Ireland launched a campaign against greedy landlords with rent control, 52% tax, no deductions, no evictions.
They succeeded & landlords left the market in droves
Now there are 716 homes available to rent in the entire country and 150 queued for this one bed yesterday.
#VanRe
In Canada the maximum possible payout from the Canada pension plan is $1,368. The average payout is $758 a month.
Americans get an average of $1,707 & a maximum of $3,627 in USD.
They only have to work 10 years to qualify too.
If you want to make rentals readily available, make rental income tax free. It's unpalatable, but do we want readily available and affordable housing or do we want to crush greedy landlords.
1st Step - Make landlords declare the rents being charged
2nd step - Ban increasing that rent
They do this in Ireland by making landlords register tenancies & publish the rent. Tenants can look up the rent and appl for a refund if they were charged more.
Failure to register
Trudeau announces the creation of a new Canadian Renters' Bill of Rights, with a requirement that renters would know a unit’s rental price history…so more red tape/ bureaucracy?
@VillanovistPal
@saifedean
The largest property owner in the entire country is the Ontario teachers pension plan. Every single american REIT is scooping residential homes in Ireland because they rig the system to pay zero tax on rental income, while mom and pop pay 52%. Its an absolute scandal
@DailyLoud
Southern Regional staff of tried to cover up the decapitation by discouraging the couple from getting an autopsy, encouraging them to have their son cremated and wrapping and propping his body to make it appear the head was still attached.
Yikes
Lots of people asking why landlords selling up would reduce stock. Just means people were able to buy cheap!
No, because a rental may have 4+ tenants, while owner occupied houses usually have just two occupants.
Occupancy is reduced with a heavy home ownership ratio
@AKBrews
This guy makes it look kinda hard, but don't make the mistake of thinking this isn't super easy for some people.
Here's a guy seeing a .2 second flash on a map and identifying the exact road. In africa. And it's legit
@BillAckman
@Harvard
I never understood why Harvard Alumni donate money to an institution with $40b in cash that they just sit on.
Do they think that throwing another $5m on top of that insurmountable pile is a good use of the money they have accumulated?
@engineers_feed
Nasa developed a Space pen made from tungsten carbide and thixotropic visco-elastic ink in a hermetically sealed and pressurized reservoir. The ink is forced out by compressed nitrogen at a pressure of nearly 45 psi. The Russians used a pencil.
@Appyg99
90% of people in France earn less than $48k a year. To qualify for the top 1% you only need $96k
People are more equal and you can tell they are happier from all the rioting that kicks off every few months
Lots of people asking why landlords selling up would reduce stock. Just means people were able to buy cheap!
No, because a rental may have 4+ tenants, while owner occupied houses usually have just two occupants.
Occupancy is reduced with a heavy home ownership ratio
Ireland launched a campaign against greedy landlords with rent control, 52% tax, no deductions, no evictions.
They succeeded & landlords left the market in droves
Now there are 716 homes available to rent in the entire country and 150 queued for this one bed yesterday.
#VanRe
@thejasminecox
@bchesky
Omg, set a three day minimum and raise your prices. You’ll have every weekend gone before you know it and be scrabbling for weekdays. 3 day min fixes this and has better quality guests with no partiers
@michaeljburry
@TheLastBearSta1
Takeaway: This isn't a panicked deleverage ala 2008 where the govt had no clue what was happening or how to fix it. This is a planned pop of a bubble that was out of control.
The CCP is saying it's time for the tide to go out & no bailouts for those swimming naked
#Evergrande
Vancouver and BC are about to get a HARD lesson in unintended consequences if this Short Term rental bill goes through as written because it includes a critical change that few have noticed
This change will go into Law on May 1st.
At that stage, BC will have defined Short term
@macsloth
@Thund3rB0lt
she gets to live rent free for 2 years. That's enough of a break on expenses to clear debt, build savings. Even if she goes back to a low income apartment she will be doing so in a better position than she is in today
People are complaining about the fountains in vancouver, saying we need to turn them off to conserve water for the summer.
