RioCan Real Estate Investment Trust T.REI.UN

ranting of short sellers

[canadian]

Isn't the government paying the rent until June? As expected the stupid and dumb politicians are locking down.

[thenewsnake]

90% of rent may not be enough for some businesses to keep things going.  Especially when they see poor sales for the forseable future.  Espeically gyms/yoga studios and restaurants , why stay open to break even or bleed cash? The reality 10-25% will close their doors permanently as a result of these NEVER-ENDING LOCKDOWNS

[CANCDN]

it's not just 90%, it's utilities and taxes paid, it's 75% wage subsidy for employees who do work. I was told by some guy on Twitter claiming to own a Swiss chalet that he is still making profit. dining room closed, automatically gets 90% rent. He is still doing 50% of sales volumne through takeout and delivery. His staff wages are being sibsidEd by 75%. Says it really hasn't

[canadian]

You are awesome. I too spoke to a restaurant owner today while picking up lunch. He is doing fine with almost 60% revenue and government support

[maplak]

Government support? There not such a thing  like government support.Government support equals to taxpayers support and on one sunny day somebody will have to pick up the tap.And since governments don't make any money just waste them it will be you!! Just wait for inflation to go up.Than party is over and everybody gets the bill .

[CANCDN]

are you actually re tarded? Like seriously a cork? 1 - I don't care if taxpayers need to pay back the money eventually. I am actually moving to the group of, debt really doesn't matter, when everyone else is also in debt. We keep printing money, yet our dollar keeps gaining on other currencies as they also keep printing money. So who gives a s hit. 2 - as a reit owner, Thier is

[maplak]

Ok Trudeau junior you are a typical " molson " Canadian hillbilly the same idiot lake Justin Trudeau and his father who almost brought Canada to bankruptcy. Government debt will balance itself

[CANCDN]

PSS, they actually do literally make money. They literally print money, add to the debt (because just printing money without adding it to debt would be currency manipulation) and then buy things with said money this adding it to the circulation and theoretically makes our dollar less valuable... but it hasnt.. because every other country has done the same thing.  

[maplak]

Why do you care what the other governments do.I don't look at the neighbors.I am running family with balance budget since I can't not print the money,but government retards don't have to.Every time they are short they print the money and tax middle class.

[canadian]

Because it always depends on what other governments are doing too. Our debt to gdp is among the lowest in the world.

[maplak]

Really?? Maybe before Covid yes , but definitely not now. Did you ever hear about negative interest rates?Is that what you want? To pay bank for "privilege " to keep money there just like in Germany or Switzerland? Of course negative interest would be great for government retards, banks would pay the government to borrow money while collecting fees from clients who would shelter their

[canadian]

I don't think we will see negative interest rates. But we might not have a choice if US moves towards it. Good for reits

[maplak]

True,but negative internet is not good for real estate prices.Lower mortgage higher price of the house because everything goes into land . If the average house is worth $ 1 million actual price for rebuild is maybe $ 400 000 the rest is bullshit inflated land. Thanks to low interest rate.If mortgages went to 8.5 % like in1993 house prices would go 40% down because majority of people wouldn't

[CANCDN]

that is also good as rental demand would be high.  

[CANCDN]

first off, I absolutely despise liberals. I had a very intelligent person who is also a card carrying conservative (my membership is in the garbage after the s hit Ford is pulling), but this person is the CFO of a multi billion dollar company. He explained to me about why he thinks conservatives at the federal level need to drop the constant debt talk. Municipal and Provicnil debt is bad