Quote:
Originally Posted by YOWetal
But back to the topic in terms of electoral politics. Does bringing in a million unskilled fake students harm young people disproportionately absolutely. It lowers entry level wages and stopped a rent and housing crash which would have benefitted younger people and hurt boomers and older Millennials.
If you think the Cons are going to let the market crash because well I have a bridge I can sell you. If you think stopping government spending will bring down interest rates and stopping the "gate keepers" will allow lots of new cheap housing without the aforementioned crash well sure. Housing is plenty affordable in Italy and other places with absolutely horrendous youth unemployment and let's see where it's better to be a new grad.
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This is where debate becomes tedious.
"If you vote for Team Blue, Canada will turn into Italy-lite and the housing market will crash." Really? That's the bogeyman we're trotting out? There's so much pent-up demand that high(er) interest rates haven't really dented housing. To get back to 2015 levels of pricing would require huge supply to hit the market (not happening), a mass deportation of people (doing the opposite now), or much higher interest rates (unlikely given 5% BoC rates are producing screaming).
"If you re-elect Team Red, all will be sunshine and rainbows." Except for the fact they've presided over the largest housing inflation and labour-busting immigration scheme in recent history.
It's just so simplistic and tiring.
There's actually a middle ground here. It looks like immigration levels of the 2010s, combined with pro-development housing policy, and limits to the amount of debt people can take on. I don't think the Conservatives have a magic bullet FYI, but I see why those who've been shafted by Team Red's history are looking elsewhere. Either you take your chance with the new guy, or vote for more of the same.
Generally governments are authors of their own demise. If this is the tack of pro-Team Red, maybe they deserve to lose. President's Xi's "Eat bitterness" slogan might work, but perhaps a more 2020s-media friendly "Hey younger Canadians, eat avocado toast. We got ours! #teamred." on Twitter might be appropriate.