The market has exactly zero rationality in it. The market doesn’t think or do anything. It’s simply economists anthropomorphising a thing that makes money for rich people.
girlfreddy
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Cake day: July 16th, 2023
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Far chance the feds would enact any laws like that against their rich besties.
Tesla warranties their batteries for eight years or 100,000 to 150,000 miles, depending on the model – and calculates that their vehicles get scrapped after approximately 200,000 miles of usage in the U.S. and roughly 150,000 miles in Europe.
It costs approx $20k to replace out of warranty batteries for a Tesla.
Your 20 yr mark is optimistic at best, especially in places like Canada where our weather ranges are currently -40C to +40C.
If 65% of rental properties are owned by the people living in them and 24% are owned by fucking corporations, that leaves 11% left for everyone else … including low income people who need to live somewhere.
I’m one of them. Had to move out of my apartment and now I live in a bedroom. At 62 I can’t work much anymore because of workplace injuries, have had 4 surgeries to fix what happened, and get $1200 per month to live on. Keep telling me how it can’t be fixed.
24% of Alberta’s rentals are owned by real estate investment trusts, indicating a move to the financialization of housing as an investment strategy. And it is causing problems.
Housing is a fundamental need, the same as food and water are. Gov’ts have allowed the privatization of these things to the detriment of human survival and it MUST stop … or only the rich will be alive.
Saying that 35% of housing is rental hides the fact of ownership.
I’d like to know why neither Trudeau or PP haven’t said they’d restrict how many housing units a single entity can own … because that’s a huge part of this issue.
Yes the gov’t can, if they implement rules limiting how many units/blocks any single entity can own.
There are ways to do this.
I’m speaking of apartment blocks that are rented, not condo units that are purchased.
Winnipeg, like Montreal, etc, has a ton of older apartment blocks (or 3 story walk-ups in Montreal) that need no rezoning or increased infrastructure. Purchasing a few of those in strategic areas would help to bring down rents.
There are a ton of options available, and since municipal/provincial gov’ts aren’t doing anything the feds need to step up to the plate.
The feds can legally purchase apartment blocks in any city and operate them as low income housing.
They can do something about it … the feds just don’t want to become landlords because it’s complicated.
Real leadership would recognize that leaving it up to provincial/municipal money-hungry airheads is just passing the buck.
Because the cost of replacing the batteries is more than the car is worth.
EVs are an environmental disaster because:
one, even a minor accident makes the vehicle unrepairable, because the battery packs can’t be tested to verify if they’ve been damaged
and
two, battery packs are worth up to 50% of an EVs’ price, so replacing them is cost-prohibitive, so EVs are written off after 8-10 yrs (because the batteries are old tech at that point and can cost upwards of $15k to replace).
The difference here being that a CBC instance wouldn’t have to follow dumb rules … they’d make up their own so the racists, multi-phobics, etc wouldn’t have much of a platform.
I grew up in Saskabush, have lived in Alberta (and BC & Ontario) and currently live in Manitoba.
You’re right on the money with your assessment.
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