59 Replies to “Growing The Economy From The Heart Outwards”

    1. blaming baby boomers for the housing crisis in his very practiced ‘straight forward plausible soft spoken manner’.
      gawdalmighty l SOOOO hate this TURD.
      heyo justine, quick version, not all of us are expert money managers and like me, our HOUSE is our pension fund. and for me, ‘adding’ to the fund consisted of 21 years of improvements. 21 years of an UNPAID CONSTRUCTION JOB.

      and you godam f’ing thug shytbrain tax a squander BASTARD wants to
      tax tac tax tax tax tax tax tax tac tax tax tax tax tax tax tac tax tax tax tax tax
      like it was just[inTURDeau] money sitting in a bank account?
      FCUUUUUUUUUUUUUUUUUUUUUUUUUK OFFFFFFFFFFFFFFFFFFFFFFFF

  1. I hear both sides of this generational argument.

    My dad, in his 80s, does not understand how much more difficult it is for young adults today. Yes, they had high interest rates for a few years but for the majority of their adult years houses costs were about 2x their annual income, not 5x to 10x their annual income. They worked hard but also had great job security and benefits with a high school plus trades education.

    My kids are in the high school to early 20s range and realize that they probably won’t have the same standard of living as my generation and my parent’s generation. But, they also can’t expect to start out with a standard of living comparable to what my generation has now. It took us 30 years to build up careers and assets. So, young adults often have unrealistic expectations about lifestyle and the importance of long term money management, budgeting and self-restraint.

    The Trudeau Liberal-NDP government is using this generational misunderstanding as a wedge issue because it distracts from the fact that most of the housing and standard of living crisis is the government’s fault. Stirring up division and resentment is always the go-to move of the Trudeau Liberal-NDP government. They are truly horrible human beings.

      1. If we want to help young adults be able to afford a house and start a family, I wonder if incentivizing building small starter homes is an option. Houses that fall into the 2x to 3x average income of young adults. Build small homes. Allow young people to have a longer amortization period. Have 30 year fixed rate mortgage terms like the USA instead of the traditional 5 year fixed terms we have in Canada. This should lower monthly mortgage costs and provide for more stable payments over a longer term.

        Young adults do need assistance to get a start in our crazy housing market but intergenerational warfare isn’t the answer.

        1. Even building small homes, it’s not really an option any more when up to $100k of that cost goes to taxes, and then the government charges 1 or more “land transfer taxes” on top of that.

          1. That’s a political decision, probably due to wasteful spending and making the Canadian economy far too dependent on real estate. They could easily reduce those costs for starter home development areas.

        2. it was the esteemed Pierre Trudeau that did away with fixed rates for the term of the mortgage, Liberals screw up everything they touch

      2. Typical Marxist strategy. Create divisions between groups in order to distract from the things that really matter.

    1. Without considering the mortgage rates at the time, house “costs” are not relevant. The real measures are this….what percentage of annual income is (was) required to qualify for that house AND importantly, what SIZE were those houses? In addition, people live off their NET income….not their gross….and since the 1970’s, the income tax as a percentage of government revenue has almost doubled.

      1. Yeah, I think monthly mortgage costs as a percentage of net income is a good measure.

        The kids can hardly believe that we bought our first 900 square foot house for $32,000 and a 6.99% interest rate in the early 90s (very small city). Plus we had a combined income well over $100,000. We had it much easier than the younger generation but we also weren’t as worried about status symbols like a huge, fancy home.

          1. …and having both delivered by uber eats at hugely inflated prices. Eventually, I’m sure they’ll understand how wasteful their spending was when they were young. The same way I look back at how much we wasted on drinking at the bar and smoking cigarettes in our 20s.

    2. My dad, in his 80s, lived for the first 5 years after marriage in a 576 sq ft shack with little insulation, and no running water. But I’m sure he’s all ears.

      1. Still better starter accomodation than Trudeau’s tent towns and car living that are popping up like dandelions all across Canada. We certainly can learn from our parent’s generation, boomers/greatest generation, but it is a different Canada from the one they remember. Young adults do have some valid concerns.

