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North America is TOO Expensive and it’s unsustainable [video]
- johnea 3y agoUnsustainable, for who? Not for wealthy people, that's for sure... and in a capitalist society, people without money don't count...
- renewedrebecca 3y agoIt's unsustainable because that situation tends to end in violence.
- gary_0 3y agoDoes it? Currently, 850 million people worldwide suffer from lack of food. Billions of people scrape by with a standard of living far below what middle-class Westerners enjoy. There are dozens of countries suffering from mass poverty where the situation isn't significantly changing. For the most part, average citizens just put up with it, and power structures in most countries remain entrenched. In the West, things are getting worse, but it's a long, long way down to the levels of mass poverty that might cause civil unrest. And so long as the wealthy and powerful remain well-fed, well-armed, and well-organized, they have a huge advantage over any number of desperate poor people.
- ChuckNorris89 3y ago>or the most part, average citizens just put up with it, and power structures in most countries remain entrenched. Exactly. No matter how bad it gets, most people either try to emigrate if they can or just put up with it if they can't, since living a poor life is better than revolting against the government and getting yourself shot or imprisoned. I fee like revolutions and toppling governments are mostly a thing of the past, at least in the western world.
- cvccvroomvroom 3y agoWikipedia mentions Canada's real estate market subsidizes money laundering at the expense of raising home prices by 5%. The solution to real estate hoarding and criminality is occupancy requirements. Another problem is hoarding properties so there is less inventory to buy, pushing potential occupants to rent from literal rent seeking corporations. https://en.wikipedia.org/wiki/Canadian_property_bubble https://en.wikipedia.org/wiki/Canadian_property_bubble
- theironhammer 3y agoAnother problem is 40% of Federal MPs are landlords. The Federal Minister for Housing is a landlord. And the self-interest of present homeowners. It's now the landholders vs the landless. Hmmm...that's like a Feudal society.
- deleted 3y ago[deleted]
- goodpoints 3y ago[flagged]
- snoooowflakes 3y ago[flagged]
- Jemm 3y agoCanadian here. If I have $800,000 saved, and earn $150,000 a year I still could not buy a house in Toronto even with a maxed out mortgage. Pretty messed up situation.
- ChuckNorris89 3y agoWow, Canadians must be super rich. /s
- sneed_chucker 3y agoCould just move to upstate New York and buy a house in cash.