'Hedge Cities' and Property Bubbles Ruining Quality of Life

A new UN report is highlighting the immense suffering caused by the financialization of housing.

The amount of money involved in the purchase of housing and real estate is almost impossible to digest but one thing is certain, it is lowering the quality of life for everyone not riding the bubble.

prosper.org.au/wp-content/uploads/2017/03/Report-of-the-Special-Rapporteur-on-finaincialisation-of-housing.pdf

Other urls found in this thread:

youtube.com/watch?v=InRDF_0lfHk
archive.4plebs.org/_/search/subject/knowledge bomb/username/anonymous5/tripcode/!!9O2tecpDHQ6/
huffingtonpost.ca/2016/10/24/100-million-canadians-2100_n_12618314.html
huffingtonpost
archive.is/5jXBc
bloomberg.com/news/articles/2017-06-01/sprott-s-buying-canada-reits-because-its-cities-are-so-crowded
twitter.com/SFWRedditVideos

>In “hedge cities”, prime destinations for global capital seeking safe havens for investments, housing prices have increased to levels that most residents cannot afford, creating huge increases in wealth for property owners in prime locations while excluding moderate- and low-income households from access to homeownership or rentals due to unaffordability. Those households are pushed to peri-urban areas with scant employment and services.

waiting for canadians to defend this

...

I love it, it's hilarious!

it's sad. but i get the schadenfreude too sometimes

It's rich overseas buyers that have pushed up the housing prices.

We don't, why do you think people were up in arms when they announced a 15% foreign buyers tax?

thread theme:

youtube.com/watch?v=InRDF_0lfHk

Why did we let these chugs live?

what's a chug?

Oh its the autistic brit again with his daily CanadaHate Thread! Dont forget to fire up your Canadian proxy and shitpost to yourself about Canada!

>Dont forget to fire up your Canadian proxy and shitpost to yourself about Canada!

fascinating theory.

Canada is turning into Sweden 2.0

archive.4plebs.org/_/search/subject/knowledge bomb/username/anonymous5/tripcode/!!9O2tecpDHQ6/

The group formerly called "natives".

We renamed them after their affinity to chug any intoxicant within reach.

buy-to-let is a shit system that increases inequality. I take it that's what they're talking about?

sweden is going to look like paradise by the time these leafs are done with themselves.

It will force people out of cities and into red-pills. The more government tries to help, short of banning foreign ownership of property (a HIGHLY nationalistic response), the worse things will get. Subsidies and other government programs only exacerbate cost issues and bankrupt the exchequer.

Canada will either embrace nationalism or destroy itself. Considering it's Canada, I think we know which outcome is more likely.

same shit for touristy coastal areas

It's Chinese millionaires putting their wealth into foreign property because the Chinese government can't seize that from them when it's time to flee.

they're fucked. canadians cannot hold a dialogue with each other about their probems. The are highly conditioned to attack anyone who speaks out and they cannot, for the most part, even articulate what is wrong. They taught 'em wrong on purpose.

A lot of this 'financialization" isn't necessarily the issue, the issue is that every step of building a house requires and inspection and a permit. The cost of building a house has doubled because of a mass of government busy bodies that meddle in building homes. The tradeoff of building a standard of high quality homes on building code has had the cost of dramatically raising the housing costs. That and the housing in Vancouver and Toronto increasing due to wealthy immigrants.
Someone should gas these people. I know this mass of subhumans that hate this country are going to ruin the 150th for us patriots.
Pic related is the flag we should move back to.

>Pic related is the flag we should move back to.

that flag is probably going to be a hate crime soon.

only white supremacists fly it don't you know.

Next time you see a Boomer, thank them for all the bad decisions that led to this point in time.

No doubt this is one of the things Finance Minister Bill Morneau is talking about at the Bilderberg meetings. Probably trying to let everyone know that the bubble is deflating and how the Canuckistan gov't is going to deal with it.

Meanwhile, Trudy does rad things for his Instagram/soc. media followers. With any luck, RE goes full retard and wipes out over-leveraged Canucks and the blame gets laid squarely on Trudy before the next election.

Pot calling the kettle black there mohammed.

Dont bong police investigate hate-tweets on the regular over there?

I lost my twitter permit for posting a sharpened training knife, i don't know what it's like these days.

You've been outed as a 30 something NEET attention whore.
LEL
Go away bud.

the irish.

>No doubt this is one of the things Finance Minister Bill Morneau is talking about at the Bilderberg meetings

They aren't going to be trying to figure out how to improve your lot in life, that's for certain.

They are going to fuck you.

>it is lowering the quality of life for everyone not riding the bubble.

And everyone riding the bubble, doesn't give a fuck anyone else is suffering.
They also drag the economy along, since their the only people with money.

I donno anymore, I caring is pointless. I think most Canadians realize that and fall into drugs or booze.

NO ONE actually wants to live here. Everyone in Canada wishes they where American. They just sputter conditioned meme lines as a defense mechanism.

This country sucks so fucking bad.

Canada is a weak confederation of every different people. It will break up and everything outside of Ontario & Quebec will be absorbed into the USA or Russia (the north).

