Eric Lombardi @EricDLombardi
A thoughtful guy in fintech. Champion of progress. YIMBY @moreneighbours Toronto 🏳️🌈🇨🇦🌐🏗🏙 Toronto, Ontario Joined November 2012-
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@joekraljevic @EricDLombardi If they bought 30 years ago, then they bought it expecting the inclusion rate to be 75% on the full amount of any capital gains when they sold.
I don’t even support the capital gains changes but people on this site are trying to convince people that having 250K+ in gains on a second property (cottage) is just normal middle class stuff? Just wondering what reality these folks live in.
Owning multiple properties is not a middle class thing, by the way. The main issue in applying capital gains after 250K is that it was also not applied to homes. The secondary issue is that they did not do an inflation adjustment, which I would agree with.
Owning multiple properties is not a middle class thing, by the way. The main issue in applying capital gains after 250K is that it was also not applied to homes. The secondary issue is that they did not do an inflation adjustment, which I would agree with.
If a provincial government was so inclined to cut down on planning regulations an easy peasy way to do that would be to limit municipalities to about 12 to 16 zones max and only 3 zones for any specific use. E.g. 3 residential zones, 3 mixed-use zones, 3 commercial zones, and so…
How long will it take this driver to read the sign? ⏳ If a road requires written instructions, then it's already failed. King Street in Toronto doesn't have a sign problem, it has a design problem. #UrbanPlanning
If You Hate Density, Maybe Don’t Live in A City: youtu.be/LQCvIRfRgX0
I’ve been thinking about how maybe some Texas ideas could be adopted since I saw this @EconomicsEx video youtu.be/E8AI206QlN0?si…
I’ve been thinking about how maybe some Texas ideas could be adopted since I saw this @EconomicsEx video youtu.be/E8AI206QlN0?si…
@EricDLombardi Said this in response to a similar tweet: The best thing about Texas is they allow shit to get built - housing, energy, infrastructure, in varieties to your liking and not to your liking, for all values of "you."
Sad point from an urban planner: From 2010 - 2020 the Ontario planning act has doubled in size. So has the approval time to 32 months on avg. In that period Toronto has decreased to the slowest approval times in the Canada & 36th out of 38 developed nations We need change
@marymargaretbey Your reminder that @PaulCalandra and the Ontario PCs could amend and approve the Bathurst (and other) MTSAs that have been sitting on his desk since January 2022. That would allow this building to be built today for $0 cost to taxpayers. x.com/scottaaitchiso…
@marymargaretbey Your reminder that @PaulCalandra and the Ontario PCs could amend and approve the Bathurst (and other) MTSAs that have been sitting on his desk since January 2022. That would allow this building to be built today for $0 cost to taxpayers. x.com/scottaaitchiso…
The evidence is mounting that we have a serious issue of distractions, cyberbullying, & the erosion of social-emotional & communication skills due to cell phones in schools. Youth vape rates in Canada are among the highest in the world. The time for action is NOW.…
Alex Bozikovic @alexbozikovic
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@joekraljevic @EricDLombardi If they bought 30 years ago, then they bought it expecting the inclusion rate to be 75% on the full amount of any capital gains when they sold.
@EricDLombardi We need to get back to being a country where you can own multiple properties and not be rich, because we build to abundance. The real problem is we’re getting poorer as a whole and whatever middle class is left is shrinking.
@EricDLombardi They used to be able to. I agree with the general premise that anyone with multiple properties in canada is far wealthier than average… but a lot of people bought 30ish year ago and only have a modest salary as primary income. They don’t see themselves as “rich”.
@SteveSaretsky Nobody is taking away his wealth. He simply needs to pay some taxes. On gains. It's not Christmas every day.
Strange — you’d think if Canadian grocery chains were charging such high prices and earning such fat margins they’d be champing at the bit…
Canada’s “extremely mature” grocery market leads some foreign players to pass on entry - The Wall Street Journal stocks.apple.com/ArHzx5cxwTbyKu…
I see @MarkJCarney going on TV, saying sensible things about middle class prosperity, housing, and climate. Are we sure he isn’t vying for *my* job?
Perfect example of "progress is real and absolutely worth celebrating, while we need to keep working because there's still a long way to go" ourworldindata.org/children-saved…
The former Irish PM gets homophobic abuse by this passerby. That in particular is a horrible word, I’ve been called it before, and it shows you how hateful our politics is becoming. I hope it’s condemned across the board and we address this stuff before something awful happens.
Leo Varadkar smirks as he is called a traitor. #IrelandBelongsToTheIrish
Got yelled at by Sue-Ann Levy and got the Matlow Mallow nod. Best weekend ever.
The sheer scale of redevelopment projects in London is hard to wrap your head around. This is the beautiful 42-acre Battersea Power Station redevelopment. At approx. $15 billion(!), it’s the equivalent of about 100 Hamilton waterfront redevelopments!
@anotherglassbox @JoshMatlow EAT THE MARSHMALLOW EAT THE MARSHMALLOW YOU CAN DO IT AAAAAAAHHHHH
DO YOU SEE WHAT WOULD HAPPEN IF YOU WOULD JUST ACCEPT MY MARSHMALLOW CHALLENGE, @JoshMatlow???
New York is the best city man a whole crowd showed up to watch a guy eat a full container of cheese balls at 3 PM 😭
The day will come.
DO YOU SEE WHAT WOULD HAPPEN IF YOU WOULD JUST ACCEPT MY MARSHMALLOW CHALLENGE, @JoshMatlow???
@ChrisSpoke Its weird to me that the province doesn't throw some serious coin at this issue. 100 million dollar investment, which is probably too much money, poured into zoning reform would produce countless billions in GDP through boosted productivity, expansion of housing construction,…
If a provincial government was so inclined to cut down on planning regulations an easy peasy way to do that would be to limit municipalities to about 12 to 16 zones max and only 3 zones for any specific use. E.g. 3 residential zones, 3 mixed-use zones, 3 commercial zones, and so…
While I generally agree that Planning in Ontario is probably too complicated in some regards, here is a 🧵on why the Planning Act becoming longer isn't necessarily a bad thing in every case. 🚨⚠️This is going to go down the rabbit hole on planning policy in a very technical…
Sad point from an urban planner: From 2010 - 2020 the Ontario planning act has doubled in size. So has the approval time to 32 months on avg. In that period Toronto has decreased to the slowest approval times in the Canada & 36th out of 38 developed nations We need change
Coming soon: I have views… theglobeandmail.com/opinion/editor…
@EricDLombardi People need to stop averting their eyes from Texas’ excellent economic policies just because they disagree with other laws the state imposes.