Lies, Lies, and More Lies from the Chinese Circus Carney and the CBC.

[CdnFox]

3 hours ago, taxme said:

Not in my books.

Your books then must be "The Chronicles of Narnia" Because in the real world that is how it works  

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There will never be any need for any developer to leave the country because of a lack of building houses. There will always be the need to have builders around to build homes.

They won't see it that way. You need to understand the risk and the challenges involved with building. They're not there to gamble their money. They want to see real return on their dollar and they won't if prices are at risk. It takes two to three years to complete a housing project if you know for a fact that there will be less demand at that time why in god's name would you build?

 

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Maybe not as many, but so what.

I've told you so what. So the economy crashes. And not just because of the home building but for other factors as well but it would be very very bad

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It's only because we have brought in so many millions of unneeded and unwanted new immigrants that has caused the housing crisis.

Yes that's true. But that's like saying it's only because we jumped off the building that we're traveling so fast. All very accurate but you don't want to come to a sudden stop because that would be fatal. What you want is to slow down and come to a soft landing

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Before all of this housing crisis nonsense began, there was no problem in building homes. We just built fewer homes but at least homes were affordable. Now it is bloody ridiculous thanks to massive immigration. My opinion. 

We didn't actually build that many fewer homes back then.  But we had a lot more growth from natural sources. Have a look

Canada: fertility rate 1860-2020| Statista

And remember it's those kids born in the 50's and 60's that were buying homes in the 80's and such. 

 

But the biggest problem is the growth in bureaucracy. I remember that houses and apartment type structures built in the 70s and 80s would be completed within a year year and a half of getting the go ahead. And the cost to do it was next to nothing as far as the bureaucracy went.

Nowadays it takes about 3 years to complete a decent townhouse project. Sometimes more. And because of how they have changed things the Developer won't be able to get the money from the bank to build it until they have pre-sold about 70% of the project which delays things further. On top of it all they have to pay taxes on every home they build until they sell it, so they can't afford to build a home and then sell it afterwards they can only build when they know that somebody is going to buy that home day one so they don't have to pay taxes on an empty space.

All that means Is that they have to guess what housing prices are going to be 3 to 4 years down the road or at least two years down the road when they begin the pre-sales to see whether or not they're going to make a profit now

About 60% of the cost of a home is in the cost of various levels of bureaucracy and reports and engineering surveys and legal fees and so on. And the time to complete is enormous

 

When you look at all the factors the way that everything is designed currently developers cannot possibly build enough homes to satisfy population growth because they can only build to the population needs as  it is in the immediate future, they cannot build in advance or in speculation of what the population is going to be

So if they know the population isn't going to grow at all they aren't going to be interested in building. If they are stuck with homes they can't sell the entire project may fall apart, they may not get funding for it to complete it, they will probably go bankrupt and they will owe tax money on all of the homes that are finished but not sold

 

You have to address all of that if you want to build enough homes. The only other choice is to have negative population growth and reduce the size of our population and that is absolutely devastating to the economy right now and very bad for a country like Canada that has so few people in it to begin with. You exercise power in this world by being a significant market size and our entire market size is only that of California. We can't afford to be going the opposite direction

[taxme]

1 hour ago, CdnFox said:

Your books then must be "The Chronicles of Narnia" Because in the real world that is how it works  

They won't see it that way. You need to understand the risk and the challenges involved with building. They're not there to gamble their money. They want to see real return on their dollar and they won't if prices are at risk. It takes two to three years to complete a housing project if you know for a fact that there will be less demand at that time why in god's name would you build?

 

I've told you so what. So the economy crashes. And not just because of the home building but for other factors as well but it would be very very bad

Yes that's true. But that's like saying it's only because we jumped off the building that we're traveling so fast. All very accurate but you don't want to come to a sudden stop because that would be fatal. What you want is to slow down and come to a soft landing

We didn't actually build that many fewer homes back then.  But we had a lot more growth from natural sources. Have a look

Canada: fertility rate 1860-2020| Statista

And remember it's those kids born in the 50's and 60's that were buying homes in the 80's and such. 

