Post by
CrazyTrader on Jun 29, 2023 10:36am
I FULLY expect the economy and quality of life to get much
worse. The systemic Greedy, Hateful, Hypocritical, Racist CRAZIES has pushed the economy over the edge, there's no stopping it now until it hits the bottom and everything is broken.
Taxes are going to go through the roof. YOU know it HAS TO. Everything cost more. City is like any other buisness, if cost go up, then you have to raise your prices (Taxes in case of a City).
So, for BPY, not only is interest expense going to rocket up, I'm guessing also taxes.
But we are all in the same boat. Why the market/media singled out office properties stinks of manipulation. High interest rates and taxes affect ANY business/sector/person that holds a lot of Debt.... and that just about everyone.
The new mayor of Toronto has an almost impossible job, 1.8 Billion deficit... and cost are still increasing. Watching the election news on TV, you can tell, Toronto is getting so bad, the stink in the streets, gun violence, attacks...etc etc getting so bad that I'm guessing even some of the Crazy Racist can't stand the status Quote any more and voted for the new Mayor.
The Crazy Racist and media is going to blame her for the increase in taxes, and frieght train of problems still to come. It was disgusting watching the media and the Racist Crazies attacking Olivia Chow......Racisim right there in your face, but for most they don't see it, it's normal, that's what you call systemic racisim.
Chow took a question in Chinese, and responded in same in Chinese. OHHHH BOY, the Racist Crazies and media SHOCKED and upset. They want to hear the answer in English. What's the point, Racist Crazies aren't going to listen to here even if in English. If they did, then they would have heard that she ALREADY ANSWERED IN ENGLISH, She told EVERYONE that the question just asked in Chinese was just a question that was asked in English that she already answered in English, so she was now going to basically repeat in Chinese.
Notice many of the media and Crazies purposely cut that part out of the video. Go watch the full video on CPAC... or maybe the full uncut, uneditted video on youtube.
Through out the election, everyone attacked chow on taxes..... You know dam well taxes needs to go up, will go up, no matter who gets in.
BPY needs to stick to it's guns and raise rents and sell non-core properties at good prices, more than purchase price..... because costs are only going to go higher.
Trudeau and Doug what Toronto to cut waste before they help..... Meanwhile they giving away BILLIONS here and there, for a battery plant. And millions more to constantly advertize some rediculous Ontario going Electric ad.... with everyone's hair sticking up. Constant ad being played.
Just CRAZY Hypocritically SICK.
But what can you do.... there's no where to hide, go to make the best of it, BPO Preferreds seems like just as good as a place to park some cash.
Anyways
All just my opinion/view/thinking/hoping I don't get ripped, hoping BPO's crazy dividend/yield help offset all the other crazy.
Comment by
pierrelebel on Jun 29, 2023 3:25pm
Please READ what is written "good folks of Napanee (and all other small towns in the province and in Canada) subsidize the citizens of Toronto"