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Posts
2
Comments
334
Joined
2 yr. ago

  • No apology for Wyze's breach, but only 1500 of the possible alerts for not-your-home were clicked on/viewed. Gotta love sensational headlines.

    Also, if you're using a cloud-based camera for private spaces? Well, that's kinda a decision you made for yourself.

  • David Rosenberg is a perma-bear. He is trotted out like a circus pony every time a news organization wants to print a scary headline about the markets. His analysis offers nothing of distinct value because he does not change his opinion.

    David Rosenberg has successfully called 86 of the last 3 recessions.

    This is a useless article, written via the opinion of one of the most useless economists.

  • Unfortunately this is a pretty good example of misunderstanding major vs secondary market forces. Key word major, since the rest of your points are correct, just not as correct, with the exception of your point on limited supply, which is also a major driver.

    When you have super-low interest rates, you can pay a higher sticker price on the house per equivalent dollar of mortgage payment. Therefore the price of the house can rise to the point of people bearing the mortgage payment. This affects everyone, and creates bidding wars because the sticker price of the home doesn't actually matter; the cashflow effect absolutely does.

    In the case of PE entering the market, that's a secondary effect of low interest rates. PE operates pretty exclusively on leverage, so without super low rates they wouldn't be entering the market because it wouldn't be as profitable.

    You might also say that boomers' homes being underutilized is actually a secondary effect of the major driver of limited supply. If boomers have to consider the option of moving into a smaller place like a condo (which may be less price-stable compared to a detached home due to condos being more commodified), or an assisted living / seniors community (which likely has a higher cashflow impact than keeping their paid-off home), then why bother making any change at all?

    TL;DR - the government needs to get back in the housing development game; we need to maintain a higher interest rate environment (as distasteful as that might sound to some); and what we really need is immediate blanket rezoning for aggressive densification (like Calgary city council is currently attempting).

    Also fun fact: the Conservatives support none of those things, so, y'know, consider that when voting in a few short years.

  • The cynical-but-statistically-true answer is that this law targets the people that they want to put in jail / don't want to vote. It's a historical, systemically racist piece of law that benefits the incumbents and status quo.

    Otherwise they'd have to consider putting people like themselves in prison, or prosecute white collar crime, and that just won't stand for the GOP.

  • LOL, this dude's been lucky enough to never read a strategically worded political poll apparently.

    All polls are inherently biased in their wording. Almost no poll-makers are non-partisan, and the people most likely to complete polls are often the most biased.

    Statistics baybeee! They'll tell you whatever you want if you structure your intake datum properly!