How much does it piss you off when one of the cucks tells you to love it or leave it? they know you can't. it must be aggravating.

How about that new $15 wage. That's going to be fun for those who still have a job... until they see their taxes.

Agreed. I imagine they're hoping for a slow melt in RE prices while at the same time keeping up their multiculti program. Canucks are so overleveraged now, it's crazy. I'm a renter/saver, so I hope the whole thing fucking collapses and burns like the US in 2007~2009.

What the absolute fuck

It doesn't anymore. I'm came to accept I'm here till I die. It's in my DNA or some shit.
Whatever I guess..............
One day I'll be dead and that's my only solace.
I know how vampires feel

>I'm a renter/saver, so I hope the whole thing fucking collapses and burns

bump and upvote all canada collapse threads. make your own too. the time a correction takes can be compressed - it's doable. It will translate into more money for the poor.

There is no place to go, this stuff happens on a global scale. Doesn't matter where you go.

You're your own prisoner m8.

I want 3 things to happen out of this:

1. Resetting of RE prices
2. Smug, over-leveraged home 'owners' to see that their paper wealth is worthless and not real unless they can actually sell at a higher price than they purchased.
3. Liberal government wipeout.

Hi Frank!

In 30-40 years, Canada is going to be EMPTY

There's only 35,000,000 of us to begin with. Over half the population is over 50.
Once they all die, well, there goes half of 35 million.
At least there will be a lot of empty million dollar houses for the Chinese to buy.
Leaving stuff for your kids is a greedy American thing. Baby Boomers worked hard their whole lives and will spend every dime and more to enjoy life till 99 on FREE Healthcare.

Whatever. I'm going to make sure I have mine, regardless of what happens here.
I'm Canadian. Fuck you, I'm getting mine.

>In 30-40 years, Canada is going to be EMPTY

this nigga high af.

>100 Million Canadians By 2100? Key Advisers To Morneau Back Ambitious Goal

huffingtonpost.ca/2016/10/24/100-million-canadians-2100_n_12618314.html

Archived
>huffingtonpost ca/2016/10/24/100-million-canadians-2100_n_12618314.html
archive.is/5jXBc

>bitches don't know about my 350000+ immigrants/year
The country won't be empty, you just won't recognize it.

I fucking WISH.
Real estate would become affordable.
Wages would rise. Crime would drop.
Traffic congestion would decrease.
Pollution would decrease.
Your nominal vote would have more sway.
Everything would improve.

Instead we get to become despised minorities while the exact opposite happens.

Soon you'll see this in the cbc:

>Canadians were never white, experts say

>"..as we unpack things further we start to see that whiteness is a social construct imposed on others, we cannot know what past Canadians identified as due to a lack of data and when we account for implicit bias we can see that white identifying whites are a minority in our history""

It's our own damn fault.

The problem is that the housing market doesn't reflect a healthy economy. Ya sure if our economy was booming wages were rising and that was the cause increased housing prices. Fine and good.

But it's literally rich Chinese people in the luxury market over valueing homes. Then the sellers move into the suburbs. And they overbid on houses because they got their millions from the chinks. So I'm and so on. Now in the suburbs of Vancouver a 1100sq apartment is 500k+. Shit is the biggest bubble. 1200sqf townhome I bought 5 years ago for 300k is now "worth" 600k. Problem is if I sell everything else is 1m+

I make 70k a year now way I can afford ever to buy a real house.

This is painfully true. I showed a few of my more intelligent friends the population demographics for Canada's future It took a short 10 minutes before I got the good old Xenophobic and Bigot thrown at me and tons of anger. We're all like pavlov's dogs here in this god forsaken place.

>mfw I'm a renter
>work ok job
>mining cryptos in my apt
>make more money mining/trading than working
>my rent is "all inclusive" meaning my landlord is paying for me to mine cryptos
>I'll literally go from bum renter to millionaire over then next 5-10 years

Gotta be a cutthroat nigger in a nigger world.

Sell and get a mobile home?

I visited canada in 2000, Canada used to be great.

I was taking care of business and drinking at the bar when some chap tried to hire me as a manager. I rode my bike down an industrial area to scope some property on the sly and got a welding job offer and a free joint. This was back when canada was 90 percent white and kush was hydro.

(((What the fuck happened))).

bloomberg.com/news/articles/2017-06-01/sprott-s-buying-canada-reits-because-its-cities-are-so-crowded

REEEEEEEEEEEEEEE

>1881

You don't even have to travel to visit india anymore.

>carbon footprint minimized!
>Winning!
>chekked

AHHH ha ha ha ha ha ha!!!
People with citizenship from other countries LEAVE as soon as they fucking can.
50% of immigrants LEAVE Canada for ever in their first 5 years.
NO ONE wants to live here.
Even the Syrians are wanting to GTFO and everything is FREE for them. No amount of gibs makes people want to live here.
100,000,000 LEL
Canadian big talk and nothing more.

>(((What the fuck happened))).

