Canac got forced out of canada after spending millions trying to fend off the MOE as neighbours complained relentlessly about the industrial facility beside the house they bought.
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Will the real Pierre Poilievre please stand up?
- Thread starter timtune
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Shaman
Well-known member
Adding to this:
Carbon tax costs average family up to $710 this year: Parliamentary Budget Officer
The Canadian Taxpayers Federation is calling on the federal government to scrap the carbon tax following today’s Parliamentary Budget Officer report showing the carbon tax costs families hundreds of dollars more than they get back in rebates.
www.taxpayer.com
Before the new hike yesterday, the average house was spending more than they get from the rebate. The CBC strikes again with pro-Liberal rhetoric.
That's not what it does. And to my point, PP has stated that when PM, he'll ban members from allying themselves with that organization.
Klaus Schwab - Wikipedia
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Shaman
Well-known member
So, a completely unknown pro-Left nobody of a website shows up out of nowhere and you decide that suddenly they're the sole arbiters of truth. Interesting. Let us know how that works out for you.
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Shaman
Well-known member
I'm not asking you, I'm telling you. I own 17 rentals.
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Shaman
Well-known member
Except they're not.
Carbon tax costs average family up to $710 this year: Parliamentary Budget Officer
The Canadian Taxpayers Federation is calling on the federal government to scrap the carbon tax following today’s Parliamentary Budget Officer report showing the carbon tax costs families hundreds of dollars more than they get back in rebates.
www.taxpayer.com
This is before yesterday's rate hike.
TK4
Well-known member
My 3 bedroom bungalow is worthless - whoever buys it will just bulldoze it and build a castle, because that's what they do in my 'hood.
So I keep up the repairs, try to avoid any major upgrades that won't add a penny to the selling price and wait for someone to make me an offer.
The dirt is where the value is.
So I keep up the repairs, try to avoid any major upgrades that won't add a penny to the selling price and wait for someone to make me an offer.
The dirt is where the value is.
The scary extension of that is when surfside condos collapsed, the vacant land sold for more than if someone had purchased every individual condo in the building. I don't think it will be too long before we start to see some toronto condos being redeveloped. Unlike TK4's house, the holdouts may not get to choose when they want to move out.
Mad Mike
Well-known member
I don't use all that much gasoline. The calculator is misleading and incorrect. The calculator says the Carbon Tax outlay fro me after rebate is $65/mo, or $780 per year.
The calculator computes that I pay $99 in carbon tax on gasoline and LNG, but they left out HST -- so my actual outlay is $112. Add in the $34/mo for imbedded increases in goods and we're up to $146/mo.
But wait! It goes up to $170/mo in April, so my average over the year will be $165/mo. So, for the year I'll pay about $1870 to cover the impact of carbon tax, and receive a rebate of $61/mo or $732/year.
The calculator says I'll be out $800 after rebates. When I add in the missing tax and the April Carbon Tax bump, I'll lose about $1236 because of the carbon tax this year.
That's about 58% more than CBC's propaganda calculator.
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Unless the bank owns them how could that be??
Mad Mike
Well-known member
Haha! Me too!
I'd let my insurer off with just the cost of hauling away the charred remains.
My townhouse complex has been courting developers since before we moved in (2016). But every time they make an offer the owners counter offer and the developers scatter. My neighbours must think we live on top of a gold mine.
Especially in a smaller development, it wouldn't be too hard for a developer to shadow purchase enough units to take control of the board. It's all over but the fat lady signing at that point. Get out at the offered price or watch the price plummet month after month as the "board" actively works to devalue units.
Shaman
Well-known member
Most landlords leverage mortgages so that they can buy enough property to make it wortwhile. In 6 years I've made almost a third of what I pay in mortgages in net profits, almost 300% in property value in appreciation and upgrades, and can service the debt at 6% (now) while taking that level of net profit that the bank insists I take, like they're my business partner. I consider paying down the debt to be profit as well but I don't include it in net - because I'm paying myself as well as the bank when I pay the mortgage.
They've even gone through the properties apartment by apartment to suggest what the rental price should be. Like I could just raise someone's rent overnight so that the bank is happy... it's quite a frustrating experience in that sense. The good/bad in this is that it took something like 11 months for them to be satisfied, and during that time I was charged the pre-Covid interest rates... so @#$% 'em for wasting my time.
I can' t recommend it for everyone but for me... well, I bought these properties before Covid-19, so I'm sitting on a very large appreciation income that the government will tax me on with capital gains and land transfer taxes when the day comes for me to move them. The bank, however, doesn't care about appreciation, they're about income <> expenses and don't consider that.
Shaman
Well-known member
Just for funsies, I want to share the "mobile home" that a vagrant was making in the rear parking lot of one of my townhouses on Bagot St. Kingston (beautiful building, 3rd floor balcony overlooks the old jail yard on King Street and part of the harbour, the old courthouse is visible from the Bagot facing windows). This guy was making this partially out of lumber we had piled up after some repairs on the fence between buildings, "for his girlfriend," so yeah, it was stolen lumber. I would have given it to him if he asked, though I wasn't prepared to let him park it there.
I own a rental and had one in the past. Both properties were mortgaged but never had any contact with the bank other than payments.
Mad Mike
Well-known member
The first re&re on our little crescent just finished framing. It's an out of place 3600sq' behemoth, with 4car (double-tandem) garage, a flat roof at 30', another 400sq of 2 story covered decks. A bit out of place at the moment, but very nice -- hopefully it sets the new standard for the hood.
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