Opinion
Red Deer’s 2% house depreciation hurts the most, the ones we need the most.

We welcome your opinions.. Here’s one from Red Deer resident Garfield Marks.
Red Deer has a severe supply management issue when it comes to housing. In 4 years our population grew by 195 residents while we added 1299 new homes. House values decreased last year by 2%. Making it undesirable to young families to put down permanent roots in Red Deer.
Why it may be better to just rent in the short term.
The prices of real estate has declined in the last year by 2 %.
So what, you may ask.
Let us look at last yearās first home buyer.
Buys a $300,000 house. Puts 5% down ($15,000) and takes out a mortgage. Pays legal and moving fees for about $1,000 which would be a bargain. $16,000 out of pocket to start.
5% down means a $285,000 mortgage which means mortgage insurance which if added to the principal means a real mortgage of $296,400 to start.
Taxes for the year on property will be about $2,600.
If the mortgage was at 2.94% that would mean a monthly payment of about $1,394 or $16,728 for the year.
Let us say the needs no maintenance but one could expect maintenance of at least $1,000 but in this example we will negate maintenance.
House insurance would be about a $1,000.
During the year the home buyer spent $16,000 buying the house, $16,728 on mortgage payments and $2,600 on property taxes, $1,000 on insurance for a total of $36,328.
Today the house sells for 2% less or $294,000, then minus $12,411 real estate fees and GST, down to $281,589, then minus $1,000 legal fees to $280,589, then minus mortgage payout of about$290,000 to a net loss of about $10,000 in proceeds to the owner.
So that $300,000 home cost the owner $46,000 to live in the home for 1 year. He could have rented it for $20,000 so in this case it would make more sense to rent.
So to many people losing 2% value in their home is a big deal.
Perhaps we could slow down the building of new homes to let the market catch up, because now it leaves the most vulnerable home buyer at risk, and those are the first time buyers, the young families and the residents most needed to create a growing community.
So far from encouraging the young upwardly mobile to move to Red Deer, we are scaring them away.
Perhaps our supply and demand equation is heavily weighted to the supply side, yet we keep investing in new subdivisions while devaluing our own homes.
Who wins? Developers, city hall tax collectors, builders but not the tax payers. The city definitely makes the case for big property managers and renting. Too bad.
International
Javier Millei declassifies 1850+ files on Nazi leaders in Argentina

MxM News
Quick Hit:
Argentine President Javier Milei has ordered the declassification of over 1,850 historical documents detailing the presence and activities of Nazi officials in Argentina following World War II. The move grants global public access to once-restricted files on high-profile Nazi figures, including Josef Mengele and Adolf Eichmann.
Key Details:
- The files are now publicly available online through an Argentine government portal.
- Notable entries document the postwar movements and false identities of infamous Nazi war criminals, such as Mengele and Eichmann.
- The declassified material was delivered to the Simon Wiesenthal Center to assist ongoing investigations into postwar Nazi financial networks.
Diving Deeper:
The decision by President Milei toĀ declassify over 1,850 official recordsĀ regarding Nazi officials in Argentina is a historic act of governmental transparency, and one that sheds further light on Argentinaās role as a haven for some of historyās most reviled war criminals.
Among the most chilling revelations are detailed police and immigration records concerning Josef Mengele, the SS doctor known as the āAngel of Death.ā The files show Mengele arrived in Argentina in June 1949 using a falsified Italian identity under the name āGregor Helmut,ā facilitated by a passport issued by the International Red Cross. He successfully obtained Argentine legal status with help from the German embassy and remained in the country for years under official cover. Reports describe his profession as āmanufacturerā and his later attempts to travel to both Chile and West Germany, supported by certificates of good conduct issued by local authorities.
Another document confirms that West Germany had requested Mengeleās extradition to face a life sentence, yet Argentina denied the request, citing procedural technicalities and taking no actionāa decision that allowed Mengele to continue living in freedom in South America until his death in Brazil in 1979.
The files also include information on Adolf Eichmann, one of the chief architects of the Holocaustās āFinal Solution,ā who lived in Argentina until his dramatic capture by Israeli Mossad agents in 1960. Additionally, declassified material references Martin Bormann, Hitlerās personal secretary, and Walter Kutschmann, a Gestapo officer responsible for mass atrocities in Poland who lived under an alias in Miramar.
The Argentine government stated that these files were compiled through investigations by the Foreign Affairs Directorate of the Federal Police, the State Intelligence Secretariat (SIDE), and the National Gendarmerie from the 1950s through the 1980s. Until this release, the information could only be viewed in a tightly controlled section of Argentinaās General Archive of the Nation.
The newly declassified files were also handed over to the Simon Wiesenthal Center, supporting its research into financial ties between Nazi officials and institutions like the Swiss-based Credit Suisse. The decision follows a February agreement between President Milei and representatives of the center.
Chief of Staff Guillermo Francos made it clear that this release was at the personal direction of Milei, noting in March, āPresident Milei gave the instruction to release all documentation [on Nazis who fled to Argentina after World War II] that exists in any State agency, because there is no reason to continue safeguarding that information.ā
(AP Photo/Markus Schreiber)
Business
Scott Bessent says U.S., Ukraine “ready to sign” rare earths deal

