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Originally Posted by EastVanMark
You noticed that did you? It’s funny how that works, isn’t it?
Must be a coincidence I’m sure
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I love how even with less than 1% foreign buyers after the tax people will still blame foreign buyers, with less than 2% empty homes they will blame empty homes, with statistics showing flipping is rare with little impact on prices, and with expert opinions saying speculation plays little role, people will still continue to ignore the root causes and cast blame. No one accepts that prices went up because of economics. No one accepts that they were idiots for not buying when the market was cheap. Where everyone said it was smart to invest in a home. Instead there's corruption, illegal money, foreigners, etc. No one looks at statistics or research, instead they read propaganda that gives no numbers, statistics or research. And everyone that disagrees is of course part of the conspiracy. I cite the below but I know you will deny it and cover your eyes while screaming its foreigners and speculators! Believe it or not I want prices to fall. But through the right methods, right now we're just adding taxes ontop of taxes in an effort to kill our economy without addressing our supply shortage. Maybe you'll insult me and say I am part of some conspiracy to keep prices high or the sources I cite are bad. Despite the fact that the guy who is writing it was "co-author of Public Money Private Greed, a best selling book on the a major Canadian real estate scandal surrounding the collapse of three Ontario trust companies in 1982"
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CMHC concluded that the urban housing markets in Toronto, Vancouver and other cities are in the grip of dynamic geographic and economic transformation brought on by local, national and global trends that, in the end, require more research.
Instead of trying to sort out the mysteries behind Vancouver’s housing sectors, the Globe came up with an attack on real estate developer practices based on classic egalitarian themes and the populist belief that prices are somehow rigged and manipulated by insiders and other grifters.
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The idea that flippers are messing up the market and depriving people of affordable housing is unsupportable
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https://business.financialpost.com/o...ure-flapdoodle
Honestly there are a lot of similarities between current propaganda and the Nazi propaganda machine which blamed the Jews for the bad economy.
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The people were looking for someone to blame, a way to recover and a way to forge ahead from the economic crisis at hand... Regardless of the campaign chosen, a sacrifice needs to be made:
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"Adolf Hitler, the leader of the Nazi Party, used his profound oratory skills to manipulate the German people into following his regime’s propaganda. The people were looking for something to improve the economic situation caused by the depression. The Nazi Party had a great propensity to purvey “mythical nationalist beliefs”; in 1933, they began deliberately blaming the Jewish population for the economic disparity in Germany (van Evera, pg. 8). The fact that the Jewish population was targeted as scapegoats would now be seen as blatant prohibited discrimination; however, the Nazis persuasively qualified their argument. The Nazis told people to blame the Jews because many Jewish citizens were still wealthy while everyone else was monetarily suffering, using economic inequalities to agitate relations between groups. This began to fuel the anti-semitism that the Nazi Party endorsed. Another reason to blame the Jewish, as advertised by the Nazi party, was their collective refusal to fight in World War I, argued to have caused ergonomic depression in Germany. In a state of ubiquitous anxiety, the once disjointed Germans unified under a government that provided comfort and security, a new state that would take control and help Germany become a rising hegemonic power. This newfound nationalism was built around a common enemy: the Jewish people. The people were blinded by these newly instilled nationalist beliefs, coerced by their superiors to believe that the Nazi way was the right way. The government was telling the people to represent and preserve national interest first and foremost...the people followed their government whole-heartedly because their faith in their previous government, the government where they had lost their possessions and valuables, had been compromised. "
https://www.mtholyoke.edu/~ghost20j/...tionalism.html
And just to help prove my point, look at what happened to prices after the foreign buyer tax, they went down for a bit then right back up again. The only reason prices are a bit down now is increased mortgage rates which has been seen across the country, not any rules or taxes. If anything housing is less affordable than when we started pre-tax just because its much harder to get a mortgage.
All I can say is, if your not familiar with economics or the statistics, can you just shut up and go read up before screaming that someone/something is to blame? Ty.