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Opinion

Red Deer’s 2% house depreciation hurts the most, the ones we need the most.

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3 minute read

We welcome your opinions.. Here’s one from Red Deer resident Garfield Marks.

Red Deer has a severe supply management issue when it comes to housing. In 4 years our population grew by 195 residents while we added 1299 new homes. House values decreased last year by 2%. Making it undesirable to young families to put down permanent roots in Red Deer.

Why it may be better to just rent in the short term.

The prices of real estate has declined in the last year by 2 %.

So what, you may ask.

Let us look at last yearā€™s first home buyer.

Buys a $300,000 house. Puts 5% down ($15,000) and takes out a mortgage. Pays legal and moving fees for about $1,000 which would be a bargain. $16,000 out of pocket to start.

5% down means a $285,000 mortgage which means mortgage insurance which if added to the principal means a real mortgage of $296,400 to start.

Taxes for the year on property will be about $2,600.

If the mortgage was at 2.94% that would mean a monthly payment of about $1,394 or $16,728 for the year.

Let us say the needs no maintenance but one could expect maintenance of at least $1,000 but in this example we will negate maintenance.

House insurance would be about a $1,000.

During the year the home buyer spent $16,000 buying the house, $16,728 on mortgage payments and $2,600 on property taxes, $1,000 on insurance for a total of $36,328.

Today the house sells for 2% less or $294,000, then minus $12,411 real estate fees and GST, down to $281,589, then minus $1,000 legal fees to $280,589, then minus mortgage payout of about$290,000 to a net loss of about $10,000 in proceeds to the owner.

So that $300,000 home cost the owner $46,000 to live in the home for 1 year. He could have rented it for $20,000 so in this case it would make more sense to rent.

So to many people losing 2% value in their home is a big deal.

Perhaps we could slow down the building of new homes to let the market catch up, because now it leaves the most vulnerable home buyer at risk, and those are the first time buyers, the young families and the residents most needed to create a growing community.

So far from encouraging the young upwardly mobile to move to Red Deer, we are scaring them away.

Perhaps our supply and demand equation is heavily weighted to the supply side, yet we keep investing in new subdivisions while devaluing our own homes.

Who wins? Developers, city hall tax collectors, builders but not the tax payers. The city definitely makes the case for big property managers and renting. Too bad.

 

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Crime

Reporter Exposes The Leftā€™s $20 Billion Climate Slush Fund

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From from undercover news report from Project Veritas

 

From theĀ Daily Caller News Foundation

By Michael Bastasch

The Environmental Protection Agency (EPA) ā€” yes, the agency thatā€™s supposed to make sure the air and water is clean ā€” has been caught red-handed in what, at least on the outside, looks like one of the most brazen and high-dollar left-wing political payouts of the century.

In what Trump EPAĀ describedĀ in a letter to the agency inspector generalā€™s office as ā€œan unprecedented arrangement,ā€ Biden-era bureaucrats used private Citibank bank accounts to squirrel away $20 billion in taxpayer funds ā€” thatā€™s right, billion with a ā€œbā€ ā€” much of which is earmarked for lefty ā€œpass-throughā€ organizations the agency itself determined ā€œlacked basic financial competency.ā€

This $20 billion was ostensibly meant for ā€œgreen banksā€ to finance all sorts of nice-sounding ā€œclimate justiceā€ and green energy projects ā€” but instead it steered billions upon billions to groups deeply tied into the Democratic Party machinery.

For instance, the current and former chairmen of one of the pass-throughs, called the Coalition for Green Capital (CGC), are both Democratic PartyĀ donors, each cutting sizable checks to Kamala Harrisā€™ ill-fated 2024 run. CGC was on track to get $5 billion from Bidenā€™s EPA.

In another case, a left-wing consortium tied to Stacey Abramsā€™s voter mobilization group wasĀ awardedĀ $2 billion. In its letter to the IG, Trumpā€™s EPA noted the former administration itself determined these groups ā€œlacked basic financial competency,ā€ but earmarked the cash anyway.

So, here we have billions in taxpayer funds being directed to Democratic insiders and donorsĀ ā€” paging DOGE! No wonder bureaucrats shoveled this money into a seemingly untouchable Citibank account in the waning days of the Biden administration.