This happened. The real beginning of neocon cuckery. Trudeau is just more globalist compared to Harper's blatant zio fellating.

50% of immigrants leave in their first 5 years of coming to Canada.
Most do it for faster access to a US Greencard.

Yep, people from other countries can live in Canada for X years and get fast tracked for a US Greencard.
People BORN in Canada, need to up $500,000 USD for a greencard or be Justin Beiber quality to live in USA as a citizen.

W_E_W_L_A_D
Think we got fucked being born here

>Sprott Asset Management LP is buying Canada’s real estate investment trusts because residents have no where else to go.
>residents have no where else to go.

no escape.

> buying house meme

Here's how you beat the system :

1. Rent an apartment
2. Stay there for year and years

There is a law that prevents landlords from increasing your rent by more than a tiny percent (around 1%) every year. After only 3 years i'm paying 800/m and my neighbors are paying 1000/m.

I never said anything about buying a house in the post you replied too.
Are you okay?

Sorry senpai i just clicked a random post id to reply

Crybaby leaf's who don't allready own a home.

Why is ontario so based

No man, the Chinese will keep buying the houses at stupid prices.
I bet the boomers will sell their house and live off the cash in some Mexican or Caribbean condo while their kids starve and freeze.

The only people who stay from other countries, are the ones wanted in their home countries or some the absolute bottom barrel countries and their Socialized Housing is a mansion to them.

It's going to be weird. Canada is already big and empty now. With half the people gone, it's going to be a ghost country.

This will increase the price of my groceries won't it. Fuck.

bloody marxists.

Cause it's so expensive.
Don't worry, the price of everything will go up.
You're allowed to survive in this country. Nothing more.
Who cares about 15 an hou when half or 2/3rds of your check is rent.
Only a select few get the high life. The rest just scrape by
That's life in Canada.

Just finished unpacking my new house in Tokyo. $50000 CAD. Everyone still in Canada is retarded.

>$50000 CAD

what's the square footage?

And the fucktard masses will probably vote Trudy in again because 'diversity is our strength' will have been drilled in their heads all over soc media. Most of these braindead, overleveraged masses would rather live Soviet-style and die poor than be called racist/bigot.

I'm an Anglo and probably have more in common with the rednecks in rural Quebec than the neighbours in my apartment building. Sweden 2.0 - here we come!

It doesn't matter who is voted in. Those people who sit around Parliament all day talking to each other for 250,000 a year of tax payer money, do not give two fucks about anyone. They are also in that position cause they are connected.
They all have the same game plan.
They stay rich, we stay poor.
That's life in Canada.

We measure things in totomi matts not square feet.

is it big enough to hold a decent finger box collection?

This speaks to me. The way I put it is that working full time close to min wage just is not a good deal. on disability or welfare you get close to 900$ a month working full time you'll get around 1600 a month.

So ask yourself is giving away 1/3rd of your life worth the extra 700$?

If you bought a 'house' in Japan for $50k, it must be within sight of Sendai-Fukushima. There's no fucking way you bought a 'house' for that low.

Lemme guess, you dropped $50K on some bachelor pad, that you don't actually own, but rather have fronted $$$ as key-money and you don't pay rent. You've basically given the landlord an interest-free loan in exchange for letting you live there.

...

Look at some real estate sites.

Link pls, I'll wait,

Hold your breath too

you're gonna kill that poor man.

Hahaha, that's what I thought. Maybe add a zero on the end of your $50K claim or source a link gaijin.

Nothing is a good deal in Canada.
They make it that way.
You're allowed to get by, nothing more.

Once you start making abit more, your rent becomes abit more, cause you want to live some place nicer and you can "afford" it
Then you eat abit nicer, which costs more.
You get abit more comfortable and still have nothing.

That's life in Canada

I love these threads

Oh Canada, our home and asian laaaand

...

Hahahajh

You actuaky think a house here costs 500,000????

lower populaiton=lower housing prices, dumbass

why do you think leftist bankers want mass immigration so much?
mass immigration= lower wages and higher housing prices

The Anglosphere is so used to insane housing prices that they think sane, affordable housing prices are bizarre and possibly immoral

...

...

Do you have the one where the mold-infested house that was rotting sold for ~1 million plus?

Sure as shit isn't $50K like your claim. Source real estate link plz, I'm still here.

...

$500,000 would get you a mansion here.

I have my paperwork right here. You can eat shit. Wallow in your indignant ignorance, rent slave.

Source link, plz - I want to see that mansion for $500,000 as well as your 'house' for $50K. I'll wait.

I wish

There are middle class millennials in Japan that own 2-3 houses, genius

It's not hard to figure out why

The cost of housing is nothing if you live in a homogeneous country with no mass immigration or debt bubbles

Im not putting in the effort. If youd asked politely I would have googled but since you have the personality of a rancid piece of dogshit nah go fuck youself.

Hahaha, that's what I thought. Nice 'life in Japan is all good' LARP effort though, 7/10.

Life in Japan is fantastic.

I've no doubt, I spent 6 months in Fukuoka - great city. But your real estate claim of $50K for a house you bought is bs.