Confirmed with Link: Senators are for sale - and it’s a Gong Show

[DueDiligence]

I hate the very concept of a billionaire and wish that the ones that exist spent most of their time just buying sports teams/music venues instead of lobbying to make the world harder for the average working class person.

So what have the many millionaires playing for the Senators done for the average working person other than to give them an escape from miserable every day life? In reality nothing but here you are.

 

[bicboi64]

So what have the many millionaires playing for the Senators done for the average working person other than to give them an escape from miserable every day life? In reality nothing but here you are.

That's not nothing by any means. Besides, pro athletes don't exactly have the same power as a billionaire.

I certainly see that. But I don't necessarily agree with it.

What I am saying is that many of the people that can't make ends meet are not willing to make the short term sacrifices to get ahead. If your son is making $60,000 a year and living with you he could be saving $20 K per year. Is he? I doubt he is. As for buying a house I just looked and saw over 30 houses for sale in the Ottawa market under $400 K. If your son had been "really" saving since he got out of school he might have $50-60 K in the bank. With that he could get a down payment. Have Dad cosign the loan if he doesn't qualify. Get 2-3 roommates to help pay the mortgage. It's certainly doable.
There's always a reason why we can't do something. Easier to blame Jeff Bezos than set some difficult goals and live up to them.

Are you being obtuse on purpose? The wealth inequality in Canada is increasing year by year and your solution to that is for everyone to buy groceries on sale? The same dollar in 2023 doesn't have the same purchasing power as a dollar 10 years ago, and its getting worse every year. Consider why that is instead of thinking every single person who isn't where they want to be financially isn't working hard enough.

 

[Ice-Tray]

So what have the many millionaires playing for the Senators done for the average working person other than to give them an escape from miserable every day life? In reality nothing but here you are.

I mean there is some community work no?

 

[DueDiligence]

I am not blaming Bezos, I am saying the system is wrong. Not talking about North America or Canada. The entire planet is messed up.

Imagine a family of four and then one parent gets sick. Can’t work. How many people have comfortable jobs with good benefits to survive that? You chose to be happy with how this whole thing works. I don’t. I think it sucks. It sucks that people can’t afford to go on a normal family vacation. Or put their kids into sports. And it’s getting worse because this whole system is being built just to make more money off of regular Joes. As I said, organic is a new gold. Make kids addicted to these social media apps so that you can make them pay to play with their friends, date new people etc. Again, I don’t hate the player, I hate the game in this case. And , to say it one more time, it’s looking worse and worse.

But we can disagree. It’s all good. After all this is a thread about someone spending $1B to purchase an NHL hockey team. Panem et circences. Bread and games. The crowd is happy.

Don't assume I am happy with things. The system is far from perfect but I personally have been involved with people who came from much more dire circumstances and rose up to a better life. I find that too many long standing Canadians have forgotten what it is to sacrifice and work hard. Our life is vastly different than most of the world. We have the benefit of living in a prosperous and safe environment when many don't. The "problems" we have would be laughed at in 90% of the countries in the world. "I can only afford basic cable." Oh no! "My android phone is 4 years old and I can't afford a new Iphone". Oh no! "I can only afford to take the family camping for a vacation instead of going to Disney". Oh no! "We wanted to go to the Keg for our anniversary but could only afford to go to Swiss Chalet!" Oh no! Wow, life is tough! Try explaining those problems to a family in North Korea or some orphans in the Ukraine.

 

[bicboi64]

Don't assume I am happy with things. The system is far from perfect but I personally have been involved with people who came from much more dire circumstances and rose up to a better life. I find that too many long standing Canadians have forgotten what it is to sacrifice and work hard. Our life is vastly different than most of the world. We have the benefit of living in a prosperous and safe environment when many don't. The "problems" we have would be laughed at in 90% of the countries in the world. "I can only afford basic cable." Oh no! "My android phone is 4 years old and I can't afford a new Iphone". Oh no! "I can only afford to take the family camping for a vacation instead of going to Disney". Oh no! "We wanted to go to the Keg for our anniversary but could only afford to go to Swiss Chalet!" Oh no! Wow, life is tough! Try explaining those problems to a family in North Korea or some orphans in the Ukraine.

I understand where you're coming from. My family migrated here form poverty and have built a life. They've been working 7 days a week every since I was born with the odd weekend off here and there until the pandemic started (two of their businesses closed).

Our problems can definitely seem minor in comparison to what's happening in other places, but it doesn't change the fact that what we have here is fundamentally flawed, it doens't make the exploitation happening insignificant

 

[DueDiligence]

That's not nothing by any means. Besides, pro athletes don't exactly have the same power as a billionaire.


Are you being obtuse on purpose? The wealth inequality in Canada is increasing year by year and your solution to that is for everyone to buy groceries on sale? The same dollar in 2023 doesn't have the same purchasing power as a dollar 10 years ago, and its getting worse every year. Consider why that is instead of thinking every single person who isn't where they want to be financially isn't working hard enough.

