Confidence Vote Fails, and How I Analyze & Predict

[@dragonfly31orchid]

I absolutely LOVE that you are "one of the few deranged enough to" find empirical data and provide educated analysis on the stuff, "for free"!!!

[@briannaa4502]

I think ‘deranged few’ is synonymous with ‘neurodivergent’ lol, this kind of endless quest for knowledge, problem solving, and making linkages (that seem obvious to us but definitely aren’t to most) is how we roll 😎

[@SmilingBakedBaguette]

"I don't consider myself particularly smart" Oh but you overestimate everybody else

[@jaws5678]

Appreciate your time and effort in making these videos. The numbers are always there and it’s an easy way to look at trends and make predictions. I do think we would have much better policies if people let do of supporting specific political parties and focused on actual solutions. Then politicians would be forced to make actual changes, but people feed into the drama of politics and the numbers and solutions get lost

[@user-wr4uz8pg7m]

Thank you for your service. Anyone who proposes using fact-based analyses grounded in a steady, logical unemotional approach in the 21st century deserves a medal.

[@JohnFraser-zc8cu]

Thank you for being a beacon of education for us, and love that you encourage general knowledge and curiosity out of your community. I love all you do.

[@joaodarocha]

Man, I'd totally pay for this kind of breakdown. That is why I've decided to be your Patreon. Even the pros can fall into the confirmation bias trap. I've had to figure this stuff out on my own before. Wish there were more smart folks like you sharing these insights on KZbin.

[@TheWaywardJester]

Love it, we need more reasoned and logical news like this in Canada.

[@silentpriority]

Great vid, again! Another factor is employment in the analysis of housing market. The debt burden will likely be prolonged but whether the capacity to service that debt will remain strong is a whole other issue. I've noticed more and more regular people trying to be more rational in their long term thinking using finance and not economics. I will have x job for 30 years, I will have y car for life, my growth will be the same as the last 20-30 years. We have some major black swans in play; climate change, AI and global musical chairs to name a few. All of which will play into our GDP and economic stability and life is just...... life. I share your vids with everybody, and everybody who watches seems to snap out of a trance and become critical when watching your style of journalism. Well done.

[@astrocatcity]

Wonderful message at the end of the video. Your friends, family and colleagues are lucky to have you in their lives.

[@ryanelliott71698]

Your analysis on housing prices is spot on. Especially how housing prices are an abstract thought as home owners only really care about their monthly mortgage. Which is why the government’s decision to raise the mortgage years from 25 to 30 is so bat shit insane. It won’t fix housing prices, only the illusion of prices being lower.

[@D4rkBl4de]

Yep I absolutely hate that. I want my first home and I don't want a 30 years mortgage. It's absurd! I have a software dev career and should be able to afford a decent home at a decent price and this is NOT it.

[@GreenBeanGreenBean]

you do know you can bump up the payments after you qualify at the 30 year rate right??? the only reason why 30 year ams are required are because of how hard it is to qualify.... if fraud was actually a problem, the mortgage default rate would be a lot higher than the 0.2% it is today.....people are making their payments

[@johnkolanko917]

The primary reason why I follow is because this is an objective evidence based analysis. I don't have time to do the analysis you do and the media is too dependent on click bait that it's hard to discern what's not noise. THANK YOU! Also do you think there are some localized RE bubbles aka Halifax that will go down further. No real facts other than anecdotal evidence.

[@grazed_right]

Can't tell you how refreshing it is to hear something intelligent and productive. Thank you so much

[@Avarua59]

Appreciate your analytical take on Canadian issues.

[@Thecarbonhero]

I love that you show humility and really objectively look at things no matter the result. Thanks for your hard work, it genuinely adds to my day!

[@sirrobinofloxley7156]

It's great that you can teach this, humble as you are, it's a crucial element in the grand scheme of things 👍😎

[@megadethwok]

As an immigrant and having some knowledge of how politics work in the country that I emigrated from, doing this kind of work (pushing for critical thinking) should be more appreciated. Unfortunately it won’t until people go back a bit and realize how valuable education actually is. Thanks for your content

[@dylanjulescooper]

Inspiring and invigorating. Really appreciate your thoughtful encouragement to seek out the answers to our hypotheses. Especially love how you didn't phrase it as "do your own research", despite how other social media'ers insist on their viewers to antagonistically seek out the 'truth'.

