Ron Butler Profile picture
Apr 28 6 tweets 2 min read Read on X
Prime Minister Carney Operates A Government For The Elites: It's Becoming Obvious Now

It's just out there now, it's become clearer

The 80% of Canadians who ARE NOT in the top income or top wealth brackets are being left behind

This is a Government for top tier Canadians

2/
People can say: Oh No, look at the Essentials Benefit to help lower income people hurt by inflation. Look at the reduced taxes for lower income people

None of that really helps Working Poor or Middle Class Families because Inflation still runs HOT & is about to get hotter

3/
And Wages in Canada have been suppressed for a decade

No one argues about Wage Stagnation anymore it's just accepted fact

There 2 things Middle Class Canadians need:

- Lower Taxes
- Higher Paying Jobs

And despite some bandaid policies those 2 things ain't happening

4/
And if you're a young person who ever wants to own your own home you were born in the wrong country

But if you're in the Top 10% or 15% or better yet the Top 2% Government is here for you

Only the rich will see direct benefits from the Sovereign Wealth/Debt Fund

5/
Firstly a handful of people will become the highly paid Management of the fund

I am sure their will be Consultants along the way

No ordinary person will EVER participate in the Fund

Here's maybe the WORST news

Government keeps GROWING not shrinking as promised

6/
With New Crown Corporations & Agencies

- Build Canada Homes
- Defense Procurement
- Major Projects Office
- Sovereign Wealth Fund

Stuffed with Executives & Managers

And enrich Chosen Suppliers & Consultants

Middle Class people left to wonder if they will need the Food Bank

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ron Butler

Ron Butler Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ronmortgageguy

Apr 17
Peak Fuckery: Parents Who Took Out HELOCS & Mortgages To Provide Down Payments For Kids To Buy Homes In 2021 Now In Power Of Sale

Sounds crazy right? And it's not thousands of parents but it is happening right now in Ontario to some Seniors

It's tragedy & it's not fixable

2/
Think back to 2021: Real Estate was going crazy

Many RE Agents actually suggested if people didn't buy homes at sky high prices that they would be shut out of ever owning a home

Many Realtors suggested 10% or higher price increases FOREVER

Because Immigration, Blah Blah

3/
During this time of peak FOMO (Fear Of Missing Out) some parents of adult children believed the hype

After all, the parents own homes had increased in value astronomically in 20 years

They wanted their kids to have the same benefits

A few parents didn't have cash to give

4/
Read 6 tweets
Apr 10
Canadian Rents Have Gone Down 18 STRAIGHT MONTHS & More New Construction Rental Supply Is Coming Than Ever Before In History

Yeah, Mom & Pop Landlords who bought units in the last 6 years knew things were bad

But in some Canadian cities we're headed for Landlord HELL

2/
Not even kidding

If you bought a Pre-Con Condo in 2020 - 2022 in Toronto or Vancouver you were already in big trouble on Price

You paid way too much

But if you managed to close you were faced with big Negative Cash Flow

Which is bad: but it's going to get WORSE

3/
It's a Perfect Storm of Landlord destruction in some big Canadian Metro Areas

- Every Year Expenses RISE: Condo / Strata Maintenance Fees & Property Tax increase every year

- With CMHC support there has NEVER been as many new Multi-family Purpose Built Rentals coming

4/
Read 6 tweets
Apr 9
Conservatives Members Of Parliament Crossing The Floor To Become Liberals: Those MPs Were BOUGHT

I don't think we can end Floor Crossings because it's just too hard, it's almost a Constitutional change

But look at WHY people elected to represent one party switch parties

2/
It's because they're BRIBED to do it

Not bribed with money, bribed with Perks, bribed with quiet promises of future higher paying positions in Parliament, bribed with assurance of Party Support in the next election, bribed with Polling numbers that favor the Liberals

3/
And the reason these very small time bribes work is twofold

1) Loyalty to a Party is dying in Canadian politics
2) Some Back Bench MPs are pretty small, shitty people, total opportunitists

Real Party loyalty started dying in the 90's

Too many people became transactional

4/
Read 6 tweets
Mar 31
How Bad Is It That Canada's Economy Is Completely Dependent On Tax Policy?

Canada has gone down such a wrong road

Yesterday an announcement changing a Tax Policy was done to save the Residential Construction Industry

From a Tax Policy that killed the Construction Industry

2/
Which is fucking nuts!

We taxed the Housing Industry literally to DEATH: taxes, fees & levies were 30% of the price of a new home compared with 2% 30 years ago

Then the Government announces a TEMPORARY waiver of the taxes

1 Year for HST
3 Years for 50% off Development Fees

3/
And the Residential Construction Industry comes out of a Coma

But lets stop & realize just how incredibly BAD the whole thing really is

Tax Policy now rules Industry

In Manitoba Taxes were removed from Fast Food sold in Grocery Stores but remains on Restaurant Food

4/
Read 5 tweets
Mar 9
Oil Breaks Through $100 A Barrel & Mortgage Rates Go Up As 5 - Yr Canada Bond Yields Jump 9% In A Week

What to do if you are in the middle of purchasing a home or have a Mortgage Renewal in the next 3 months?

LOCK IN A RATE NOW!

There are a few low rates still around today

2/
But likely gone tomorrow or the next day

I have covered this story before

Oil price up = Inflation up = Canada Bond Yields up = Mortgage Rates up

But what about Variable, which has nothing to do with Bond Yields?

Variable is a Bank of Canada decision

What will BoC do?

3/
Nothing for now: NO CHANGE at the next BoC Announcement on March 18th

But what about the future?

It's 100% up to how long the War in the Middle East lasts

If it's over next week all good at BoC

If the War is still raging in June: Look Out

Rate Hikes be coming

4/
Read 6 tweets
Mar 3
The Trickery Never Ends In Real Estate Sales: Let's List The House The House For $250K Less Than We Will Take

For the last 20 years Residential Real Estate has used some of the worst Sales Tactics

Not every Realtor does this but too many do it endlessly

Fake list prices

2/
For a hundred years Real Estate was sold by offering a house at slightly above the price you wanted & some back & forth negotiations happened & the Buyer & Seller arrived at an acceptable sale price

When GTA house prices went nuts in the early 2000's this concept died

3/
Instead houses were priced to attract an Auction

Multiple BIDS was the only way to sell a home

Real Estate Agents boasted about 10 bids, 20 bids 40 bids

At higher prices

In 2021 things were so crazy there was a BULLY offer

Before all offers were in a HUGE offer appeared

4/
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(