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It will if immigration is controlled and purchasing of properties by commercial interest is regulated to make sure people can live affordable before companies b
by LegitShady 2y ago
It will if immigration is controlled and purchasing of properties by commercial interest is regulated to make sure people can live affordable before companies become landlords.
It's not a problem with building it's a problem with everything but building.
- TaylorAlexander 2y agoI suspect the purchasing of properties by commercial interests is probably by far the dominant factor here, with immigration having a minuscule effect in comparison.
- LegitShady 2y agoIt depends where you live. In canada net migration is many many many more times the building of houses, and impacts the demand for houses incredibly. It also spurs commercial buying of houses - if immigration isn't high you might lose money on a house, but if immigration is high and supply is much lower than demand, you're going to make money on rent and then make money on the property too. People who bought houses previously made much more than is possible to make by selling your labour.
- TaylorAlexander 2y ago> In canada net migration is many many many more times the building of houses Okay but that doesn’t say anything about immigration versus commercial land ownership, which was my point. You’re saying immigration influences house purchases and I don’t disagree, I’m just questioning the magnitude of that effect compared to commercial land ownership.
- LegitShady 2y agocommercial home ownership is made less risky and more profitable if supply is far lower than demand, which is the case with overwhelming immigration and a housing construction sector not able to keep pace with immigration.