Sorry to say but you are incorrect. From a paper from the Bank of Canada in July 2022.
Data show that income inequality in Canada increased substantially during the 1980s and first half of the 1990s but has been relatively stable over the past 25 years, And

Wealth is also an important factor in understanding inequality across households. Unfortunately, time-series wealth data for Canada are limited. That said, we do know that over the last decade, net worth has increased among all income quintiles, with households in the lowest three income quintiles seeing the biggest increases over the last five years.

 

[SpezDispenser]

I hope Reynolds sided with a good group, because there's no way the nhl looks at this young ish superstar who wants in and says no.

 

[bicboi64]

Sorry to say but you are incorrect. From a paper from the Bank of Canada in July 2022.
Data show that income inequality in Canada increased substantially during the 1980s and first half of the 1990s but has been relatively stable over the past 25 years, And

Wealth is also an important factor in understanding inequality across households. Unfortunately, time-series wealth data for Canada are limited. That said, we do know that over the last decade, net worth has increased among all income quintiles, with households in the lowest three income quintiles seeing the biggest increases over the last five years.

Income increase does not equate to a higher standard of living. Our CPI shows that the cost of living has been rising every year and is a better measure than net income. Our CPI has been increasing every year for a long time in Canada, and particularly worse the last few years. Consumer price index portal

The Daily — Distributions of household economic accounts for wealth of Canadian households, second quarter 2022
A more recent source shows that those in lower economic percentiles are experiencing the negative consequences of a widening wealth gap, with younger families experiencing it the most.

 

[Gil Gunderson]

They’re parading Reynolds around way too much for him
not to be involved somehow.

 

[Samsquanch]

They’re parading Reynolds around way too much for him
not to be involved somehow.

I was stuck watching the Philly feed and he didn't get more than a quick mention at the start from what I saw.

Was there anything in particular that happened tonight? Or was it just a lot of camera time of his reactions on the TSN feed?

 

[Samsquanch]

I hope Reynolds sided with a good group, because there's no way the nhl looks at this young ish superstar who wants in and says no.

Agreed. The only doubt I have is that it's the NHL - and they are notoriously out of touch/detached from current pop culture. And they might not realize how big an opportunity this is for exposure - the kind of exposure that money can't buy.

Keep in mind that this is the same people that decided to keep the NHL out of the Olympics. So if anything, they've already shown a history of valuing today's payout over the future growth of the game.

But my god they can't be dumb enough to let this opportunity to slip away. I'm guessing they are putting on the best poker face they can to Reynolds group and the rest of the bidders while they try to squeeze the group they already chose for as much as possible.

 

[Sun God Nika]

They’re parading Reynolds around way too much for him
not to be involved somehow.

super celebrity presence in a small city not used to it. They absolutely milked it to boost the atmosphere at the game. Doesn't mean he is or isn't going to be the next owner.

 

[Ice-Tray]

He’s Canadian and has some ties to the city, along with everything else. It really does seem to be a perfect match.

Don’t f*** it up.

 

[Gil Gunderson]

super celebrity presence in a small city not used to it. They absolutely milked it to boost the atmosphere at the game. Doesn't mean he is or isn't going to be the next owner.

I agree, but the optics would be hilairious if he doesn’t end up buying the team at this point.

 

[Crosside]

I was stuck watching the Philly feed and he didn't get more than a quick mention at the start from what I saw.

Was there anything in particular that happened tonight? Or was it just a lot of camera time of his reactions on the TSN feed?

I was there one section beside him. All the first period he give selfie with everybody. All people around was just watching him over the game

The best part was when the two Deadpool came at the middle of the first. They show Ryan at the Jumbotron and he was crying of laugh

 

[Samsquanch]

I was there one section beside him. All the first period he give selfie with everybody. All people around was just watching him over the game

The best part was when the two Deadpool came at the middle of the first. They show Ryan at the Jumbotron and he was crying of laugh

Oh heart be still...

I hate getting my hopes up and I especially hate worshipping movie celebrities... but my god this whole damn situation makes me squeal with glee. This guy and his character just keep exceeding all of my expectations the more I get to know about him. He's a different breed of guy.

Forgive me all if this has been posted before. But I seriously had no idea that he got the governor generals award (or whatever it was too lazy to confirm haha), or that he was THAT f***ing charitable in Canada - ninja style, no major publicity, and truly from the heart.

Or that we made this incredibly touching video in return for him - this shit makes you proud to be Canadian. No excuses we have to have him in the fold.

 

[Tnuoc Alucard]

We're not that far off from going back to feudalism.



This is absolute bullshit lmao.

Okay, please elaborate…. What economic system, past present or future, do you think is better than Capitalism, that although imperfect, that historically has shown to benefit the overall population better than anything else tried before.

