Earlier quoted context omitted.
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> calls for a single global government
Untrue.
Maybe we’ve read different versions, can you point to where it calls for a single global government and currency?
What broke Sweden? Real estate bust exposes big divide
121–130 of 687 posts
Re: What broke Sweden? Real estate bust exposes big divide
#122Earlier quoted context omitted.
> It's a convention, in the ComicCon sense This is a common way people use to rationalise it. But how do you think decisions are made when there is group of people where each one has a part to play to execute a policy? The word you are looking for is a meeting. People meet, discuss, share concerns and agree plan. At this level, this is not something you can do over a Zoom call as you don't know who may be in the room…
> They can totally do it and there is nothing people can do about it, so they don't even have to hide that much. All the "theories" I've seen conveniently forget about China & India - the world's largest population by a long shot. How does these conspiracy of WEF impact them? Until I see something that doesn't have a "me" complex as the main reasoning I'm going to dismiss it.
It's quite simple. There are multiple conspiracies and they ally with each other but those bonds are fluid and shifting.
To give two examples relating to China and India here was a thread very recently that mentioned how the Mexican cartels are making inroads in the US, succesfully corrupting some police union and that cartel was also in cahoots with the chinese as thats where they were sourcing their fentanyl from.
There is also the Indian Brahmin conspiracy where they favor each other over other castes even abroad.
Both of these are real and established. But it's also clear that neither of them are all-powerful.
Re: What broke Sweden? Real estate bust exposes big divide
#123Earlier quoted context omitted.
> The government doesn't want to do anything Looks like the voters dont want to do anything either, if they keep re-electing the same party/politicians.
There is more than just one issue. A voter doesn’t necessarily agree on everything with the person they voted for.
I'm an immigrant and got really burned during the Harper admin (Kenny's handling of immigration destroyed my life). That basically meant my options are Liberal or NDP. NDP policies seem to think if I make more than 200K, I am a rich fat cat (ignore that I have a freakin PhD at the cost of a delay in buying a house - effectively making me far poorer in wealth terms than someone with a mediocre undergrad who bought a place anytime before 2015). Last election, I recall thinking, how can I vote NDP if them winning means I'll leave the country. That means, my only choice is Liberal. I am so fed up with their mismanagement, that I think I need to vote conservative just to make my voice heard, and then if (when?) the xenophobes of that party come out, go liberal again. I dunno .. feels like Canada isn't for people like me.
Re: What broke Sweden? Real estate bust exposes big divide
#124The Sweden story sounds so much like the SF story. Area doesn’t building housing, leading to a massive increase in house prices and a destruction of class mobility as the rich get richer (as their houses get more valuable) and the poor get poorer (as they pay more to rent the same living space). The growing wealth inequality leads to all sorts of other dysfunction including increased crime, worsening services, etc. a…
In Canada even if they do build housing 1) the immigration rate is so high it isn't enough to keep up 2) the house values in areas that dont build in enough housing have skyrocketed, and smart homeowners in those areas have decided to sell and move to places with lower house prices and purchase more than one, which of course rockets the price even in the places that do build a lot. So even in provinces where lots of…
> 1) the immigration rate is so high it isn't enough to keep up
That could be addressed by making home building a priority and by relaxing regulations like zoning. Allow more infill.
> 3) The government doesn't want to do anything about it because immigration is how they're keeping down wages
That's not the only reason to support immigration. Canada, as is the case with most western nations, is facing a demographic cliff due to lowering birthrates among it's citizens. Countries that allow more immigration can mitigate these demographic problems. Countries that are facing birthrates that are falling to or under the replacement rate should be trying to attract immigrant labor. Countries in that position that don't are going to be facing some serious issues in the not too distant future as their populations age.
Re: What broke Sweden? Real estate bust exposes big divide
#125The Sweden story sounds so much like the SF story. Area doesn’t building housing, leading to a massive increase in house prices and a destruction of class mobility as the rich get richer (as their houses get more valuable) and the poor get poorer (as they pay more to rent the same living space). The growing wealth inequality leads to all sorts of other dysfunction including increased crime, worsening services, etc. a…
> the rich get richer ... and the poor get poorer
I mean, what's actually happening is that the rich get richer and the poor also get richer but at a slower rate
> growing wealth inequality leads to all sorts of other dysfunction including increased crime
No, we have significantly higher inequality than the 1990s and significantly lower crime. So the opposite of what you said.
