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nobbie48 said:
Are those flippers any different than the stock market traders that add no value to a company but expect a juicy ROI?
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Somewhat. Most flippers and landlords think they can't lose. They are guaranteed to make money and completely lose their minds if the expected ROI doesn't materialize. Most equity investors chase returns but don't expect a 100% success rate.

I have no sympathy for either, you bought it, it might go up, it might go down, either way it's your problem. If you can't afford to lose it, you should have kept the money in a GIC and been happy watching it slowly shrink with inflation.
 
what polak said
This is what happens when you play casino with essentials, like a roof over your head, or food
 
mimico_polak said:
No different. However the flippers directly impact the ability of working/normal families to have a place to live. You can't buy a stock because it's pumped up, you'll survive no issues. You can't afford a house because the flipper is making massive amounts of money...well too bad so sad.

Personally, if the flippers want to flip, keep at it. But make sure you tax them accordingly. I would be all for CRA increasing the number of years from 1 to 5 at least in order to tax capital gains. Normal families will not be affected by this. Anyone doing it for an investment will. Many guys on my old street would 'live' in the house on paper as they 'remodelled' the home for personal use, only to sell at an obscene profit at 1 year and a few weeks. Meanwhile they had 3 or 4 other properties in the area. Each one under a different name...mom...dad...uncle...whoever. So capital gains wouldn't take a hit. Family member gets to live free, while they don't pay capital gains on the property. Anyway this is derailing this thread. Back to COVID-19!
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Continue the train crash!

Housing being tax free has long past the point of reasonableness. Make a maximum return before capital gains kicks in (eg. 1,000,000 lifetime cap on principal residence tax free gains). This both appropriately taxes flippers, discourages every house price being driven to the absolute maximum and may encourage some people to sell and move back down the property ladder (eg. sell your 1.5 million dollar house and buy a 500,000 condo as you may not want to pay tax on another million in house appreciation.)
 
Its not cheap to get them here, but the "agents" that supply agricultural workers will get together and organize a charter. Where they come from is largley tied to the crop they are involved with , Hondurans for peppers and tomatos, Mexicans for landscaping plants and Jamaicans for my friends orchard business for example . They often get the same crews annually and you use a "labour specialist" to organize your crew, assist with documents and make sure you get skilled and trustworthy crews.
We cannot run fruit and vegetable production in Canada without them. Its a sad reality but its the truth.
 
JT just announced another 9B in spending, this time for post-secondary students. $1200/month. My question is how many post-secondary students are there that don't qualify for CERB? I've made at least 5K a year on the books since I was 16. Isn't this spending money on people that had little prospect of making money in a normal year?

www.cp24.com

Toronto, Canada & Global Breaking News – CP24

Most recent News News business news stories and video from CP24
www.cp24.com www.cp24.com
 
GreyGhost said:
JT just announced another 9B in spending, this time for post-secondary students. $1200/month. My question is how many post-secondary students are there that don't qualify for CERB? I've made at least 5K a year on the books since I was 16. Isn't this spending money on people that had little prospect of making money in a normal year?

www.cp24.com

Toronto, Canada & Global Breaking News – CP24

Most recent News News business news stories and video from CP24
www.cp24.com www.cp24.com
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most of the students I know would have had summer jobs this year...working at camps or provincial parks, restaurants, tourism etc. This is pretty fair.
 
This guy's gone viral on the interwebz:

 
jc100 said:
most of the students I know would have had summer jobs this year...working at camps or provincial parks, restaurants, tourism etc. This is pretty fair.
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But wouldn't the vast majority qualify for CERB? $2000 a month is more than $1200. I would think that the vast majority of people getting $1200 were expecting 0.
 
GreyGhost said:
Continue the train crash!

(eg. 1,000,000 lifetime cap on principal residence tax free gains).


hey, lets stop with the crazy talk! Thats my windfall your messing with.

actually I'm good with capital gains, since its just a percentage of what you made, but the scam style flippers with a house registered in 6 other family names needs to be curbed, its fraud.
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GreyGhost said:
JT just announced another 9B in spending, this time for post-secondary students. $1200/month. My question is how many post-secondary students are there that don't qualify for CERB? I've made at least 5K a year on the books since I was 16. Isn't this spending money on people that had little prospect of making money in a normal year?

www.cp24.com

Toronto, Canada & Global Breaking News – CP24

Most recent News News business news stories and video from CP24
www.cp24.com www.cp24.com
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You get the votes from the younger generation cause you helped them out...and they've got 50 years or work left ahead of them to pay the tab. May as well give them some scraps so they feel warm and fuzzy while they get taxed through the nose to pay off the tab.
 
Wingboy said:
Listened right up to "Having to tell the gov what to do". We get the gov we deserve. You voted Vic.Now stfu..
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Glad we're not americans rn
 
sburns said:
on a side note, noticing a interesting trend here with "Trials" like profile pictures....might have to updated my own... :ROFLMAO: :ROFLMAO:
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:cool: I hope you do a better job of it.
I have some good Black Leopard pictures if you need one
 
Evoex said:
Fairly certain I made it!
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No, you didn't. Enlighten us.

mimico_polak said:
You get the votes from the younger generation cause you helped them out...and they've got 50 years or work left ahead of them to pay the tab. May as well give them some scraps so they feel warm and fuzzy while they get taxed through the nose to pay off the tab.
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When the alternative is a decade or more of ruin if we just left everyone to their own means at this point, personally, I think the current path, however financially painful it may be, is the right one.

We don't need Canada to become another Alabama or Mississippi because people can't afford to educate themselves and get sucked into a never ending spiral of poverty. We are better then that.
 
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