Today’s millennials who are young and prosperous are forced to spend half their working lives saving barely enough―if anything at all, for a reasonable down payment on their first home at a time when they are starting a family―an injustice of the first order.
There are two sources of the crisis, namely speculation and the way in which home purchases are financed.
Our present legislation fails to take into account that incomes vary throughout the life of the mortgage leaving occupants vulnerable to foreclosures and eviction. There is only one way to deal with the problem: payments must vary with income whether the banks or landlords like it or not―to wit, a floating mortgage or rent where payments are pegged to a fixed percentage of a buyer’s income over the life of the mortgage or lease.
Here’s how it could work:
The cost of a dwelling whether rented or purchased must always be pegged by law to a fixed percentage of a dweller’s current income irrespective of any positive or negative change in his income. In a word, a floating payment plan for a person’s residence. If a person’s income rises his payment would automatically rise with it or decrease should his income decline.
So how could we achieve this? We would begin with legislation that prohibits the use of a down payment of any kind whatsoever and apply the entire cost to a floating mortgage where the amount applied to the outstanding principle would be set at a fixed percentage of the buyer’s income. Interest charges would not be allowed to exceed applications to the principle which would float with the buyer’s income. Hence, any increase in the buyer’s income would shorten the life of the mortgage while income reduction or interruption would lengthen the life of the mortgage.
Such an arrangement will easily put the dream of home ownership within the reach of even the poorest of the poor and eliminate the threat of homelessness flowing from the unforeseen such as job loss or illness.
Any politician who works the foregoing into his platform will undoubtedly be ushered into public office in a political landslide.
All that is required on the part of governments is political will.
I often call this the HELSINKI FORMULA on the housing crisis where homelessness is literally unknown due to it’s HOUSING FIRST policy on coping with poverty.
We want to hear your opinions about taxi stands in downtown Calgary.
On December 6, 2022, Vehicle for Hire hosted two Engagement Sessions with Taxi Drivers regarding Taxi Stands. We now would like to hear your feedback and ideas on taxi stand locations through a survey.
This survey will be open to until midnight on January 8, 2023.
I have had many years of experience cab driving and as a result, am no stranger to contagions in my taxi. I can’t even begin count the number of people I have picked up who were ill with what is usually a common cold or flu.
Before flu vaccines, I was nearly always sick with the same illness within two or three days. It meant lost time from work.
To reduce the likelihood of becoming ill, I developed a number of tricks over the years that proved their worth and saved me one hell of a lot of down time due to illness.
Here are some of the tricks:
Once flu shots became available, I took them every year. It built resistance over time and reduced the severity of the common cold. So, get those flu shots.
1. Carry and use regularly hand lotion sanitizers throughout your shift. I always carried the pocket type in my pockets and used it frequently throughout the shift and take it with you when using a public washroom.
Given the current shortage of such products, you may have to improvise with Lysol or flushable wet wipes. You can even use your windshield washer fluid! Methyl hydrate (alcohol) or KleenFlo could be purchased from many gas stations or hardware stores too. Always spray such liquids from a spray bottle for cleaning yourself or the car.
A good soldier will always improvise when he has to—so improvise!
2. Wash your hands frequently with soap and water. No soap? Use liquid dish soap or liquid laundry soap will do.
3. The inside of the car will need a very quick interior cleaning right after clearing each and every trip. It is necessary even though time is precious:
• Spray the back seat and any other part of the car that customers may have touched such as door handles window openers and seat belts. Pay particular attention to the seat occupied by the passenger and the head rest in front of him.
• Roll all the windows down long enough once the car is moving to purge the interior air from any toxins or other unpleasant smells. In extreme cold, about five to ten minutes should be enough.
• Visit a carwash twice a day for an interior wash: once halfway through the shift and once at the end of the shift. Be sure the cross shift does the same. Expensive, unfortunately, with carwash fees and extra down time, but remember this is a national emergency like the outbreak of war.