One former Biden EPA official was reportedlyĀ caught on tapeĀ gleefully comparing it to ā€œtossing gold bars off the Titanic.ā€

Taken together, this looks like the left-wing political payout of the century. Rarely is rank political patronage so nakedly on display.

The U.S. Justice Department (DOJ) and FBI areĀ currently askingĀ tough questions of career EPA officials about these ā€œgold bars,ā€ but itā€™s unclear if the Trump EPA will be able to claw back any of the funds.

Accountability ā€” after four years of virtually none of it ā€” would not only be a victory for taxpayers, but also for good journalism.

Itā€™s important to remember weā€™re only talking about this Biden EPA scandal because of the tireless efforts of one journalist. Long before the EPA inspector general, DOJ, the FBI, or even the Department of Government Efficiency, were alerted to this political payout, a reporter named Nick Pope was on the case.

Back in November 2023, when the Biden EPA announced it was handing out billions to so-called ā€œgreen banksā€ in the name of ā€œclimate justiceā€ and other high causes, Pope thought this might be the perfect cover for the Democratic Party to enrich itself at taxpayer expense.

No slouch, Pope dug in, and soon he saw smoke. Huge, billowing clouds of smoke. HisĀ first piece, published that same month, laid out in detail how the ā€œgreen banksā€ on the shortlist for Biden EPA funding ā€œall feature numerous individuals on their boards who work for influential organizations aligned with the Democratic Party or previously worked for Democratic administrations.ā€

But this was no one-off. Pope followed up when the EPAĀ announcedĀ it was handing billions to the very groups he had just exposed as essentially being Democratic Party pass-throughs.

Government watchdog groups were put on alert. Congress eventually got involved,Ā demandingĀ answers from the Biden EPA about how something like this could even happen. Popeā€™s colleague Adam Pack left his own mark,Ā first reportingĀ about the billions going to the liberal consortium affiliated with Abramsā€™ get-out-the-vote efforts.

Even after the FBI got involved, Pope didnā€™t rest,Ā pushing outĀ yet another hard-hitting investigation exposing how heads of the groups slated to get billions in Biden bucks ā€œcollectively made hundreds of thousands of dollars in personal political donations to Democratic candidates and organizations in recent years.ā€

If Trump is actually able to claw back these ā€œgold bars,ā€ make sure to thank Nick Pope. Heck, even if we donā€™t get the money back, thank him anyway. Good journalism should be rewarded even if the ultimate outcome isnā€™t exactly what we wanted.

Besides, they donā€™t give out Pulitzers for exposing Democratic corruption, now do they?

While trust in media plummets, and the legacy press continues its liberal bootlicking, itā€™s even more important we support good journalists, like Pope and the rest of the Daily Caller News Foundation team, who are unafraid to report the truth and hold the powerful accountable.

Mike Bastasch is editor-in-chief of the Daily Caller News Foundation.

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International

Commerce Secretary on Oval Office debacle: Zelensky flies to Washington to sign deal then scuttles it

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From LifeSiteNews

By Conservative Treehouse

U.S. Commerce Secretary Howard Lutnick gave a brutally honest take on the clash between President Donald Trump and Ukrainian President Volodymyr Zelensky in the Oval Office this past Friday, calling him a ‘troublemaker,’ not a ‘peacemaker.’

Weā€™ve watched a lot of different takes on the explosive Friday oval office meeting between Volodymyr Zelensky and President Trump, however this explanation from Commerce Secretary Howard Lutnick is exceptional.

Secretary Lutnick explains what the administration team anticipated from Zelensky versus what took place. Knowing the context of the congressional team that met with Zelensky prior to the Oval Office meeting, the explanation from Lutnick takes on even more sunlight. This is a very brutally honest take from a great member of the Trump administration. Watch:

 

 

 

 

President Trumpā€™s repeated position that Zelensky is refusing to discuss peace because the U.S. is standing close with him, is exactly the reason President Trump is now going to create distance.

CUT HIM OFF ā€“ President Trump is going to force Ukraine to stand without U.S. support, only supported by the EU and U.K. Itā€™s essentially a peacekeeping standoff. President Trump wants peace, the Ukrainian people want peace, Zelensky and the EU/U.K. are willing to fight Russia to the last Ukrainian.

Itā€™s not about sending U.S. military goods into Ukraine, the Trump play can be twofold. (1) We stop paying for their government operations; and (2) potentially we turn off the U.S. satellite targeting systems that Ukraine is using. Then watch what happens.

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