Meanwhile we sell Nestle 265 million liters of water a year, for which they pay the princely sum of $596.
That's not a Typo.
#NewYork
condo is rent controlled at $1,725.
The Broker then engages in some rental arbitrage and sets his fee at $20k to balance things out.
The owner gets screwed, the tenant gets screwed. the Realtor gets rich
#RentControl
in practise
@elonmusk
@sama
Sam Bankman-Fried's tweets this week:
Nov 7: Assets are fine
Nov 9: Assets aren't fine
Nov 10:
#FTX
US is fine
Nov 11: FTX US is BANKRUPT
Nov 12: We were hacked, terrible timing, so sorry.
#NewYork
condo is rent controlled at $1,725.
The Broker then engages in some rental arbitrage and sets his fee at $20k to balance things out.
The owner gets screwed, the tenant gets screwed. the Realtor gets rich
#RentControl
in practise
BC Lung transplant housing group on CBC says patients are taking themselves off the transplant list due to the ban on monthly rentals.
30% of transplant patients use monthly rentals and are priced out by hotels. They spoke with Eby two weeks ago and he is "very concerned" about
@RnaudBertrand
China installed:
- 55% of global Offshore Wind power
- 29% of total global wind power
- 40% of global Solar capacity
- 21 Nuclear plants under construction, 40 planned
The US won't even admit the world is warming
@daniel_foch
Sorry, this should be the top comment. This is ridiculous.
"A dude in Toronto has his car stolen twice, had a tracker on the last one and called up police in Montreal and said “it’s right there in the port!”
Yep, they did nothing. He drove up 6 hours and got it himself."
@DavidSacks
Sacks is responding to a Russian account claiming the restaurant that was bombed in Kramatorsk was actually a barracks for US troops & that it was hit by a Storm Shadow missile that went off course.
No way he believes its true, but a good opportunity to pile on none the less
Canadas longshoremen were offered a median wage of $160k a year for lugging boxes around a dock.
That’s on top of a huge pension and whatever they get from the hells angels for allowing in drugs.
Wtf more do they want? This is how Detroit fell.
#breaktheunions
#BREAKING
NEWS: The union representing B.C. port workers says its membership has voted to reject a mediated contract offer it reached with the BC Maritime Employers Association (BCMEA) last week.
@JustinTrudeau
I was excited about these Carbon Tax rebates until i found out that they won't go to the rich & that Canada defined rich as anyone earning over $39,115.
Doesn't feel rich to me.
@elonmusk
Sam Bankman-Fried's tweets this week:
Nov 7: Assets are fine
Nov 9: Assets aren't fine
Nov 10:
#FTX
US is fine
Nov 11: FTX US is BANKRUPT
Nov 12: We were hacked, terrible timing, so sorry.
@TheOrcaBC
Kinda weak article. If the development is completely unlivable and a sh*tshow then the rental prices will reflect that. Net benefit to someone whichever way it ends up.
Either way, 6,000 new condos will put enormous downward pressure on rent in the area. Limiting the
Have to admit some of these Ex Airbnb rentals are funny.
Some expectation adjustment required if this guy thinks he's still going to get $6200 for his basement suite
@ItsEvakz
@georainbolt
Its memorization at this stage. I don't know how big the data set of images is, but he's seen them all enough times to know where they are
Today I learnt that Canada has a giant water faucet that they use to divert billions of gallons aimlessly into the Pacific. Trump is going to force us to turn the faucet so that it makes California lush & green again
Amazing.
@SteveSaretsky
Holy shit. If this is true its over.
Borrowing caps based on income killed the Irish market, condemned a generation to renting. Single people were rugged in particular, only one income. Even someone earning $100k is capped at $450k, barely able to buy a houseboat
The entire flag in the background goes pixelated when they make this edit on the cough. The end of the video has several more pixel changes too..
#TrumpHasCovid
#Theraputics
@BillAckman
@PershingSqFdn
Do you feel the same way about Alex Jones and his challenges to scientific theory? Should noted scientists debate Jones on Rogans show too?
