Rabi-Balen Unity In Nepal: Is There a Genuine Reason for a Celebration?

Just read Professor Bishnu Sapkota’s powerful piece in Kantipur debunking three Nepali myths that desperately need challenging. His analysis resonates deeply with arguments I’ve been making about Nepal’s political landscape.

Speaking of myths: watching my Facebook friends celebrate the Rabi Lamichhane-Balen Shah unity as if it’s Nepal’s salvation feels like déjà vu. Remember the Gen Z movement excitement? Within months, we saw it was largely destruction of national heritage and property—not the transformation everyone promised.

This Lamichhane-Balen alliance is just another fleeting “blinker of hope” Nepalis have witnessed repeatedly in recent history. We get excited, we believe, we’re disappointed—rinse and repeat.

But here’s what nobody’s asking: What exactly IS this unity? Is it a formal political party merger? An electoral alliance? A friendship photo-op? More critically—has anyone heard their vision for actually running the country? What policies will they implement? How will they address corruption differently than their predecessors? What’s their economic plan? Their foreign policy? Their strategy for federal restructuring?

We have two popular personalities joining forces, but popularity is not policy. Social media following is not governance capacity. Photo opportunities are not reform agendas.

Will this alliance dismantle the myths Professor Sapkota identifies? Will they do anything substantial that future generations will remember as their contribution to breaking Nepal’s political deadlock? Or is this just another example of what I describe in my recent article—political entrepreneurship where personalities replace principles, and brand management substitutes for serious governance?

As I argue in my piece, these new formations represent populist moments, not sustainable movements. Without ideological foundations, institutional capacity, or history of genuine sacrifice, they’re political entrepreneurs treating democracy as business opportunity. The Lamichhane-Balen union seems to follow this exact pattern: high on publicity, silent on policy.

Professor Sapkota dismantles the myths keeping Nepal stuck. We need this intellectual honesty—and we need to demand more than charisma and popularity from our political leaders. We need answers: How will you govern? What will you change? Why should we believe you’ll succeed where others failed?

Until these questions are answered with substance rather than slogans, this is just another momentary distraction from the hard work of genuine political reform.

Speculators and Housing Bubble in Greater Toronto Area (GTA)





Let's start with the first factor of housing bubble for today.  The number one biggest driver of the housing bubble is speculators' speculation. Don't you ever wonder why home prices in the GTA are so high? If you think about housing prices here, one of the reasons why house prices are so high in the GTA is because of those speculators. Speculators buy properties not to live in or rent out, but to sell quickly and at high prices to make huge profits. A simple example is the fact that realtors have lots of houses in the GTA at a time when it is difficult for many Ontarians to buy a house! When speculation causes people to feel that home prices will rise indefinitely, this can lead to a bubble as people continue to buy homes at increasingly high prices for an investment purpose.

The same has been happening in the Greater Toronto Area (GTA) for a long time now. Speculators are banking on the fact that their home values ​​will continue to rise. One of the reasons Canadian homes are so expensive is because of speculators' valuation practices. The Canadian government comes up with various control measures to prevent this (such as the previous foreign buyer tax increase and the current higher tax on earnings over two hundred and fifty thousand) from time to time, however, they easily find flaws in the government's efforts, and it is difficult to completely control or prevent it. Yes, many immigrants have come and are coming to Canada, and they all prefer to settle in the GTA. Everyone in the GTA needs a house to have a roof over their head and raise their family for sure . Because of this the GTA housing market is heating up by the day. It cannot always be hot, and it needs to be cooled. The housing bubble created by this fever will one day burst, and it must burst to control the unruly real estate market. Honestly speaking,  many people want to see this market crash so they can afford to buy a house! And it's also true that the current housing situation is worse than a housing crash. However, this should not be an accident because its consequences are beyond imagination. (I'll talk about the second factor in the housing bubble in my next post!)