Victor Villas

mostly inactive, lemmy.ca is now too tainted with trolls from big instances we’re not willing to defederate

  • 22 Posts
  • 905 Comments
Joined 3 years ago
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Cake day: July 9th, 2023

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  • Like the story highlights that the NDP backed off because they couldn’t get the support from one of their members, who happens to be the wife of a First Nation chief

    That’s not really true though.

    Joan Phillip is not just “a wife of a First Nations Chief”; that’s kind of insulting. She’s First Nation and a long time activist at that, not just someone’s wife.

    She’s voting the way she was elected to vote. It’s absolutely how democracies are supposed to work.

    And she was not the only on the NDP caucus opposing the bill; though since it’s a slim majority it only takes one to say “I will nay” to put the bill at risk. It’s Eby who would put the government at risk by making a risky bill a confidence vote, not Joan. She doesn’t decide what is a confidence vote, she just votes.

    It’s interesting that the article frames this as an issue that could topple the NDP, and that the NDP is basically backing out to appease a minority group at the potential expense of the majority’s interests.

    Same could be said for trying to undo DRIPA in the first place. Risk a confidence vote to go backwards on a landmark reconciliation legislation that will affect generations just to appease a few landowners who eat rightwing fearmongering propaganda.








  • I think we agree on 99% of the issue; we do need non-market housing and we need a diverse range of sizes; we do need to reduce the attractiveness of housing as an investment class.

    But I disagree that we have excess 1bd units directly because of housing is seen as an investment. Small time investors bought these like hot cake because those investors, in large part having no idea about what they’re doing, were hyped about just getting into the market purely due to speculation, and of course the lowest entry into the market is the smallest unit possible. Pre-sale marketing treated these people like a Ponzi scheme: let’s sell as many as possible while it’s still profitable, these suckers will eat the price drop when it inevitably lands.

    The reason why I’m nitpicking the root cause is that the main problem is not the investing, but that this investment is a badly regulated market, with a lot of silly myths going around (housing will never be a bad investment, rent is throwing money away etc). Basically Millennial’s covered call ETFs but for boomers. Or Gen Z’s shitcoints, but for boomers. A properly regulated market should mandate diversity of unit sizes, land use, non-market housing etc. Even if we spend zero energy on de-incentivizing buying homes for investment, at least a regulated market would prevent a bunch of idiots betting their retirement on “housing only go up” to cause the market to get distorted. Of course I do also agree we should work to not treat housing as investment, count me in for a 5000% increase on property taxes for non-primary residences.