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Half of all Canadians say there are too many immigrants: poll
(nationalpost.com)
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this post was submitted on 12 Mar 2024
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The real story:
Yeah, but if we said "Half of Canadians are sick of late-stage capitalism's worst feature" it wouldn't go down as well with the people who buy and sell advertising.
It has nothing to do with capitalism. The housing crisis is created by ignorant or lazy stakeholders looking at short term gains instead of long term prosperity.
Costco plays the same capitalist game as Loblaws. Why is it that the former is so appreciated while the latter is hated by many?
We can look at housing the same way. Why isn't anyone providing high quality housing for a low price, focusing on accessibility and efficient use of funds instead of building expensive luxury apartments. Sure that'd drive down prices for existing homeowners, but the revenue would be much higher since they can now sell to a much broader group that can afford to take a smaller mortgage. They could build in low density area (e.g. Milton is 1/10th of Toronto), and bet on the growth that would go with creating self-contained areas easily accessible to Toronto via the Go train.
Instead, we get the Weston's of developers: price gouging, expensive developments, low appeal to newcomers/younger folks.
It's pretty hard to make it up in volume with housing. So it behooves builders to build houses that are as profitable per man-hour as possible. The solution that worked before was government housing. It increases the supply, which lowers prices. It also can put in government-managed caps for price, which puts downward pressure on the prices charged by private homebuilders. This in turn puts pressure to not build as many luxury homes, because the market for them becomes people who want luxury homes and not people who want homes and are willing to buy a luxury home to do so. And that causes an increase in capacity to build less luxurious homes because the house you can sell now is generally more valuable than the house you can sell 3 or 6 months from now.
This isn't an easy solution. It took us 40 years to get into this mess, and it's going to take a good while to get out of it.
Edit: also, capitalism tends to put pressure towards profits now more than more profits later, and generally gives no incentive for making the world a better place. Capitalism directs you to charge as much as the market will bear, and the smaller the supply of new homes, the higher a price the market will bear. So this is absolutely a failure of capitalism, and it's unlikely capitalism will fix it. Only a fool (or an altruistic, and capitalism paints both with the same brush) would go out of his way to devalue his own product. This doesn't apply to Costco because, as I initially pointed out, making it up in volume is well within their capability.
No, there's a very easy solution: the government should build housing the same way they build roads and bridges.
Housing is societal infrastructure. Leaving that entirely to the private sector never made any damn sense.
Simple and easy are two different words. "Start doing something you used to do almost half a century ago and wait 5 to 10 years, and multiple potential changes of government, for tangible results," is pretty simple, but I wouldn't say it's easy. I'm also certain none of the pundits will say, "Look at all the money they spent, and we still have a housing crisis," followed by, "Sure we fixed one housing crisis, but look at all the people who lost money on the purchase of their homes!"
All excellent points, and you're right, I really meant "simple", not "easy".
My comment was really intended to highlight the narrowing of the solution space regarding housing. When houses became products and investments, we collectively decided the government had no place in building them aside from indirect nudges: zoning, various forms of incentives, etc.
Maybe it's time we accept that the free market has simply failed and we need to look beyond neoliberal orthodoxy for solutions.
That's not an easy shift! Not at all. But IMO it's a necessary one.
As an aside, it's not like this is new. "It's a Wonderful Life" highlighted this exact problem. Their only mistake is they assumed a benevolent capitalist (George) would come along and fix the problem. But that ain't how the real world works.
You can drastically reduce man hour and material cost when you design houses with efficiency in mind though. It takes significantly less engineering to build a 4-floor building compared to a 40-floor skyscraper, which requires digging large holes, carefully installing a central structure, and the work becomes progressively slower when you are near the top. They are also a huge liability long term due to the complexity of the design, making its present value lower. In a real "free" market, all this would be priced in, but it's likely that the industry is controlled by a small number of well funded groups with strong influence in politics (allowing them to get permits and contracts).
Well, this certainly explains why there are so many building below 4 storeys compared to taller ones, but since most people live in those smaller buildings, I'm not sure what that has to do with the discussion. Moreover, luxury and height don't have any real correlation - there are any number of brutally utilitarian hi-rises as well as lavish single-storey homes. And yet, marble tiles aren't much harder to install than Terra cotta, but will make the house fetch a disproportionately higher price on the market. Hence why granite countertops, for instance, are very popular in new homes and renos right now.
Woah those are some healthy looking numbers, ty
Most Canadians are not anti immigrants, they are anti housing crisis and anti healthcare strain. The former is the results of capitalist decision making/lobbying, latter is the results of cuts in government budget for healthcare (a favorite policy of libertarian/conservative parties) and extreme bureaucracy and aversion to innovative healthcare management designed for efficiency (this is a problem in many parts of the world, and we all know Canadian governments, provincial or federal, are not known for their efficiency).
The lack of technocrats in government is a massive issue. Holland (fed) and Dubé (QC) both worked in financial services before going into politics. Dix (BC) worked as a journalist, and it's unclear what Jones (ON) was doing before politics. Why aren't doctors, nurses, healthcare management experts (i.e., people who actually ran hospitals and worked with doctors) getting elected and taking those positions?
Not like it worked well with Barette or Couillard. The reality is that the people that want the position shouldn't have it, and the people that don't want the position should have it.
Power attract the people that shouldn't be in power. Simple as that.
Not all doctors make good politicians (for example, I doubt that Dr oz would be a good choice as a secretary). But good health ministers are more likely to come from a healthcare background, although you may have really good non-experts doing a ministers job.
I was a bit too sarcastic in my OP. I agree with you that someone with a background in what they administer is a boon.
But my point still stands. In almost all cases, the people vying for power positions are the wrong people for the job.
So the right person, someone that would be less influenced by power, needs to get chewed by their party and raise through the ranks. And if after all this ordeal, they still have their voice left in the party, then they make great minister.
Yeah after all the multiculturalism propaganda of the last 40 years, your average Canadian is either brainwashed or unwilling to say enough is enough out loud.
"God dayimn multiculturalhism, on my god dayimn countreyh, ain't darn good. Dahnuld Truuuuhmp, yeeehaw!"
Enjoy either never owning a home or hearing people bitch about they can't now till forever, between the tight market and depressed wages and high taxes driving anyone with talent south. They imported the population of Saskatchewan in a little over one year. that's not sustainable, that's literal idiocy.
Did you know that a redneck dies each time another redneck opens a book? That's why they avoid it like the plague.
Oh wait, we just had the plague and the rednecks didn't try ro avoid it and a bunch of them died because they thought it was a hoax LMAO.
Also, your first sentence is a word soup, I'm not poluting my brain with that garbage.
Wtf sort of response is this? "Those are valid points and I don't like it, so I'll respond to something else, see if people buy it"
Nobody said your points are valid lmao.
You did, by your half assed response.
Rightwinger nutjobs and things that never happened. There isn't a more iconic duo.
Are you literally incapable of a coherent thought?
My coherent thoughts are for people who are capable of underatanding them.
Oh, look, you can respond to what is actually written, if it's a simple question at least.
Enough of what?
Immigration. Was that really unclear?
Because of multiculturslism though? Seeing people doing things their immigrant heritage passed down to them irritates you, they should be doing the things your immigrant heritage passed down to you instead?
That's not what I said. Read it again.