      2. My first home was a 776 sq ft 2 bed, 1ba home … the prior owner was a single woman veterinary dermatologist specialist who lived with two Irish wolfhounds, paralyzed from the waist down who lived on mattresses on the floor.

        No … nobody else would buy the home that smelled of dog feces and was choked with dog fur. The floor furnace and stove had to be dismantled and cleaned of all the dog fur choking the appliances and home. The woman lived like a pig. The house was a pig sty. And the hardwood floors had to be completely stripped out.

        We did what we needed to do to get started.

    3. They are weaponizing their actions that decreased the affordability of housing, along with the crushing taxes that do not make canada a good place to invest, and the continual printing of new money which devalues existing money, and requires increases in prices to keep up.

  2. Perhaps not the best strategy. There’s a lot of seniors out there, and they vote.

  3. Can’t really say anything new about the used piece of toilet paper running the country but it’s getting hard to believe even kids can’t see the obvious, let alone grown Liberals.
    But it certainly is possible.

  4. How many Seniors have young adult “kids” living with them because of the housing crisis brought on by Trudeau’s immigration policy? Is that seniors’ fault too? Half of real estate signs in my area are in Chinese. How much of the ballooning costs of homes are generated by the permits and fees?

    1. “How much”
      1/3 and getting worse.

      Ever been to a tear down and rebuild in Toronto they all have to have some garbage or common tree area fenced off to make getting equipment and materials on site impossible and increase the cost.
      Two years after the house is built the trees are removed because the roots died.
      Lunacy.

  5. How many seniors – conventional, trusting, complacent – still think of the Liberals as Our Natural Governing Party and reflectively vote for them because Trudeau pere “made them feel good about being Canadian”

    We – SDA readers exempted, of course – get the governments that we richly deserve

    1. “‘I never thought leopards would eat MY face,’ sobs woman who voted for the Leopards Eating People’s Faces Party.”

  6. So convenient that MAiD is all ramped up and ready to go, eh?

    And if you think they’re not going to go there, I hope you’re right. But I’ve been watching them do every single thing they would want to do to get ready for something like that since 1992. MAiD is the last piece, and you can see them pushing it forward. Every six months another little step.

  7. Wait! What!? Home equity and home ownership is now a desirable thing again? What happened to owning nothing and being happy? How dare these young people want life like their grandparents had … that’s not very … progressive … of them.

  8. When I bought my home in Lafayette, CA in 1983 at the age of 25 … a 2 bedroom, 1 bath, 1949-built, bombed-out, dilapidated, POS for $138,500.00 … lower than the asking price of $144,000.00 … because the lenders wouldn’t loan on that inflated sales price … $138.5 was the highest appraised value.

    My grandmother thought I was utterly OUT OF MY BLOODY MIND to pay that much for a DUMP adjacent to the “downtown”. She had sold her custom-built, 6 bed, 5 ba, home on 1 acre of wooded property on a beautiful creek, in the most exclusive neighborhood of town in 1970 for less than $100,000.00. She sold prior to the FIRST radical real estate valuation “correction” (read: inflation) in CA. Why did she sell? Property taxes were making her BROKE. This was just prior to Prop. 13 … which was enacted to stop grandparents from being driven out of their homes.

    Want more housing? BUILD MORE HOUSING. How? To start … cut back the outrageous creep of building codes, and regulations that have CRUSHED CA’s housing starts.

    1. Reduced regulation and state intervention, but also reduced expectations for first time home buyers would help. We can’t all get McMansions even, only say 5-10% of working society can really afford to pay for them.

  9. Pretty soon the boomers will be saying “come back freedom convoy all is forgiven”. To that I say suck it up and pull yourself up by the bootstraps boomer. We tried to warn you.

    1. yeah, play right into the turd’s intergenerational divisiveness, james.
      many boomers supported the convoy, as did many across generations.
      oh, and many of us boomers pulled up our bootstraps back when you were prepubescent.
      have a nice day

        1. We’ve paid our dues and our “fair share” and then some … now shut up and get to work Gen Excess … granddad needs a new pair of shoes!

