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Exactly this. This is an interminable stupid loop. 1. People want their own house, 2 cars, .... 2. So they work more, to earn more. 3. In some cases you need
by majidazimi 8y ago
Exactly this. This is an interminable stupid loop.
1. People want their own house, 2 cars, ....
2. So they work more, to earn more.
3. In some cases you need to study more, to get better job.
4. Women also get involved in this shitty loop.
5. Getting loans are easier now. However housing supply is not sufficient. So prices go higher.
6. People end up working/studying more, because they need even more money now.
7. They end up having 1 child.
8. Now, since government wants more workers (1 child is not sustainable), they have to bring immigrants.
9. It is getting dangerous now. Corporations lobby politicians, to keep minimum wages at a very low level.
10. Ambitious immigrants are ready to work like a horse. (Don't feel offended, I'm also an immigrant)
11. Corporations bully current employees to work more, since if you don't work more, there is an immigrant out there to replace you.
12. People have to work even more to satisfy their employers.
13. Go to 1.
- someguydave 8y agoYes, precisely this. Taken from a cynical perspective it appears that many people are making large personal sacrifices to bid-up the prices of real estate held by rich urban landowners, as well as to fund the welfare state. With respect to real estate, I would suggest that the government at least stop pouring fuel on the fire. End all real estate tax subsidies, including mortgage interest tax deductions. End all government real estate loan guarantees. End any favorable tax treatment of real estate as an asset. On the supply side, the government should greatly curtail restrictions on property development. I think some concern about the quality of housing is justified, but nearly all zoning should be eliminated.