[@JamieHari]

I love your take on how and why people should do more critical thinking for themselves! A big part of how we will mitigate mis/disinformation... Thank you for what you do! ✊✊✊ Never change!

[@cvdavis]

I agree

[@JulieBoyer]

The thing is, if we sell, where do we live? Rent is insane here in BC and we have pets. I'm incredibly grateful we have a home and don't have to worry about being reno-victed for example.

[@davidsmind]

The idea is that people who bought a few homes will sell crashing the market. People with one home and cannot pay bills may sell and move into a home owned by a conglomerate who buy up all the homes during a crisis point

[@butwhytharum]

Look at it from the other side too... If I buy who's going to rent my now vacant rental? Students? Lmfao

[@jessip8654]

Same I've watched multiple renting friends get renovicted from their homes. One is getting renovicted for a second time in three years. Their rent has gone up by $1000/month when they were forced to move. I may be stuck in my starter home, but at least no one's booting me out or jacking the price.

[@butwhytharum]

@@jessip8654 then interest rates going higher shouldn't affect you then...

[@Something5870]

Rent is high, but mortgage + HOA + Property tax for a similar home is WAY higher, not only in BC but everywhere. Pets are defo a big problem to find rent options, but it's still doable as long as you take your time. YoY in BC rent for new units is pretty much flat, no increase or decrease, and with the drastic cut in Study Permits, PGWP (work permits for graduate) and denial of work permits for low-income jobs as our unemployment is over 6%, there is gonna be a lot of current renters that will leave during the next year, meaning vacancies going up and as such rents for new tenants won't increase for a while. Not only BC took steps to prevent Renovictions, but they only happened when rent for new tenants increased more than the controlled rate. This hasn't happened this year and won't happen for a solid while, in fact the 3.5% increase for this year is probably more than the increase most units would get by getting a new tenant. Another way to protect against those is to rent from corporations - they are way less likely to do Renovictions as it takes time and energy at every corporate ladder to go through vs the private Landlord who consider his time investment into a unit worth 0$ per hour. You really shouldn't be afraid of those for the next 5-10 years at the very least.

[@dp-vg9kp]

Much love buddy! Great advice and I will start doing my own research on some topics I’m interested in. We are definitely lucky to have you sir. Hope you have a wonderful weekend ahead.

[@Daylend1337]

I really appreciate what you do with this channel. Thanks for your continued insight, even if you are an internet stranger. Hope things are going well for you 😊

[@RageandSig]

Outstanding. Articulate and well-spoken, using common language I can comprehend. I'm left feeling motivated to dig deeper yet I'm also afraid of what I might find. Does that make sense? Thank you Millennial Moron for all that you do. I will see you someday; the beer and Tacos are on me!!

[@goebelwarming]

You should do a video on the bc ndp housing plan

[@thehockeyhistory9722]

Millenial Moron pour premier ministre! Vive le Canada

[@mrpresident8798]

Man, you're the only person in my entire network who's thinking like me. I felt i was friggin alone and it messed me up for so long!

[@free3690]

Thanks for your insights. I was fully expecting a badly dubbed video but it seems like you have the makings of a great ventriloquist!

[@abnutcracker-xh3wy]

Keep the content coming as its appreciated .We all need to keep learning

[@butwhytharum]

I like your analysis on the market... Its got the "the sky is falling" message without the panic... And yes housing is for living in and lots of people out there have financialized their home(s) and are going to feel the pain.

[@SomeDudeQC]

I bought my home for stability and to raise a family. If price goes sideways I still built some equity vs renting, and am not afraid of having to move or the price of my rent being jacked up.

[@butwhytharum]

@@SomeDudeQC know what interest rates going higher is like? Your rent being raised... And it's not like your renting something that's controlled... You rented money. So will it never be raised? "Equity" is the percentage of the debt you paid back.

