea.

    When you make something "cheaper" for everyone like this in a supply constrained market, all that does is drive up the prices of rents and housing sale prices since people can now use that freed up money to pay more for those.

    Also, his plan to pay for this multi-billion dollar plan is:

    “Obviously, we need to take a look at this reckless spending that David Eby has put in place in terms of how to sort of rein in some of that spending,” said Rustad.

    So that's not really "fiscally conservative" at all.

    British Columbia @lemmy.ca
    BlameThePeacock @lemmy.ca

    This asshole is literally a conspiracy theorist. He says it was about controlling the population, not stopping the spread of the virus.

    Which countries (and even provinces) had the fewest covid deaths per capita? Oh.. the ones with the highest vaccination rates.

    Everyone with a brain knows vaccines reduce illness, that's why we have the fucking things.

    British Columbia @lemmy.ca
    BlameThePeacock @lemmy.ca

    Uber's reply to the new laws.

    British Columbia @lemmy.ca
    BlameThePeacock @lemmy.ca

    Surprise surprise, a Conservative who's got a past full of hate.

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    Drag performance draws a crowd at Chinatown festival that highlighted cultural diversity

    This is the true Canada, open to all ideas. Let's keep it this way.

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    Police board to invite rights commissioner to hear impact of cancelling school liaison officer program

    Personally, it seems stupid not to have a liaison in high schools. This is where teens establish "bad" patterns, and every single one they manage to save early is one less problem for decades in the future.

    Hockey @lemmy.ca
    BlameThePeacock @lemmy.ca

    Boy, 11, dies after being struck in neck by puck at hockey practice in Saint-Eustache, Que.

    Extremely unfortunate situation.

    Hockey @lemmy.ca
    BlameThePeacock @lemmy.ca

    Intent to injure?

    Based on that call, any sort of pushing or shoving should be called.

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    Poilievre promises to build more housing on Vancouver Island visit

    Unfortunately, it looks like he's going to elected in a couple years. I just hope people remember after a term of the Conservatives cutting important environmental policies like the carbon tax, that they will have failed to make like more affordable AND fucked up the environment more.

    The conservative parties that won in the UK didn't manage to make things more affordable, the conservative party that won in Australia didn't manage it either, no party anywhere has managed it.

    This crisis isn't caused by local government zoning policies, approval red tape, or anything else that the parties are talking about. It's caused by landowners (including people who own only one property) using a home as an investment.

    You cannot have homes appreciate in value faster than inflation (investments) and also have affordable housing. It's impossible. That's literally just a pyramid scheme.

    Until the government starts implementing policies that start reducing existing home prices, this will not

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    Island Farms plant problem fixed, milk processing and delivery back on track

    In case anyone was wondering what happened at the grocery stores over the last couple days.

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    CRD purchases former Royal Oak Golf Course

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    Times Colonist: Add your home or business to our map of Halloween displays and events

    Victoria, BC @lemmy.ca
    BlameThePeacock @lemmy.ca

    Tiny Town sold but expected to stay in Victoria

    Gaming @beehaw.org
    BlameThePeacock @lemmy.ca

    Interesting decision

    Canada @lemmy.ca
    BlameThePeacock @lemmy.ca

    Sue Johanson, beloved Canadian sex educator, dead at 93

    What a lady she was, helping shift all of us forward in a normally taboo subject.