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The vast majority of people couldn’t do anything about it. Those who could do something about it profited from it, and therefore did nothing.
The vast majority of people couldn’t do anything about it. Those who could do something about it profited from it, and therefore did nothing.
Walmart is not low cost. The cost of shopping at Walmart comes from cheap items that look like their branded equivalent but are specifically made for sale at Walmart’s low pricing and only last 10% as long as the real thing, stolen wages from your community’s citizens, small businesses run out of town, decreased property values, and so many other negatives. There’s a valid reason why homeowners almost always fight against Walmart opening in their neighborhood. It’s a trash store that costs a lot of the back-end. Costco on the other hand sells quality goods, treats their employees fairly, and has great warranty and return policies. Don’t shop at Walmart, it is a threat to your community.
Your question starts from a false premise though, that nobody except for the wealthiest can afford to own a house. I’m from the USA, not Canada, so I had to look up the statistics for your country. You’re definitely facing a crisis, and if nothing is done, then your statement will probably be true sooner, rather than later, but it’s not accurate today. The prices of homes up there are certainly preventative for working class families, but depending on the area there are still middle class citizens buying homes. It would be disastrous for them if their homes - which have traditionally been the one source of financial stability - suddenly plummeted in value.
I totally get your sentiment since we’re facing a similar situation down here. Something needs to be done. Ideally that something doesn’t completely screw over millions of working class citizens who have made all the right moves, have been disciplined and financially wise, and through no fault of their own find themselves on the shit end of the stick yet again.
I think blocking investors and corporations from buying houses is a good step in the right direction, and probably making them sell the houses they already own too. That alone would open up a lot of inventory and stop the massive appreciation we’ve seen over the last half decade. That of course carries its own set of challenges though. What do renters do who can’t afford to buy a house, or don’t want to buy a house, when they suddenly have no more rentals available?
Idk man. I’m glad that I’m not the one who has to sort these problems out. My only point is that I hope they consider the millions of working class citizens who already own homes as they plan their solutions.
Slowing their appreciation seems like a better solution for people who bought in the last few years. Having their homes lose value in a controlled manner would ruin some people. They’d not only lose money on their life savings, they’d be trapped, unable to ever move without paying even more money, or filing bankruptcy if they don’t have more money to lose.
I’m all in favor of preventing corporations and investment firms from purchasing houses, and also foe heavily taxing private home ownership after the first one. I think that would bring the demand down to reasonable levels. The houses would still appreciate due to increasing population levels through birth and immigration, but it would hopefully keep it in the affordable for average people realm. It makes sense for your largest investment in your entire life to appreciate. It absolutely doesn’t make sense when a home triples in value in 3 years. That is causing its own financial catastrophes.
Well yeah. People’s entire life savings are wrapped up in their houses. We all saw what happened in 08 when the housing market crashed. It would cause absolutely massive fallout if people’s largest asset that they’ve been investing in their entire lives lost a bunch of value. It’s unfortunate that they’re not more affordable, but devaluing them would be catastrophic.
Somehow I doubt the Mafia is targeting grocery stores for heists.
The punishment for money laundering is a fine? We’ve truly lost the plot.
Do the MLB next! Do it! Do it, do it, do it!
we’ve changed nothing and are shocked to continue getting the same results!
A 41-year-old man was charged with publicly inciting hatred
And there you have it. Abuse of the hate speech laws is no longer an academic concern. Many of us warned that this would be the outcome. Now it has come to pass.
There is a definite impact to a society when they open up to outside cultures. Countries who don’t have a history of large scale immigration face challenges to their identity, and cultural strength, especially when immigrants don’t desire to integrate with the culture they migrated to. The citizens have to learn new skills, interacting with people that are different from them, and need to learn acceptance and tolerance. Those are valuable skills to learn, but it’s dishonest to pretend that immigration doesn’t have any impact on the host country. Certain European countries have been getting a master class on the challenges that mass immigration poses to their unified cultural identity. I’m from the United States, so I’m no stranger to immigration, but I recognize how there would be an adjustment period for those who are.
That’s a great idea unless you’re a Brazilian jujitsu fighter, then you want them to grab you so you can do fancy locks and break their fingers.
A lot of those are just fancy nooses that can be used against you in a fight.
Should you guys clamp down on your immigration policy until you get the housing situation under control?
Sounds like a great time to be a carpenter!
There are 17 breeds considered “giant” by the AKC, so they could be a lot of different things.
The steps being randomly placed around the image isn’t a great layout, but I appreciate that they used parts of the deer to process other parts of the deer.
Did they though? When wages have stagnated for decades? It’s really easy as a middle or upper class person to say “what’s a dollar here and there?”, but as a poor person it’s the difference between running out of money before payday or not. The long term cost of shopping at Walmart is greater than the short term savings, but poor people generally do not have the luxury of thinking about the long term.