What would be the benefit and how would it differ to debating RFK?
@RE_MarketWatch
52% is the tax on rental income. They pay stamp duty on the way in, 7% i think, and then 33% cap gains tax on the way out.
Rent control tied to the unit, so if you buy a place you can only charge rent 2% above the rate the prior tenant was paying. Forces rent increases yearly
@shannonrwatts
Should be some sort of 2 part test for gun owners. One part to make sure they can actually hit a target with 30 shots and another to make sure they are not absolute f*ucking cowards who will unload every time they get surprised
@Rainmaker1973
All this time I thought they had to do an implant post for every tooth & wondering how you drill that many small holes beside each other without making a mistake
@DavidSacks
@theallinpod
@RobertKennedyJr
Someday you guys will look back with embarrassment at how you backed this guy
You talk about how a deceptive media is creating an erosion of public trust while clearly disingenuously supporting a candidate we know you would never actually vote for. Especially you
@friedberg
@kbolan
@SusanLazaruk
@cherylchan
60 Prior arrests and already on probation for Assault in Whiterock.
I'm ready to jail the judges that keep releasing these lunatics.
@dictionaryhill
@elonmusk
@WholeMarsBlog
I’d settle for stop tweeting conspiracies and leave it at that. He can be right wing if he wants, doesn’t have to go full Tucker Carlson
@UberFacts
6 Weeks Holidays as standard, Option to work 4 days weeks, Free education & No college Debt.
Passports & $10 international flights on Ryanair
@ZameerKhAn08
@utdxtra
Lukaku is 25. Even with
@_MasonGreenwood
coming in Utd are still going to need Rashford and Lukaku in the team, unless you think Ole plans to play a full season with two 20 year olds and no backup?
@KahlonRav
@Dave_Eby
Just watch.
When this doesn't work they will start saying the government needs to decide how much rent you can charge & then they will want to take all of it in taxes.
@michaeljburry
Takeaway: This isn't a panicked deleverage ala 2008 where the govt had no clue what was happening or how to fix it. This is a planned pop of a bubble that was out of control.
The CCP is saying it's time for the tide to go out & no bailouts for those swimming naked
#Evergrande
@SteveSaretsky
in 1974 those 274k homes were all nice 3 bed houses with little gardens and picket fences for $50k.
Today you get a tiny shitbox for $700k if your one of the lucky ones.
@eyeslasho
Born in Asmara, Eritrea and then emigrated to US as a child. That would be a little ironic if so.
Theres only so many places over 5000 feet elevation that experienced bombings over 40 years ago. Kabul another option.
@FORMAFIST
@RE_MarketWatch
Coz the government usually implements policies they think will please the masses. They know the masses don't understand results anyway, the soundbites are what matter.
@DavidSacks
Sacks thinks Russia successfully invading and subduing a European country would be a massive win because it will make Biden look bad.
That's not a worthwhile reason to be cheering for the Russians imo
@DavidSacks
Sacks was declaring Putin had no reason to kill Navalny an hour ago.
Glossing over the prior novichok assassination attempt & his jailing for some reason.
Now going with "Biden jails people too, Dont'cha know", citing an example of someone not in jail.
@ShaziGoalie
Funny.
Should have talked about how her 6 mortgages are negatively amortizing by more than her annual income & the government won't let her increase rents to cover it
@Rainmaker1973
These elephants were from a herd in China in 2020 who were forced to migrate when a drought made their forest uninhabitable.
They walked for a year through farmland in China eventually ending up in a city before turning around and returning to the forest.
@ShaziGoalie
Missed rent payments being reported to the Credit Bureau. Finally a consequence for tenants and a major win for landlords.
Commiserations to anyone trying to rent with a poor credit score
@LeadingReport
The figures the poster links show the mortality rate is double for unvaccinated people in every month listed for all causes of death.
For deaths due to covid the mortality rate of the unvaccinated is 10x that of those vaccinated.
Poster assumes followers can't understand data