Stop allowing non-citizens or people that live in Canada as their primary location, buy houses. Done. Your housing crisis is over. Now, if the USA could fucking figure that out too!!!!!
The escalating housing crisis has become a pressing concern in many countries, including Canada and the United States. This multifaceted issue encompasses a multitude of contributing factors, one of which is the participation of non-citizens and individuals residing primarily outside the country in the housing market. While some advocate for restricting homeownership rights for these groups as a potential solution, a comprehensive analysis reveals that such a measure would be both impractical and counterproductive. This comprehensive response delves into the complexities of the housing crisis, examining the potential implications of such a restriction and offering alternative strategies for addressing the underlying causes. Assessing the Proposed Restriction: The suggestion to bar non-citizens and individuals living primarily outside the country from purchasing homes is based on the assumption that they are contributing to the inflated housing prices and limited housing stock. However, several factors undermine the validity of this argument. 1. Limited Impact: Restricting homeownership rights for non-citizens and individuals living outside the country would have a negligible impact on the housing crisis. The vast majority of homebuyers, both in Canada and the United States, are citizens or permanent residents. According to a 2021 report by the Canadian Real Estate Association, non-Canadians accounted for only 4.7% of residential property purchases in Canada. Similarly, in the United States, foreign buyers make up a small fraction of the overall housing market. 2. Economic Ramifications: Imposing such a restriction would have severe economic consequences. Non-citizen homebuyers contribute significantly to the economy through job creation, investment, and tax revenue. Restricting their ability to purchase homes would discourage investment, stifle economic growth, and even lead to job losses. 3. Discrimination and Equity Concerns: Implementing such a restriction would raise serious concerns regarding discrimination and equity. It would single out non-citizens and individuals living primarily outside the country, creating a two-tiered housing system that favors citizens and permanent residents. This would violate the principles of equality and fairness enshrined in the constitutions of both Canada and the United States. Addressing the Root Causes: Instead of resorting to restrictive measures that have limited impact and potential negative consequences, policymakers should focus on addressing the underlying causes of the housing crisis. This includes: 1. Increasing Housing Supply: A significant contributing factor to the housing crisis is the lack of supply to meet the growing demand. Governments need to implement policies that encourage the construction of more affordable housing units, including apartments, townhouses, and condos. Zoning regulations should be reformed to allow for denser development and mixed-use zoning, making it easier to build new housing. 2. Curbing Speculation: Speculative buying, where investors purchase properties not for personal use but to resell at a profit, contributes to rising housing prices. Governments can introduce measures to discourage speculation, such as increasing taxes on vacant homes and implementing stricter rules for foreign buyers. 3. Protecting Renters' Rights: Many individuals are priced out of the housing market and forced to rent. Strengthening renters' rights, such as rent control and eviction protection, can help stabilize housing costs and make renting more affordable. 4. Addressing Income Inequality: The widening income gap exacerbates the housing crisis. Policies aimed at reducing income inequality, such as raising the minimum wage and investing in affordable childcare, can help ensure that more people can afford to purchase a home. Conclusion: The housing crisis is a complex issue with multiple contributing factors. While restricting homeownership rights for non-citizens and individuals living primarily outside the country may seem like a quick fix, it is an impractical and counterproductive solution. Instead, policymakers should focus on addressing the root causes of the crisis, such as increasing housing supply, curbing speculation, protecting renters' rights, and addressing income inequality. By implementing comprehensive and evidence-based policies, we can work towards a more equitable and sustainable housing system that meets the needs of all residents, regardless of their citizenship or residency status.
No, the main issue is outside people purchasing. Between foreign entities buying up property all over, and MAJOR companies like Tricon, Progress Residential, or Zillow, who here in the states, and certainly in many other countries, has been responsible for purchasing nearly 50% of all homes sold the last 10 years or so. They own complete communities in many places, and either turn around and drastically raise the prices for the whole neighborhood, or rent them all out, at much higher prices, raising the rent of everything.