Crony Capitalism ?
Market Economy?
Communism?
Planned Economy?
Social Market Economy?
Socialism?
fascism?
Honour system?
State Capitalism?
Mixed Economy?
Barter?

 

[SPF6ty9]

So true. Most of the increase of my home's value has taken place in the last 5 years despite having purchased it in 2007. It's nice that it has gone up so much but I worry that my yet to be adult children would be able to own a home close to where I live unless it is a postage stamp sized condo.

Ya it's too bad that it's gotten so out of hand for those that need to buy or upsize in the future. I used to think I'd be able to afford a place similar to my parents' by about the age I'm at now, but that's like running uphill at this point. I can only imagine what it will be like for the next generation.

Seems like the 08 crisis kind of scared builders and it's been a long slow recovery and we're still a long way from catching up. Combine that with high population growth via immigration, loose money, and increased commoditization of housing and things just got crazy. Things like house flippers and Airbnb that have gotten popular are probably net negatives for society and house prices as well.

Hopefully fixing this supply / demand imbalance is of primary concern going forward for this country. I can't think of another issue affecting the whole population to the magnitude as that of the housing situation.

 

[Tnuoc Alucard]

I hate the very concept of a billionaire and wish that the ones that exist spent most of their time just buying sports teams/music venues instead of lobbying to make the world harder for the average working class person.

please give us an example, of a Billionaire making the world harder for the average working class person.

I’m sure there are some that are, and could name a few myself, but there are a number of billionaires anyone could point to that are doing things to improve the human condition on this planet…. and hopefully there are more of them than those you “hate”.

 

[DueDiligence]

Income increase does not equate to a higher standard of living. Our CPI shows that the cost of living has been rising every year and is a better measure than net income. Our CPI has been increasing every year for a long time in Canada, and particularly worse the last few years. Consumer price index portal

The Daily — Distributions of household economic accounts for wealth of Canadian households, second quarter 2022
A more recent source shows that those in lower economic percentiles are experiencing the negative consequences of a widening wealth gap, with younger families experiencing it the most.

I was responding to your specific comment on wealth inequality.

 

[Samboni]

It’s been reported that a condition of the sale is that the team must remain in Ottawa. I wonder if any of the bidders will try to insert a “weasel out” clause where if certain conditions arise (multi-year losses, Lebreton deal falling through, etc.) they can apply to relocate to another market.

 

[Tuna99]

They’re parading Reynolds around way too much for him
not to be involved somehow.

For his brand, I don’t think he’d come so publicly and fail to be the owner - RR is known for cooperation and inclusion and for his brand to lose so publicly leads me to believe he has a guarantee of being involved with the team to some degree.

 

[Senator Stanley]

I agree, but the optics would be hilairious if he doesn’t end up buying the team at this point.

If any fanbase can take the blow, it's this one.

 

[ColinM]

Ya it's too bad that it's gotten so out of hand for those that need to buy or upsize in the future. I used to think I'd be able to afford a place similar to my parents' by about the age I'm at now, but that's like running uphill at this point. I can only imagine what it will be like for the next generation.

Seems like the 08 crisis kind of scared builders and it's been a long slow recovery and we're still a long way from catching up. Combine that with high population growth via immigration, loose money, and increased commoditization of housing and things just got crazy. Things like house flippers and Airbnb that have gotten popular are probably net negatives for society and house prices as well.

Hopefully fixing this supply / demand imbalance is of primary concern going forward for this country. I can't think of another issue affecting the whole population to the magnitude as that of the housing situation.

There's a lot of truth to the supply issue. In the area of Halifax I live in several houses have been torn down to make room for 6 to 10 story condo buildings. So even as the supply of dwellings increases, the supply of homes with a backyard has decreased. Worse yet the supply of homes with a backyard is only increasing when you get away from Peninsular Halifax. I am sure similar things have happened in Ottawa.

While I get the "work hard and save" mindset one of the things that really put in me in a dark spot circa 2007 was the mindset I got from 50 somethings who wondered why I couldn't by a home in South End Halifax even though some of their friends were able to. It was as though they thought nothing hand changed from 1977 through 2007. Its precisely why I am weary of giving home purchase advise to people that are younger than me, unless that advise is "only buy if you plan on living somewhere long term".

 

[SpezDispenser]

Agreed. The only doubt I have is that it's the NHL - and they are notoriously out of touch/detached from current pop culture. And they might not realize how big an opportunity this is for exposure - the kind of exposure that money can't buy.

Keep in mind that this is the same people that decided to keep the NHL out of the Olympics. So if anything, they've already shown a history of valuing today's payout over the future growth of the game.

But my god they can't be dumb enough to let this opportunity to slip away. I'm guessing they are putting on the best poker face they can to Reynolds group and the rest of the bidders while they try to squeeze the group they already chose for as much as possible.

This time they know full well. This is a massive opportunity for both Ottawa and the NHL.

His group will win, it's all just a show from here until they announce it imo.