2/ Increasingly Canadians are telling me they can't get ahead. It doesn't matter how hard they try, it just doesn't work.
A household can make double the median income and still not be able to afford housing in π¨π¦'s major cities.
This isn't just a Millennial issue.
3/ Established small business owners are getting crushed.
We're telling disabled people to consider MAID because housing is expensive.
Our state committed senicide and glossed over it.
We don't trust our government. It doesn't matter which level. It's all levels.
4/ I could go on forever, but I think you get the point.
I worried everyone would be furious, but it was even worse than I thought. People felt helpless.
Talk to the average person. No one thinks government can help. Many just stopped voting in ON.
5/ I always tell people the worst parts of life seem longer while they're happening.
A recession doesn't last forever. It just feels that way.
No one believes me, but it's true. However, I'm starting to find it harder to believe with every closed shop and new tent city.
6/ This time might be longer than usual to see the light at the end of the tunnel. Greed, corruption, & apathy are pushing us to an extreme.
They won't stop until we stop them. It might surprise you, but this isn't a partisan issue.
7/ When deciding if I was going to run, I spoke to elected officials in all parties for feedback on the system and how it works.
They all agreed. Partisanship won't get us where we need to be. This isn't an issue of taxes or subsidies, it's an issue of a wreckless status quo.
8/ Elected officials are saying they're being held back from working together. Once you realize they feel like they have no power, you really kind of get that sinking feeling, eh?
The positive is, we all agree β incremental changes won't be enough.
9/ We need to take back the system. It's your tax money, it's your vote.
Why are we letting predatory plutocrats determine how it's spent?
How did we get to the point where they weaponized our own resources against us? It's time to send these predators packing.
10/ Over the past few weeks I assembled a small army to build a blueprint of the existing system.
We spent 100s of hours consulting with activists, academics, gov employees, industry experts, and most important β regular people.
We needed to know the EXACT pain points.
11/ We took those points and looked at how other cities solved them. We even spoke to some of the designers of these solutions. They didn't just take our call, they wanted to help.
Everyone wants to see each other thrive, we just forget it sometimes.
12/ Our solutions are based on unprecedented collaboration.
My goal isn't to become mayor. It's to get people working together to solve our problems.
When I say it, I mean it. This is bigger than me and I'm putting my money where my mouth is.
13/ We've been approaching City council candidates for commitments on our platform. We incorporated their feedback and are excited to endorse them soon.
We're not done. If you're a council candidate and our solutions sound like they'll improve your community, get in touch.
14/ We're not stopping there. We also approached mayors and candidates in other cities. Like I said, unprecedented collaboration.
We don't want to just solve Toronto's problems. We want to make sure they don't happen again.
Not just here, but anywhere.
15/ That's why we're adopting a radically transparent plan & want to share resources.
Why do cities solve the same problems repeatedly instead of learning from each other? #letsfixit
If you're running for mayor in any Ontario city, get in touch. We'd love to work together.
16/ over the next few weeks, we'll be rolling out more of our platform & updating it as we get feedback.
We just need one more team member to collaborate with β you. We need you to convince your friends and family to vote.
π¨π¦'s gov: We're going to embark on the most aggressive population expansion ever.
π¨π¦: HELL YES!
*healthcare fails, housing fails, over 1 in 5 recent immigrants want to leave*
π¨π¦: Wait, you didn't plan it? You spend the year just calculating 1%?
π¨π¦'s gov: Provincial issues.
btw that wasn't anti-immigration.
π¨π¦ is exploiting immigrants & branding it as a progressive value. We sell them on π¨π¦'s historic reputation and provide none of the stuff we used to.
The gov sees taxes & people that do jobs we won't.
I'll do comms for free. Not even Karl Marx could insight the kind of dislike of central banks that you're inflicting on yourself. It's super hard to watch. lol.
Can we just quickly discuss how π¨π¦ gamed the CPI inflation numbers?
<thread> π§΅π
2/ Meaningful change is measured over time, not over small periods. For example, the census is taken every 5 years because year-to-year wouldn't make sense.
Most government analysis is done over 10-years to make sure it's a stable measurement.
Not how CPI is measured.
3/ The CPI basket assigns weights to goods & services as a share of their budget. For example, the average person spends 4% of their income on alcohol and cannabis according to the gov estimate.
The influence of that price then represents a share of your inflation.
Who wants a quick lesson on monetary policy and housing? πββοΈ
When 2020 hit, from Vancouver to Auckland there was suddenly a shortage of everything.
Most people don't understand this is an INTENDED consequence of monetary policy.
<thread> π§΅π
2/ Everyone knows low rates contribute to higher home prices. Most also know that high demand and low supply means higher prices right?
Unfortunately, most don't understand these are relative concepts. They also don't fully appreciate how low rates work. Let's change that.
3/ Central banks lower rates to incentivize borrowing and create demand. They do this to create the non-productive price increase known as inflation. How does it work?
Easy, when credit is cheap it becomes an incentive to borrow. This impacts two cohorts of buyers.
People always say the vacant home issue is a myth, because "everyone would rather collect rent!"
Not true. Central banks & governments distorted markets so much, it's worse to have tenants.
Here's what investment firms think. You'll be outraged in a few tweets.
<thread> π§΅π
2/ Capital is so cheap & plentiful, appreciation ripped higher. Countries like π¨π¦ & the πΊπΈ have access to capital cheaper than the rate of inflation.
Now you might not have access to that capital, but hedgefunds and institutions do. Heck, it's sometimes from your pension & bank
3/ That's important for understanding there's no rush for these companies. But why not collect rent in the meantime?
To understand this you need to understand how rental real estate is valued. There's two popular ways:
- the income approach
- gross rent multiplier