          1. Boomers overwhelmingly support libtards so yeah sorry I’m not exactly sad to see them targeted finally.

  10. Im surprised anyone can listen to that lisping psychopathic globalist POS.
    I cant listen for more than a few seconds.

    Human garbage.

  11. Mulroney the conservative prime minister in the 80’s bought in the GST to pay down the national debt. How well has that worked out? We have only added to our debt. Now Der gropin Führer is trying to tell the younger generation that if we can tax pop’s house when he sells we the government can guarantee that you youngins will be able to get a house of your own. And how well do you think that will work out?

  12. We are witnessing the implosion of Western society and we are all so collectively stupid that we don’t want to admit what we are witnessing. The last ten years of governance across the West, America, Canada, UK, Germany, France, the list grows exponentially, has been one unmitigated disaster after another. Now our so-called leaders are going to lead us out of this self-created morass by doubling down on the errors they made. By all means, “Tax me Daddy, beat me into submission, I promise I’ll be a good little taxpayer, if you’ll just tell me this is the last time you’ll increase my tax burden!” So while we all supplicate ourselves at the next election the plans continue apace to increase the taxes, capital gains tax, carbon tax, equity tax, inheritance tax, on and on it goes. At some point there has to be a limit to what we, the consenting governed, will allow these shysters, poofters, and poltroons to impose taxes for their benefit! Will it take a revolution to return to a saner period of self governance or does self governance just die through abject neglect?

  13. L – Making things worse(not better) for the largest number of people! – Justin Trudeau’s career in a sentence.

  14. Wow, the Leftards are fixin to steal the last pile of money in Canada.
    Shocked, I say!

  15. Why is it the federal government’s role to do anything about the price of housing being more than people want to pay? Every time that a government body interferes with the market, it makes the situation worse. I am willing to concede that some regulation may be reasonable to protect ignorant consumers from predatory vendors.

    Yes, houses a long time ago were less expensive compared to an average salary. They were also 800 square feet and uninsulated with single pane windows on a tiny lot with a 50 amp service.

    The “regulations” they are proposing here are nothing but social engineering. They are spooling up class warfare since that is the only string on their banjo.

  16. I didn’t watch the video as I can’t even bear the sight or sound of that POS, but I got the gist of it from comments and other titled postings. Essentially, I understand Le Dauphin said that the problem is Boomers living in too large of homes or something like that?

    So, let me get this straight, a privileged and entitled brat is sitting on a family trust in the tens of millions that xe/xim did nothing and I mean NOTHING to contribute to and he is wanting people that worked, saved, paid taxes , struggled, raised children, contributed etc. to give up what they worked so hard for? Start taxing family trusts then we’ll talk.
    Christ almighty, all the bastards that ever put an X next to the name of this worthless, feckless POS or the corrupt, lying sycophants that ran under his banner can go straight to f&*%!#g HELL and burn there for eternity.

  17. my ‘housing’ story? scrimp scrimp making $2 hour cutting my teeth in the mainframe computer operator field. a very tiny niche so bugger all competition.

    one place l lived for 7 or 8 months was MOUSE INFESTED but $80 a month.
    well howzabout the fact l GREW UP with mice in the house and knew whut to do.
    cpl weeks rodent all gone. meanwhile scrimp scrimp scrimp 5 years later big promotion, 2 more years my first house and IM NOT EVER 30 YRS OLD YET.

    heyo millenials, ‘ya do what ya can ya do what ya got to’ let that sink in.

  18. When we were born taxes were about 30% of the economy. Housing was the major expense followed by food etc with the cost of government in third place.
    Today the cost of government – taxes and the cost of regulations and the costs resulting from government policies is over 50% and is the largest single cost and the fastest growing expense. Housing is second boosted by municipal taxes and fees followed by food.
    The cost of government is the major factor in the unaffordability crisis. Yes, Trudeau, you have control over the cost of government and therefor you are the problem. Blaming seniors, is just a diversion.

  19. Fomenting generational hate among citizens. The narcissist prick is a real class act.

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