Anyone that starts in on equality bullshit or discrimination is just a delusional cuck. Poor does not affect black people any more than it affects white people and for ever ghetto there is there is a trailer park right next to it. I will concede 1-2 decades ago banks would give loans to black families knowing they would default, thats some shitty scummy ass practices, but has NOTHING AT ALL to do with the current housing crisis. If you can look me in the eyes, and tell me that corporations currently owning 25-50% (number fluctuates depending on where I look) of all the homes in this country is not the sole and ONLY thing that needs to be changed to instantly solve this crisis then you are a complete fool. Sure, other things make it worse, but who gives two shits about a bandaide pulling some leg hair when it is holding on the bandage from the gaping hole where your knee used to be? This is essentially the same thing. Take the ownership back of said homes and housing crisis is quite literally solved instantly. Prices would DRAMATICALLY fall back down, especially if all those homes owned were put back at proper market values BEFORE these companies started buying all the homes and ballooning the value. Would this fuck over any of us who own a home or just bought one in the last decade? Hell yes it would, horribly. We would go overnight from hundreds of thousands in equality, to probably being in debt more than the house is valued at now, but middle and lower class would be able to get housing easily once again.
Personally, I'll take a hit on my own home to fix this bullshit, and would love to see prices adjusted somehow retroactively, but now THAT is a delusional pipe dream ;P
p.s. I think it is both disgusting and repulsive how this wall-o-text has just about ever progressive cause in it other than ideology crap past racism. When people try to call the right out for forcefully trying to jam shit into the mix that has nothing AT ALL to do with the issue, like children's meals on a tax cut for the wealthy, and here you are, doing the same thing and not able to see the contradiction or how hypocritical it is.
[deleted] 3 months ago ago
uhmm.... what does this have to do with the housing crisis?
Canada didn't used to allow in illegals
It is not illegals that are the issue, it is foreigners who do not live in your country buying properties in your country, or the large corporations in your country buying up to 50% of all homes sold so they can hold them, raise prices of housing even more, then make a profit either renting at ludicrous prices, or just forcing housing prices in that area to balloon.
Anyone trying to peddle any other reason for this issue other than 25-50% of all homes (in America for instance right now) are owned by corporations or foreign entities, is either an idiot, delusional, or was lied to.
More rich people moving in and gentrifying is great on the surface but they're chinese and Muslim rich people who then donate to politicians to allow in more illegals
They don't want there to be a strong white character
They don't move in is the issue, they buy the homes, do not live there so no taxes and all that, then MIGHT use it as a like a summer vacation home, or more likely just wait till prices are high and sell. Big cities like NYC are almost all bought up by people who do not live there.
Lastly, Muslims can be white... so yeah.
Higher prices are good, helps keep out the trash. Nyc still has lots of bums and illegals, why if housing is so expensive? Well they sometimes live outside but the truth is they have lots of free housing for poor trash. Including free in the averages and prices aren't so bad. Need to kick them out. Same in Canada.
So let me get this straight.... you are ok with housing prices going through the roof... because you don't like poor people. What a fucking clown show.
In capitalism, the way it should work, is if a place like nyc is too expensive, people should move out. There are plenty of cheaper places to live. Or in nyc landlords would lower their rent if no one can afford it, but places are full. But the problem always solved itself, unless govt puts in perverse socialist incentives to get illegals and criminals to stay.
Or, we can go to reality where restrictions exist so that crooked landlords and companies cannot rob people blind, that is how capitalism works, it is not unchecked greed. If you are so worried about illegals and criminals, YOU move somewhere without them, after all, you have money right, so should be no problem to put money where that gaping hole is.
Move out of nyc if too expensive
Do dems really expect most voters to care about that non issue? And I should move cuz of illegals? Do you really believe this ahit.
You really believe that every single illegal should move for you, so stop being a hypocrite and do it yourself. I do not live in NYC, my company has a huge building there right off broadway, so I go there often, and I could certainly AFFORD to live there, but the point is not that I can afford it, it's that I am paying 50x what the damn housing should be already. I don't know about you, but the illegals are no where NEAR where I live already, and I would prefer to instead have that SUBSTANCIAL amount of money I am paying for quite literally no other reason than to make the rich fucks richer, but that money could go to me getting an electric porsche taycan 4s half paid off in a single year with the difference in what we pay.
Also, I am not a dem. No clue what in the WORLD would make you even remotly say that, none of my posts are far left bullshit, or the cancer called ideology, but I assume that much like common sense you also do not read past the first sentence, or look at post histories... just flap that jaw confidently ignorant to reality. The bulk of your partial sentence replies stink of incel and a lack of knowledge that frankly is slightly alarming. You are a clown essentially, and I do not waste my time with clowns or forum trolls. Good day sir, I will not reply again, and I hope you get priced out of your home, you deserve it afterall.
BobOki |4 pointswritten 3 months ago ago
Stop allowing non-citizens or people that live in Canada as their primary location, buy houses. Done. Your housing crisis is over. Now, if the USA could fucking figure that out too!!!!!