[@SomeDudeQC]

@@butwhytharum I currently pay a fixed interest rate >5%. The interest I pay each month for my single detached home is lower or on par with rent in the same area for an apartment or condo.

[@jcayer5]

As usual, I mostly agree with you. However, none of us can be experts, or even have a strong understanding, in all topics. Part of developing critical thinking is to recognise a sensible analysis and learn who to trust. I’m curious enough about Canadian housing to watch your videos, but not enough to conduct my own analysis.

[@Gronmin]

I agree that it's not super hard it just requires time, the hardest part for me is actually finding data on the topic your interested in and then doubly so data that actually goes over the part that you are looking into at the moment

[@JRuni0r]

Here's the Summary: Form your opinions rather than simply have opinions. Forming opinions isn't regurgitating information that you passively consumed. It's (unfortunately? What you should have learned in first year Uni), go in with a question and find sources and documents and refer to experts to develop a broader understanding of the subject.

[@AerospaceGuy]

@9:50 - is exactly why people are following you. But yes, more people need to have these research projects on their own.

[@Da1its0Uf8oma]

This is one honest analysis and you are one honest person.

[@thesupremeveggieburger427]

It was another stunt 🤷 At our expense 🙄

[@Not.a.bird.Person]

I agree with much of the analysis, though one thing that I would add is that home prices will continue to go sideways if and only if there is no major economic downturn. The reason home prices could continue to go down a lot is because they were very high to begin with and because an economic downturn that is more severe would mean job losses and job losses are the mechanism by which panic selling occurs. It may not be there yet, but if the economy keeps heading into deeper and deeper recession, panic selling could materialize more in my opinion. The reason I would argue this is more likely than a sideways scenario is because the stretched wallets of homeowners also have consequences on the broader economy because reduced spending means reduced profits and reduced profits typically means layoffs. A homeowner may be willing to carry their mortgage to the end but hard reality can conflict with that willingness to do so if they have no income for it.

[@Davidstgelais]

I know a gem commentator when I see one. This is it

[@kaileypatton]

Appreciation comment.

[@vinceriker7498]

you know your voice calms me a lot. simple logical reasonning no bullshit is quite nice to listen to. you get that like button and the comment 🤌

[@Elemblue2]

As a specialist, I find it offensive that you would combine disciplines together for a "more accurate view", that is "The equivalent of being able to turn your head to look around instead of always facing one direction". That's not where this society is going and its absurd to believe my massive confusion and need to torture the data is a result of all the answers not being contained in my specific discipline! Get with the times sir!

[@ebukaobiakor9322]

Great video!

[@edubmf]

> how I make predictions >> I imagine I'm an innumerate Canadian with a love of unearned income who can't be bothered to understand the monetary system

[@Tehman00]

You are the writer and we are just living in your storybook. Now predict a good ending =)

[@jimspicer6863]

Hey, love your videos. I’m curious as to what you think will happen during this time of stagnating home prices and high debt maintenance if there is some kind of external shock. The way I see it, we are at a geopolitically unstable moment where an extreme event which drastically raises prices on key commodities is likely, if not inevitable over the next say 10-15 years. Do you think the position we’re in is precarious enough for us to be hit harder by this than other countries? I think many Canadians will go from struggling to maintain debt to being unable to maintain debt in unforeseen circumstances like a major war.

[@Not.a.bird.Person]

I would go as far as saying Canada can screw itself without the need to involve geopolitics. It is very likely that the shock may come from the inside in the form of a severe recession caused by a lack of disposable income due to high debt carrying costs for homes.

[@emma7149-s4o]

I agree with you about the call largely coming from inside the house ​@Not.a.bird.Person while I also think a major geopolitical event would obviously affect us, I think we'll see a recession (whether on paper or just all the effects of a recession without a lowering of gdp like we're seeing now.) Basically I think it's crash the economy by letting housing crash (because so much of our gdp is wrapped up in it.) Or crash the economy because noone has any disposable income that's not food and shelter. Could be soon, could be 10 years from now but letting housing swallow so much of everything will back fire at some point economically.

