Category Archives: Poverty

It’s Time for a National Housing Strategy

One of the big bads from the 1980s is starting to emerge again in Alberta. Jingle mail — the act of walking away from an underwater mortgage by mailing your keys back to the bank — is a peculiarity of the Alberta residential market and an act of desperation. However, a combination of high debt and lost jobs make it an option in a province going through a significant economic reckoning.

Source: Jingle mail rears its ugly head in Alberta again – Calgary – CBC News

In Vancouver, people are secretly salivating when our real estate market is in the stratosphere with London and Manhattan.

Secretly, because it makes people feel like they’re big on bashing the homeless and the affordability crisis if they’re too gleeful about how much [notional] equity they’re building.

But watch the ripples:

  1. Pockets of Alberta are at risk of upside-down mortgage default.
  2. Over-reliance on commodities create huge housing precarity.
  3. In Vancouver there is a net outflow of kids from k-12 because trying to raise a family is a death sentence for the dream of owning real estate in Vancouver
  4. Huge assessment increases in parts of BC make people want to cash out, but young families are increasingly not in a position to buy into homes in expensive areas.
  5. Watch for more school closure.
  6. Have you heard of the sub-prime crash of 2008 and the rampant moral hazards? Have you seen Margin Call or The Big Short?

These are just a few snippets of the kinds of housing crises facing Canada. And that’s without even going into the state of housing on reserves.

A national housing strategy would be like creating Medicare, or the CPP or student loans. A national plan for people to be secure in their housing.

There are capitalist pariahs who have long opposed all three of those national plans because it cuts into their potential profits in inelastic markets.

So too, housing.

As a society, we need to say enough!

Homes matter. Utah has cured homelessness by [get this!] building homes for homeless people. Medicine Hat is walking down that road and soon Kamloops will too.

Do YOU have anything against a national housing strategy?

Where to Put the Homeless?

Source: A groundbreaking study suggests giving homeless Canadians homes first saves money

So, giving homeless people homes saves money [and shhhh, it’s the RIGHT thing to do!]…who knew!

Utah, that’s who. They’ve been at it for a while now.

It’s a report that could change the way that homeless people are treated in Canada. Funded by the federal government, “At Home/Chez Soi” is the largest study of its kind, with five years of research conducted in five major cities. It’s estimated that more than 150,000 people are homeless across the country, costing Canadians $1.4 billion each year.

The report suggests putting homeless people in housing, even before they have dealt with other problems such as mental illness and addiction, works to improve their lives. And it saves money.

11 Weeks of Daily Harper Protests

The Harper Re-election Disaster Bus Totalitarianism: daily, for 11 weeks!

Get used to this.

People hate Harper and his Conservatives. We will see through his weak attempt to wedge oppositions parties by running a long election campaign because he has more money to spend.

Saturation will come fast.

We will remember how much contempt he holds for people and democracy.

We will listen to his 5 non-answers to 5 media questions each day and we will be constantly reminded of how much we can’t stand what he has done to Canada.

And we will see this. Every day: