To the extent that there’s a left in Canada, anyway. The purpose of mass immigration is to keep housing prices high, as financialized housing is both the primary means of retirement savings and is also a cornerstone of the economy.
Lewis’s proposals seem reasonable to me. On one hand you can’t just have a destabilizingly high rate of immigration, but on the other it’s extremely unjust to just deport a bunch of people who are already here, Trump style. We need a reasonable level of immigration as well as protection for refugees - this century is going to see a massive influx of refugees in general, and if we become Festung Kanada it will rot us from the inside out.
At some point we’re going to have to definancialize housing, and the NDP Lewis is the closest option to that. The libs and cons sure as hell would never do it
Its financialized due to cheap debt and a shortages, caused by the BoC and the NDP themselves supporting mass immigration.
I don’t see anything Avi is pushing to definancialize it, if anything he wants to exacerbate shortages to encourage further speculation. I’d be curious what you think he’s suggesting that will accomplish it.
Broadly, he’s a step in the right direction, turning the NDP back to its socialist roots. At some point we could just have the government build housing and old age pensions, eliminating the need to have a house be a financial instrument for retirement
Margins aren’t very high on houses for developers, its largely government policy that is the highest cost, largely things like zoning and developer taxes. So how far can prices possibly fall by eliminating the developer profit, 10% as a non-profit, assuming they can do it with the same efficiency?
To the extent that there’s a left in Canada, anyway. The purpose of mass immigration is to keep housing prices high, as financialized housing is both the primary means of retirement savings and is also a cornerstone of the economy.
Ya I agree, David Eby is the closest we’ve got. But he’s torching himself with indigenous land rights issues, by giving privately owned land away.
Look at this new clown: https://thewalrus.ca/ndp-leader-avi-lewis-wants-to-reverse-carneys-immigration-cuts/
Lewis’s proposals seem reasonable to me. On one hand you can’t just have a destabilizingly high rate of immigration, but on the other it’s extremely unjust to just deport a bunch of people who are already here, Trump style. We need a reasonable level of immigration as well as protection for refugees - this century is going to see a massive influx of refugees in general, and if we become Festung Kanada it will rot us from the inside out.
Sure, eat the young to feed the rich old boomers that own all the real estate. Let’s see if that resonates.
At some point we’re going to have to definancialize housing, and the NDP Lewis is the closest option to that. The libs and cons sure as hell would never do it
Its financialized due to cheap debt and a shortages, caused by the BoC and the NDP themselves supporting mass immigration.
I don’t see anything Avi is pushing to definancialize it, if anything he wants to exacerbate shortages to encourage further speculation. I’d be curious what you think he’s suggesting that will accomplish it.
Broadly, he’s a step in the right direction, turning the NDP back to its socialist roots. At some point we could just have the government build housing and old age pensions, eliminating the need to have a house be a financial instrument for retirement
Margins aren’t very high on houses for developers, its largely government policy that is the highest cost, largely things like zoning and developer taxes. So how far can prices possibly fall by eliminating the developer profit, 10% as a non-profit, assuming they can do it with the same efficiency?
You also eliminate contractor profit and so on. Much of the cost is also tied up in land value, which can be simply expropriated.