๐Ÿ‡จ๐Ÿ‡ฆโ€™s โ€œmajor housingโ€ announcement was $500 to pay your rent?

Thatโ€™s just 2 months of the *increase* some tenants were hit.

โ€ฆ so really the announcement is that the landlords in government are getting $500 for each tenant. Score! ๐Ÿ˜ฌ๐Ÿ˜‚

#cdnpoli #VanRe
2. Also only applies to a person that makes less than minimum wage (less than $20k/year), or families that make less than $30k.

With the average rent of $2k for a 2 bedroom, those families would have $8k left after paying rentโ€ฆ

Wow. The gov is more delusional than I thought.
3. Honestly, the part that bothers me most here is theyโ€™re still pursuing Toronto community housing tenants that claimed a rental tax benefit that wasnโ€™t clear they couldnโ€™t collect.

How were they supposed to know the city negotiated to take the money?
4. Ironic for ๐Ÿ‡จ๐Ÿ‡ฆโ€™s housing minister announcement to link to nothing. ๐Ÿ˜‚

Iโ€™m guessing it wasnโ€™t about helping renters that typically donโ€™t vote, but convincing boomer homeowners that theyโ€™re โ€œhelping.โ€

โ€ข โ€ข โ€ข

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More from @StephenPunwasi

Dec 14
Even if central banks didn't raise interest rates, a recession is coming.

People understand what real GDP means, but they often don't make the connection. Let's do that quickly.

<thread> ๐Ÿงต๐Ÿ‘‡
2. Real GDP means it's inflation-adjusted. Let's say GDP rises 10 points and inflation is 5 points, you have 5 points of real growth.

Super straightforward, right? Look at you, you're already more knowledgeable than most policymakers. Let's put a pin in GDP & talk about wages.
3. Let's assume everyone is the same. We spend all of our money, get a 2 point wage increase, and face an 8 point inflation rate.

That means we need to cut 6 points of our spending, typically cut from discretionary areas like Disney+ or Netflix.
Read 5 tweets
Dec 8
Quick, while the normies are sleeping.

Letโ€™s talk about the string of uber rich people that have suddenly committed suicide or died under odd circumstances.

<thread> ๐Ÿงต๐Ÿ‘‡
2. Alexander Tyulyakov, 61, former head of Russiaโ€™s Gazprom corporate security.

Witnesses say he had signs of being beaten the night before Ukraine was invaded. The day of the invasion he โ€œhung himself.โ€

By itself, not that weird. But, itโ€™s a little weirder than thatโ€ฆ
3. A few days later another Russian oil exec named Mikhail Watford, 66, committed suicide. I think it was three days later, in ๐Ÿ‡ฌ๐Ÿ‡ง

๐Ÿ‡ฌ๐Ÿ‡ง said his death was unexplained, but not suspicious. Also left a suicide note, because all 8 Russian energy execs wonโ€™t leave you hanging.
Read 12 tweets
Dec 8
Most Toronto street fight ever

โœ… random construction materials

โœ… Kensington market

โœ… Shoppers Drug Mart employee

โœ… Random road pylons for no apparent reason

Just missing a raccoon and a 400 sqft condo with combination kitchen-bathroom.

Pro tip: if you challenge someone who picks up a super long stick and starts holding it like an odachi, you just picked the wrong person to duel.
โ€ฆ and if you donโ€™t know what an odachi is, you should take some fencing or kendo classes before picking duels. ๐Ÿ˜ฌ๐Ÿ˜‚
Read 4 tweets
Dec 8
Itโ€™s funny how many people in the West go to Tokyo for vacation, and then think their city needs to be like it.

Tokyo is an example of a real estate bubble that resulted in the systemic failure of a country.

Literally two generations were screwed & canโ€™t imagine having kids.
2. Japan is a very lovely place & an incredible culture.

Their government is an example of manipulated data to the point no one understands why things donโ€™t work, they just donโ€™t.

They, much like Canada, has a reputation for being squeaky clean because how they โ€œcollectโ€ data.
3. A ridiculously understudied area is hikikomori, a form of social withdrawal experienced primarily by young adults.

Virtually unseen pre-ZIRP/pre-bubble, 1.1 million Japanese no longer see the point in trying, so they just don't leave the house.

journals.sagepub.com/doi/abs/10.111โ€ฆ
Read 4 tweets
Dec 5
If you think inflation is due to record profits, here's what you don't understand.

<thread> ๐Ÿงต๐Ÿ‘‡
2. Goods need to be priced at the replacement value.

Let's say I buy wheat for bread at a future contract, and then wheat surges 200% in price.

My input cost is low, but where do I get 200% more money to buy my replacement inventory?
3. I have two options:

a) I don't buy more inventory, limiting production, leading to less product, meaning lower future revenues and fewer employees.

b) I price the increase now & then have enough to secure future contracts.

B leads to *temporary* profits, future losses.
Read 11 tweets
Nov 23
Quick lesson on average prices that every investor should understand.

It doesnโ€™t matter if itโ€™s a house, car, stock, or roll of steel. Traders & quants will view it very differently from the average person.

<thread> ๐Ÿงต๐Ÿ‘‡
2. One of my favorite car accounts posted that a 2021 model of an exotic car dropped 30% in value.

You think itโ€™s shocking. It might be, it might not.

Thereโ€™s a lot of questions when youโ€™re trying to assess what that means though, especially if youโ€™re putting money down.
2. The model is a 2021 Mercedes G Wagon.

Basic facts:
- the stat shows itโ€™s an 30% drop ($80k) drop from 12 months ago
- base model US$160k
- fully loaded $280k

Now a 30% drop is shocking, as per the data. Howeverโ€ฆ
Read 7 tweets

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