Re: What broke Sweden? Real estate bust exposes big divide
#126Earlier quoted context omitted.
All 3 of the major parties are pro huge immigration. Any discussion to the contrary is labelled racist regardless of a housing and healthcare crisis. Businesses underpay and when they can't find people willing to impoverish themselves to work for them, they apply to the government to bring in "temporary foreign workers" - for things like fast food restaurant workers not essential business, keeping the wages down. Tem…
I wonder how much of this issue is due to our (enormous) amount of immigration, given that fertility rate has been below the replacement rate since 1970 or so
I would have gladly had more kids if I could have afforded a place to put them. Do you know what a 3 bed condo costs in Toronto? It is financial suicide.
Re: What broke Sweden? Real estate bust exposes big divide
#127The Sweden story sounds so much like the SF story. Area doesn’t building housing, leading to a massive increase in house prices and a destruction of class mobility as the rich get richer (as their houses get more valuable) and the poor get poorer (as they pay more to rent the same living space). The growing wealth inequality leads to all sorts of other dysfunction including increased crime, worsening services, etc. a…
> The Sweden story sounds so much like the SF story. It sounds like the same story being repeated all over the world. There was someone on comments here on another thread talking about how this is a problem in Ireland now as well. It's not just SF in the US, it's all over the place. A friend recently told me about his search for a place to rent in rural western Washington and they said it was just impossible to find…
I don't know about Ireland, but in the US the home ownership rate is higher than it was at any point in the 20th century. So however bad the situation is it doesn't seem to actually prevent people from buying a house.
Re: What broke Sweden? Real estate bust exposes big divide
#128Earlier quoted context omitted.
All 3 of the major parties are pro huge immigration. Any discussion to the contrary is labelled racist regardless of a housing and healthcare crisis. Businesses underpay and when they can't find people willing to impoverish themselves to work for them, they apply to the government to bring in "temporary foreign workers" - for things like fast food restaurant workers not essential business, keeping the wages down. Tem…
I wonder how much of this issue is due to our (enormous) amount of immigration, given that fertility rate has been below the replacement rate since 1970 or so
Countries that have fertility rates below replacement should be encouraging immigration. Otherwise they're going to be facing some serious economic problems as their populations age.
Re: What broke Sweden? Real estate bust exposes big divide
#129It seems like it's the same story everywhere I look. Housing is the main driver of inequality and there is little change happening. We have the same problem here in Germany. I am currently living in Munich to finish my CS Master's at TUM and build a startup, and it is absolutely impossible to find anything remotely affordable. I am supported by two startup scholarships and make enough to get by, but no landlord even…
> And it's not just Munich. Every city in Germany has this problem.
Well, rising cost of living is a reality everywhere (it’s called inflation). But Munich is really extreme. You might want to consider moving to Eastern Germany. If you pursue an academic career, you might want to watch for positions in Magdeburg, Greifswald or Leipzig.
> How the hell are we ever supposed to build up some savings
ETFs (exchange traded funds i.e. index funds) give you better yield than just paying into a savings account. You also might want to invest some percent in more risky positions like BTC and ETH (10%) bc now is a good time to do that.
Also give it a couple of more months. Housing price increases are already decelerating and start to decline in some areas. The last 10 years were exceptional in low interest rates and money printing in the EUR zone.
If you can avoid it, don’t own a car — it’s always a money drain. :)
Re: What broke Sweden? Real estate bust exposes big divide
#130Earlier quoted context omitted.
There is more than just one issue. A voter doesn’t necessarily agree on everything with the person they voted for.
I'm an immigrant and got really burned during the Harper admin (Kenny's handling of immigration destroyed my life). That basically meant my options are Liberal or NDP. NDP policies seem to think if I make more than 200K, I am a rich fat cat (ignore that I have a freakin PhD at the cost of a delay in buying a house - effectively making me far poorer in wealth terms than someone with a mediocre undergrad who bought a p…
I only see one solution to right the wrongs of the past (with respect to the housing bubble). Tax wealth annually. Tax home sales the way the US does it.
As a society, we need to acknowledge how zero interest rates were directly responsible for the housing bubble. The people that caused that should be shamed publicly.