Close Menu
    Kanada

    5 Gründe, warum es auf dem freien Markt darum geht, reiche Eigentumswohnungsentwickler in Vancouver mit Steuergeldern zu retten, von Mark Carney

    Share.
    View 26 Comments

    26 Kommentare

    2. cobrachickenwing on

      Just a repeat of 2008 again. Protect Bay Street and let Main street pay for it.

    3. Character_Comb_3439 on

      From another post I commented on that was deleted…

      The fact that “can’t sell at a loss” was said infuriates me. I know dozens of people that have had to sell homes at a loss due to relocation requirements. If a developer goes bankrupt, so what? Do the buildings get torn down? Or are they liquidated?
      You know the thing about forest fires? They get rid of the deadwood. Yes, it’s traumatic but it’s healthy for the ecosystem. We have been propping up zombies since 2008…it’s time to purge the books of toxic assets. Is it scary? Yep. However, I would rather take a chance on something new than the decaying economy we have now.

    7. mightocondreas on

      I’m starting to think some of the really rich people are working together and against our interests

    9. Green_Economics_5786 on

      „can’t sell at a loss“ ok them let them default when they are bankrupt. WHY ARE TAX PAYERS BAILING OUT MILLIONARES AND THEN REBUYING THE UNITS AT DISSCOUNT. this is a scam and should NOT happen. want affordable housing? BUILD IT. don’t buy over priced condo’s and let US eat the cost. stupid move.

    11. DeanPoulter241 on

      Surely some friends of the carney and liberals are getting rich off of this.

      These developers are big boys like any big time investor and you win some and you lose some.

      Billions here billions there ….. billions billions everywhere seems to be the motto of the carney. Future generations will thank this POS when he bankrupts Canada or saddles it with so much debt its like having a fiscal anchor around your neck.

      What should happen here is when the developer defaults on their financing these units get liquidated at a discount which will drive prices down in the area. We should not be on the hook for any losses.

      Perhaps I will change my tune when the govt steps in and compensates me for picking a losing stock or property.

      Hope all you liberal supporters are happy.

    13. theoreoman on

      Why is it that the big guys always get bailed out?

      They made a bad investment and sometimes to need to take an L

    18. EP40glazer on

      There’s a difference between different types of capitalism. Carney is a state capitalist, he believes the state should pick winners and losers to guide the economy. The Conservatives meanwhile are free market capitalists. They believe the state should get out of the way and let the economy grow naturally. This is what people who think Carney is economically right wing don’t understand, free market capitalists don’t believe in the state building stuff like Carney does, they believe in the private sector building stuff and the state letting them.

    19. Siludin on

      I asked before but nobody answered – do the homes cost less to purchase now, than it would cost to build new affordable housing of the same type in the same location?
      What would be the point in handing out a contract to build affordable housing to a developer who already has stock of housing to sell?

    21. Typing_Merchant on

      Don’t worry though guys, we have a ~~fiscal conservative~~ who’s all about the ~~free market~~….

      It’s like we took a liberal, then took out all the good things about liberals, and put in all the bad things about conservatives.

    22. tenroy6 on

      I honestly liked this guy when I voted for him. His honeymoon phase is over and I can’t wait for a new election already…

      EDIT: Yes I know the article is satire.

    24. Expensive_Plant_9530 on

      It’s an interesting situation and I can see both sides of the argument.

      The main argument for doing this is two-fold:
      1. If all the developers go bankrupt because they couldn’t sell the units, that’s generally bad for Vancouver’s development industry.
      2. We can purchase these units and make them into affordable housing.

      Is argument #1 valid? Yes, I think, to some degree. But on the other hand, maybe we need to let them go bankrupt. We got into this place to begin with because of greedy developers building investments, not homes.

      I’m not a real estate or development expert. I don’t have the answers.

      But I’d be curious to listen to someone who is an expert break down the likely outcome of either going ahead vs letting them go bankrupt.

    26. Nonamanadus on

      If you are rich, you can afford to take the hit.

      Lots of middle-class people don’t get a break from the government. I remember when my wife’s employer fucked up on taxes and she ended owing over $3,000. And when you live paycheck to paycheck that is a really big deal.

    Leave A Reply