ACTUAL HEADLINE: Massive immigration boom created Canadian housing supply problem
(ca.finance.yahoo.com)
Comments (52)
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Makes me feel more sane when I see this article being posted from a more centrist news source... all of my rational intelligent family always denies it... just says "economics are complicated"
Economics are never complicated when they can blame capitalism. They're only complicated when socialistic policies start looking bad.
If only my family would believe that immigration was the driver of economic growth in Canada :D
Importing more poor people who work for cheap does make the measured GDP bigger and increase demand, but lower wages and higher prices make the citizens poorer.
Increased GDP is not the same as increased standard of living (ie: higher wages and lower prices).
"W-we just need to build more public housing and deal with those pesky zoning laws"
Or maybe a country cannot and should not have infinite population growth via an endless wave of immigrants.
Didn't you know that demand has nothing to do with supply and DEMAND? It's very hard to take these people seriously and I think they're purposely just being fucking idiots.
THEY NEED A FUCKING PLACE TO LIVE WHETHER THEY ARE POOR OR NOT, THEY CAN POOL THEIR POOR MONEY TOGETHER AND LIVE TEN PEOPLE TO AN APARTMENT.
Unless they're living on the fucking street, they're going to have an affect on housing. And if they're living in the street that's not a good thing either.
These people don't want to understand and are I believe are probably just immigrants themselves. No one can seriously be so fucking dumb that they don't think demand has anything to do with supply and demand.
Supply and Demand is racist
Wait, Ham mods /r/canadahousing too?
Deep cut.
"Mass immigration drives up housing costs" is not racism.
This is racism.
yeah they seem to be the outliers
Actually it would be even worse because Britons tend to demand more space per person than the average 3rd worlder.
Discussing whether we should be sending Israel $35 billion a year is not antisemitic.
It's just that the people discussing that don't tend to only be taking umbrage with that, but rather every issue that happens in the country, the same people point out that (((they))) must be acting again.
Not really. It's a balancing game. Too much immigration causes wages to stagnate and housing prices to rise, but too little immigration is a drag on economic growth by starving expanding industries of labour supply, wages rise out of control, employers can no longer compete for labour, and then industries start to collapse.
Immigration can be calibrated to maximize the economic benefit. Unfortunately our governments thought their citizens were too dumb to understand this from an economic perspective and instead manufactured consent for mass immigration using some puerile bullshit about "diversity is strength". Then after a couple of generations of that, we end up with naive dimwits who actually believe the "diversity" rationale running the country, and now they're piling as many people into the country as they can just for " diversity's" sake, economics be damned.
The net result being skyrocketing housing costs + stagnating wages = record levels of personal debt and no end in sight.
And it's a bubble that's going to burst as soon those levels of personal debt start to default en masse, which is only a matter of time the way we're going.
You sure have a way of making a good thing sound like a bad thing.