[@merpusderpulan7612]

My man with the motor mouth I had to go down to 1.5x lol😂

[@Squatle]

We need more people like you If you’re ever in Vancouver, let me take you out for dinner

[@mackenziehinschberger3699]

My opinion is that you're right.

[@tristanlegare9054]

Good video meing

[@markd3131]

One of the prerequisites to elevating the dialogue is improving the education system. At least in Ontario, we're forced to do 4 years of learning Shakespeare but very little about economics or politics. That's pretty crazy when a basic understanding of renting vs owning could save you hundreds of thousands of dollars and lots of stress. We need a populous that's able to tell you which level of govt is responsible for what, who appoints judges and understands that policies can have lag times before the effects. Part of me thinks that the education system deliberately leaves students with a poor understanding of economics and investing to keep them as good little consumers who will keep the economy running.

[@aaronsullivan1628]

I’ve said this since I was in high school and that was in the 70’s. A lot of what is taught in school is baloney. The product of this poor education is the lunacy we see around us today.

[@JRuni0r]

​@@aaronsullivan1628Sure guy... That makes sense 🙄. Education can always be improved but man I'm sick of older people that kids should be wasting time at age 16 learning how to change a tire or how to fill out a form instead of doing actual difficult work like learning Chen/Physics/Math and reading/developing writing skills... There is plenty of groundwork that may not apply to people later on in life but learning algebra and early calc is a lot easier before 18 than trying to cram it at 18 when you choose Engineering as a major. What "Baloney" were you taught that doesn't matter and what should it be replaced with? It's always the same old incorrect criticisms...

[@briannaa4502]

What drives me crazy is people thinking that politicians actually do anything substantive. Politicians set a strategic direction and usually bring in a couple of key initiatives, but the majority of work and decision making in the federal govt is done by the bureaucracy. Politicians are primarily a distraction. If you want to see specific changes, you can reach out to departments, to the people actually responsible for that work, with data and recommendations. A lot of the time when things aren’t happening it’s due to ignorance/incompetency in the system - things that seem obvious often aren’t. The housing crisis isn’t a great example because it’s an example of deliberate bad decision making I think, and was in fact heavy influenced by politics. I would love to know if there was a briefing note considering HELOC changes for example (ATIP requests are available to get that kind of info).

[@straighttothedisco]

We can do that and learn Shakespeare. This is not an economics issue, it’s a critical thinking issue, and supporting the arts helps with that. This was a big issue in the Harper years where art and science programs were cut, and testing was higher but absolutely nothing was done to support teachers who had their classrooms pushed to huge numbers. People need critical and creative thinking skills, looking at numbers head on doesn’t help, as he said you need to talk to common people and talk about future goals, not right now.

[@bobloblaw1720]

The problem is people don’t know how to process information our think objectively. Idiots in echo chambers project what idiots in echo chambers project.

[@philllllllll]

CPC continue to show they just don't 'get' Québec.

[@Vanhala]

Or Canada tbh

[@philllllllll]

@@Vanhala true

[@SomeDudeQC]

They get Quebec City, though

[@Ben_Stewart]

who does?

[@brentmcf]

They’re probably not thinking about it, but the NDP & Conservatives are competing for Saskatoon’s urban seats, for example. Probably most western urban ridings are like that

[@Colton-el4mp]

NDP always seems to outperform locally compared to federally (except that one time but then the guy in charge died and no one else seems to want to dare to be labelled a dirty centrist by trying again).

[@JakeMGolle]

Okay, challenge accepted. As someone who is interested in the rental market more than real estate prices, where would I start? What sort of data sets are considered reliable for rental rates? Any starting points you'd recommend?

[@MillennialMoron]

You can look at statcan, the CMHC rental market reports (they have supplemental data sets too) and rentals.ca where they've got a monthly rental market report. Just be aware that these are all going to be measured differently, so they're good for looking at trends - but can't be compared directly to each other, or assembled into a single set.

