Quote:
Originally Posted by westopher
I'm certainly not an "immigants get out" kinda guy, but setting massive arbitrary goals for immigration so we can seem welcoming, without having any tiny piece of infrastructure in place, from housing, to hospitals, and so forth, means no matter what happens the housing will never catch up, and the divide will widen. Fucking developers are ditching projects due to interest rates and the BOC think these rate hikes will help.
If the government wants to do something, there will need to be MASSIVE investments in publicly funded housing.
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We can't tax the corporations more and we can't raise personal taxes too much either. The government is stuck between a rock and a hard place.
Even if governments become developers of public housing, you can't get away from hard costs such as materials and labour. I'm not sure if the majority of homeowning taxpayers are willing to subsidize the shelter costs of a growing minority of the population.
In the next 10 years, likely many of the lower end service and white collar jobs will be taken over by AI, negating the need for more TFW in the long-term. We're just in a transitory period.