• acargitz
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    21 hours ago

    If you’re worried about giving workers real power, the NDP is not for you.

    • maplesaga@lemmy.world
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      17 hours ago

      I don’t want more citizens when we have no housing and we have double digit youth unemployment. The NDP aren’t progressive if they do.

      • acargitz
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        15 hours ago

        These problems aren’t caused by immigrants no matter what the frothing-in-the-mouth Right wants you to believe.

        Little Quebec data point: the vast majority of immigrants move to Montreal. Guess where the housing crisis is more acute: the regions. Immigrants are not causing the housing shortage. Stupid car-centric city planning, NIMBY zoning, and the financialization of housing is what causes it. Read the CCPA report.

        Youth unemployment? At the same time when our healthcare system is buckling from chronic under-staffing? And at the same time when we are missing teachers, early childhood educators? At the same time when we are faced with a climate resilience crisis, a housing crisis, sectors that require actual trained labour? Gee I wonder if there are some solutions to that. Maybe some kind of, oh I don’t know Green New Deal, funded by the ridiculous wealth hoarded by parasites like Galen Weston over the past few decades of neoliberal orthodoxy?

        Immigrants are a rhetorical scapegoat, sold to you by demagogues who dream of bringing Trump style authoritarianism to Canada. We know exactly where that leads. No thanks.

        • maplesaga@lemmy.world
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          12 hours ago

          https://economics.bmo.com/en/publications/detail/fb3ff12e-3054-4c6b-befb-fe9d2fac77af/

          Is BMO far right?

          “or housing, this move will dampen price pressures and rents, all else equal (e.g., rate cuts and mortgage rules). That said, the sudden shift in TR inflows should clearly soften the rental market just as a torrent of supply is coming online in some regions (e.g., Toronto condos). Growth in average asking rent across Canada has slowed to just 2% y/y according to Rentals.ca, with outright declines seen in some markets. We’ve long argued that Canada has a housing demand problem. This policy change will be felt quickly, and will make other supply-side measures look almost like rounding error.”

          I feel like you people must be trying to gaslight, its an absurd premise to argue that additional demand doesnt raise prices on an inelastic good like housing, I cant even believe you are arguing in good faith.

          • acargitz
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            9 hours ago

            BMO is a seller of mortgages, and therefore heavily invested in the financialization of housing. About 15-20% of their assets are in residential mortgages and HELOCs alone. Of course they want to talk about anything EXCEPT the root of the problem that is literally driving their profitability. This is like bringing up a study from the oil and gas industry to argue that greenhouse emissions are not a problem. And just like Oil&Gas keep pushing an inefficient and outdated energy technology stack and standing in the way of common sense electrification, the real estate financialization industry is keeping Canadian capital in an unproductive and parasitic sector. Imagine if we instead used all that capital not to invest in inert land, but to build up the Canadian economy.

            Why is housing inelastic in the current system? Because it is not treated as a universal right, but as an asset. It is being hoarded by Real Eastate Investment Trusts who quite literally profit from maintaining scarcity. The solution is breaking the back of REITs and building non-market infill development across the country. Build the missing middle and keep it the fuck out of the profit-driven market, make it coops and public housing. Oh and guess what we need to do that. That’s right, workers, of which we have a shortage, so therefore …immigrants.

            Here’s what Avi Lewis’ platform has to say about housing: https://lewisforleader.ca/ideas/housing-full-plan

            If you call this “gaslighting” and “bad faith” argumentation, I honestly have no idea what you would consider “good faith” argumentation.