[@j.h.arnold]

Might of mentioned it over on TT, but I’m calling you Hari Seldon from now on.

[@gskills]

Thanks for the content

[@InvistanoExteriorcomEricoSouza]

Great video. The question will also be how many new immigrants will continue to arrive. This is important to gaute the offer and demand...

[@munki037]

Sftu I TRUST YOU cuz it makes sense

[@Mr.KellyMelvin]

Nice

[@belovedmakesmusic]

By god man. We need to get you a mic.

[@MillennialMoron]

Sometimes I bring it on the road with me, but this time I had none of my usual equipment 😅

[@makerKID5]

@@MillennialMoron I don't care if you were using a potato. This is one occasion where the quality of the content trumps the quality of the audio.

[@bc5810]

In the suburbs of Vancouver, I see the few houses that sold this month all sold under asking, some substantially lower. So there's a little correction happening from the Covid panic peak. But I agree, a crash isn't likely. Sm

[@munki037]

I’m scared to learn more to find that it gets worse

[@belovedmakesmusic]

But keep up the good work.

[@whichwayiszigzag]

"If you give a man a fish, you feed him for a day. But if you give him a fishing rod, you feed him for a lifetime."

[@IRGeamer]

Political prognostication from Millennial Moron... “There is a cult of ignorance… and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge.'” - Isaac Asimov

[@vizantin]

The only part I would disagree with is that people are too stretched. It feels that way, but savings rate among the top quintile is doing just fine. In other words, it is poor being left behind. Well off are fine and will be ready to pay whatever it takes to own that nice house they like. Down the road, this means that more taxes and social strife are given.

[@meghanrichter8958]

❤❤❤❤❤

[@TedJohnston-b1x]

Unlike in 2008 this time there is a lot more Corporate involvement in the purchasing of properties, big, big money. That changes things in a way we have not seen in the past. You should look into the teachings of W. Edwards Deming, sounds like the two of you have similar outlooks.

[@Prairieshutterbug64]

I thought it was interesting that the price of real estate in YVR in terms of gold has been relatively stable for 20 years. There has been a steady debasement of our dollar.

[@axesandalcohol3776]

It takes the average person/family 1 week to get themselves into 30 years worth of debt. 7 days to get in 10,950 to get out. Everything moving sideways after rock bottom interest rates would be the best outcome.

[@fretstain]

is there any way for Canada to move away from our real estate obsession without also torpedoing half the country's retirements? The government has clearly shown their hand by raising the CMHC cap, illustrating that won't allow the market to fail more than it has so I don't see us ever really seeing a market correction

[@lettuceforbuns]

stay curious, my friend. stay curious.

[@shanesteele778]

The thing is the Bloc has a great chance to become the offical opposition they can take Liberal seats and the Ndp will lose seats to Conservatives so what is the Bloc waiting for?

[@MrKYT-gb8gs]

Can you make another video on the flat nominal prices over time?

[@nedi6188]

As long as debt can be roll over, as long as the cb are printing money and only bailing out banks and government debt, this bubble wont pop. Only a credit event that will create a recession or depression can pop this housing bubble

[@GreenBeanGreenBean]

a bubble is when the sale price far exceeds the cost to supply...................right now the cost to supply far exceeds the sales prices, which is why nobody is building anything new......... that should clue you in that the market needs an upwards price correction

[@nedi6188]

​@@GreenBeanGreenBean I guess but is it the only metric that is relevant to say for sure that its not a bubble. How about House Price-to-Income Ratio, CB interest rates and Government Policies.

[@Da1its0Uf8oma]

We can take Japan as an example. After their real estate collapse, the economy is in complete stagflation. Prices high, no increase in real income, etc.

[@snoopfroggyfrog7220]

Won't sideways prices force landlords to sell at a loss as they continue to be cash flow negative on a poor performing investment?

[@kanucks9]

They'll just hold. The cash flow is barely affected - they would have bought assuming a certain level of appreciation, but planning to make whatever they first year's rent was for a long time.