MxM News
Quick Hit:
During Wednesday’s Cabinet meeting, Treasury Secretary Scott Bessent said the U.S. is prepared to move forward with a minerals agreement with Ukraine. President Trump has framed the deal as a way to recover U.S. aid and establish an American presence to deter Russian threats.
Key Details:
-
Bessent confirmed during a Cabinet meeting that the U.S. is āready to sign this afternoon,ā even as Ukrainian officials introduced last-minute changes to the agreement. āWeāre sure that they will reconsider that,ā he added during the Cabinet discussion.
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Ukrainian Economy Minister Yulia Svyrydenko wasĀ reportedlyĀ in Washington on Wednesday to iron out remaining details with American officials.
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The deal is expected to outline a rare earth mineral partnership between Washington and Kyiv, with Ukrainian Armed Forces Lt. Denis Yaroslavsky calling it a potential turning point: āThe minerals deal is the first step. Ukraine should sign it on an equal basis. Russia is afraid of this deal.ā
Diving Deeper:
The United States is poised to sign a long-anticipated rare earth minerals agreement with Ukraine, Treasury Secretary Scott BessentĀ announcedĀ during a Cabinet meeting on Wednesday. According to Bessent, Ukrainians introduced ālast minute changesā late Tuesday night, complicating the final phase of negotiations. Still, he emphasized the U.S. remains prepared to move forward: āWeāre sure that they will reconsider that, and we are ready to sign this afternoon.ā
As first reported by Ukrainian media and confirmed by multiple Ukrainian officials, Economy Minister Yulia Svyrydenko is in Washington this week for the final stages of negotiations. āWe are finalizing the last details with our American colleagues,ā Ukrainian Prime Minister Denys Shmyhal told Telemarathon.
The deal follows months of complex talks that nearly collapsed earlier this year. In February, President Trump dispatched top officials, including Bessent, to meet with President Volodymyr Zelensky in Ukraine to hammer out terms. According to officials familiar with the matter, Trump grew frustrated when Kyiv initially refused U.S. conditions. Still, the two sides ultimately reached what Bessent described as an āimprovedā version of the deal by late February.
The effort nearly fell apart again during Zelenskyās February 28th visit to the White House, where a heated Oval Office exchange between the Ukrainian president, Trump, and Vice President JD Vance led to Zelensky being removed from the building and the deal left unsigned.
Despite those setbacks, the deal appears to be back on track. While no public text of the agreement has been released, the framework is expected to center on U.S.-Ukraine cooperation in extracting rare earth mineralsāresources vital to modern manufacturing, electronics, and defense technologies.
President Trump has publicly defended the arrangement as a strategic and financial win for the United States. āWe want something for our efforts beyond what you would think would be acceptable, and we said, ārare earth, theyāre very good,āā he said during the Cabinet meeting. āItās also good for them, because youāll have an American presence at the site and the American presence will keep a lot of bad actors out of the countryāor certainly out of the area where weāre doing the digging.ā
Trump has emphasized that the deal would serve as a form of āsecurity guaranteeā for Ukraine, providing a stabilizing American footprint amid ongoing Russian aggression. He framed it as a tangible return on the billions in U.S. aid sent to Kyiv since the start of Russiaās 2022 invasion.
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