[@thebettaphish]

I think this is an accurate prediction *as long as* no large shock hits the system and causes an external recession. I feel as if there are many canadians who would have to sell their house if they lost theire job and how much of a knock-on effect would that have cascading house prices. the world is unstable enough right now, and countries dont have access to the same debt they had before covid-19 to keep their country afloat, that im not confident enough for housing not to drop, if you know what i mean

[@cptstubing]

We should all basically become more like robots. We'd get along much better if we were less human and more robotic.

[@WSBWallstreetBets]

I wish I had a better memory of what life was like before covid, especially in the real estate market. It feels like life started during lockdown, and headlines about wild real estate pricing was everywhere. But what was the 'norm' before covid and are we continuing that life nowadays or are we permanently affected by the lockdowns and money printing. Questions like.... Were precons investor friendly and cash flow positive? How much did properties appreciate per year? How many condo projects finished per year?

[@cccfudge]

These are exactly the types of questions he mentioned at the beginning of the video and the data is out there, although it can be a pain to find. Data is typically more reliable in retrospect than anecdotal feelings, although that's not always the case in the present. I can understand wanting to get a feel for "market sentiment" at the time though, which is a lot harder to get if you don't remember or weren't paying attention to it at the time.

[@TelosBudo]

Not having an election before June 2025 is where your prediction fails. The BLOC WILl vote non-confidence in October and the NDP will need to need to too

[@wdavid3116]

The title should really be non-confidence vote fails. I came here suddenly thinking the conservative motion had passed.

[@John577]

My arguement against flat home prices. At what point do investors realize that they can't make money on the inventory they have and start dumping/go bankrupt, foreclosing their property assets to the bank, going into foreclosure sales. In all likelihood, making housing go down further.

[@fretstain]

I think the government is showing their hand that they won't let this happen by raising the CMHC cap. Even Trudeau has said he won't do anything to harm people's retirements by letting property values fall... which is completely counter to them talking about making housing affordable

[@GreenBeanGreenBean]

say no to drugs, which you are clearly on. investors buy and hold based off cap rates........when the price goes down the cap rate goes up to buy up the remaining stock.......which leads to more investors, not less... in the housing market.

[@416Bear32]

Re your comment about prices going sideways, parabolas don't resolve sideways.

[@MillennialMoron]

All I mean is that I don't think nominal prices will be rocketing downward suddenly, I think it'll be either a slow grind lower, or nominal prices going sideways as real values go down due to inflation. That's what ended up happening in the 90s, and it looks like we're on a similar track - although the debt situation is much worse this time around.

[@SteveKarrasch]

First?

[@MillennialMoron]

🏆

[@donm2067]

Are you here to see how it's done? Seems strange to see you within 10m of the truth.

[@sirrobinofloxley7156]

Yes, blind to vulnerabilities without contingencies is childishly naive.

[@Ben_Stewart]

Jag needs his pension and the Bloc want to lock up the cheese and continue the transfer payments from Alberta. Separation is near.

[@everett8069]

Make me laugh funny man

[@andrewvader9077]

Even though getting a house is the biggest financial decision in your life. For last 15-20 years those people were not wrong investing into real estate when it always goes up! Like there should be better avenues or more advertised avenues instead of put all the eggs in one basket. Like I dare say that we are following the footsteps of what China was doing when you see the scandal of evergreen falling apart. Where it took generation Wells for a young male to have home, just to start a family! We may be 10-15 years behind but we don't have any ghost cities to prove it though

[@OwenWithAHammer]

If you get a laptop with an RTX gpu in it, you can use RTX Voice in NVidia broadcast to automatically remove all noise from the mic, it's great for recording/taking meetings on the road with the built in mic. Wasn't that bad though!

[@anathamon]

the “non-confidence” motion failed.

[@reneartur03]

That's a sobering video

[@amatte4611]

To me the data really shows that people are looking for the investment that keeps on giving with growth year after year and now with AI tools it's literally squeezing every data point to maximize profit for so called growth when it's really choking it , also be aware of the trap of so called rewards for spending, I'll pay you 2% hoping you miss a payment and be charged 20% interest and let alone the no funds available charge on automatic payment's

[@PEPELAUGH2003]

Second?

[@darylwilliams7883]

Don't underestimate the power of personal dislike. Poilievre has pretty much shat the bed in terms of anyone outside his party supporting his efforts, maybe for no other reason that he has personally offended pretty much every Liberal, NDP and BQ politician in Ottawa, either directly or indirectly. He is very clever at sarcasm and insults, and has a good team making up slogans, but most of the people in other parties understand that slogans are empty dog-whistles for his base. No-one can imagine such an empty-headed man running the country, and no other party will support his efforts unless their polling improves, a LOT.

[@syberspy9]

Politicans are all self serving and back benching, that's why there won't be an election until they all get their pensions. Hopefully this means the Conservatives get a larger seat count in the end. No one will ever be as empty headed as Justin, no one. He's a stupid rich kid, who barely even had a single job nor a real education in the real world or in academics. Removed from the school he taught at after paying hush money to a minors family, then assaulting a woman at a music festival, all while wearing black face. The clown has sold out the country for his own personal benefit and is so out of touch and uneducated he doesn't understand basic economics... No one will ever in the history of Canada be a worse prime minister

[@MrKYT-gb8gs]

10:50 lmao politics is not downstream from culture. That's insane

[@andrewpayette621]

Pretty sure you and Bald Prairie guy and in the same hotel lmao

[@MillennialMoron]

Pretty sure it's not the same one, but it's possible I've stayed at that one before 🤔🤔🤔

[@spnked9516]

Did anyone except it to succeed? The only politicians in Parliament who want an election are conservative MPs. With the Liberals, NDP, Green, and the Bloc (albeit to a lesser degree) functionally being the same party, they have significantly more to lose by gambling with an election. Honestly, even if the non confidence vote passed, and even if the resulting election turned out a major CP win, I wouldn't expect that much change in Canada's overall trajectory. It's poorly understood and rarely acknowledged, but Canada doesn't really have a real conservative wing to its politics. The project of dismantling Canadian identity began under Pearson and achieved most of its goals under Mulroney. With their foundations undermined and no conservative or traditional movement could find purchase without first reestablishing or remaking that core identity - which no conservative mainstream political group in Canada has bothered to do. As a result, there is no counterpoint to the increasing radical progressive wing to keep them tethered to reality, so they simply just drag nominal "conservatives" to whatever position the progressives held before they shifted to an increasingly extreme position. In simple terms, this means that if/when the Conservative party gets into power, the bulk of their decisions, attitudes, and language will resemble their Liberal party counterparts from 5-10 years ago.

[@SomeDudeQC]

Interesting you think the Overton window has gone left and that dental care is some radical progressive program. I'd argue the Overton window went so far right during the Reagan era and subsequent neoliberal governments, that the only way to be more right of it is to peddle in identity politics as the Republicans and now the CPC are doing. In contrast, the now centre right parties (LPC, Democrats) have widened the Overton window in order to combat the right's more hierarchical and authoritarian policies with more social programs and egalitarian policies.

[@donm2067]

The longer the NDP hold out, the more its going to cost them.

[@ianwally818]

NDP will not vote for an election,simply that would be like quitting a job and as politicians they may not get rehired. Also the ndp leader doesn’t have enough time in to get his pension,Jagmeet ain’t quitting.

[@PTRNovi]

Or because, you know, the conservatives are polling well and the conservatives suck, so NDP don't want them in

[@seanothepop4638]

If the housing bubble is fillable by anyone and everyone feasibly in the world, then it will never pop as long as humans exist. The bubble won't pop because the world has people able to buy/invest in what we have, they just aren't from canada directly. Foreign investment is HOT! It's not bad, but it cannot be in a necessity. Water, food, shelter cannot be an economic focus or something that should be industrialized and only afforded by foreign investors or we (including our immigrants) cant afford it locally because the price ceiling is based on world population and IT"S GDP not our shitty one, which guarantees we can't afford it. Unaffordability and a bubble that will not pop, is the result.