 

But the biggest problem is the growth in bureaucracy. I remember that houses and apartment type structures built in the 70s and 80s would be completed within a year year and a half of getting the go ahead. And the cost to do it was next to nothing as far as the bureaucracy went.

Nowadays it takes about 3 years to complete a decent townhouse project. Sometimes more. And because of how they have changed things the Developer won't be able to get the money from the bank to build it until they have pre-sold about 70% of the project which delays things further. On top of it all they have to pay taxes on every home they build until they sell it, so they can't afford to build a home and then sell it afterwards they can only build when they know that somebody is going to buy that home day one so they don't have to pay taxes on an empty space.

All that means Is that they have to guess what housing prices are going to be 3 to 4 years down the road or at least two years down the road when they begin the pre-sales to see whether or not they're going to make a profit now

About 60% of the cost of a home is in the cost of various levels of bureaucracy and reports and engineering surveys and legal fees and so on. And the time to complete is enormous

 

When you look at all the factors the way that everything is designed currently developers cannot possibly build enough homes to satisfy population growth because they can only build to the population needs as  it is in the immediate future, they cannot build in advance or in speculation of what the population is going to be

So if they know the population isn't going to grow at all they aren't going to be interested in building. If they are stuck with homes they can't sell the entire project may fall apart, they may not get funding for it to complete it, they will probably go bankrupt and they will owe tax money on all of the homes that are finished but not sold

 

You have to address all of that if you want to build enough homes. The only other choice is to have negative population growth and reduce the size of our population and that is absolutely devastating to the economy right now and very bad for a country like Canada that has so few people in it to begin with. You exercise power in this world by being a significant market size and our entire market size is only that of California. We can't afford to be going the opposite direction

We need a moratorium on immigration for all the problems that are plaguing Canada today. From housing, Medicare, social services and even crime are going to bankrupt us all because of the millions of new immigrants brought into Canada in the past seven years. Builders are not going to leave because of a few less houses being built. Builders will have plenty of homes to build in the near future. No jobs are going to be lost. Just saying. 

[CdnFox]

1 hour ago, taxme said:

We need a moratorium on immigration for all the problems that are plaguing Canada today. From housing, Medicare, social services and even crime are going to bankrupt us all because of the millions of new immigrants brought into Canada in the past seven years. Builders are not going to leave because of a few less houses being built. Builders will have plenty of homes to build in the near future. No jobs are going to be lost. Just saying. 

I get that you think that. But that is as simplistic a belief as the liberal belief that we need millions of immigrants to solve the same problems.

If you do a little research and digging with an open mind you will find that he moratorium on all immigration would basically destroy us economically at this point in time and Canada would become an impoverished nation that couldn't even provide its people basic services. We would not be able to fill our jobs, we would not be able to care for our elderly, our economy would fall apart, we would have no tax base, we would become a bottom tier country and the only value we would have would be our material assets like oil and minerals and wood which others would buy for dirt cheap

And I'm not even kidding, it would be disastrous. We currently have a 1.3 fertility, which means we're not even remotely coming close to replacing ourselves so what you would be talking about is a severe negative growth in population and we just simply cannot survive that at this point in time

 

Like with most things the answer is in moderation. We definitely need to severely cut back on immigration. That is true. But not to the point where we cut it off, it should be at or a hair below what are increased capacity rate is for housing and medical services etc. Then we stimulate those things and try and get to a point where our growth in those two areas are actually slightly ahead of immigration rather than significantly behind it. Over time that will resolve our issues

[taxme]

16 hours ago, CdnFox said:

I get that you think that. But that is as simplistic a belief as the liberal belief that we need millions of immigrants to solve the same problems.

If you do a little research and digging with an open mind you will find that he moratorium on all immigration would basically destroy us economically at this point in time and Canada would become an impoverished nation that couldn't even provide its people basic services. We would not be able to fill our jobs, we would not be able to care for our elderly, our economy would fall apart, we would have no tax base, we would become a bottom tier country and the only value we would have would be our material assets like oil and minerals and wood which others would buy for dirt cheap

And I'm not even kidding, it would be disastrous. We currently have a 1.3 fertility, which means we're not even remotely coming close to replacing ourselves so what you would be talking about is a severe negative growth in population and we just simply cannot survive that at this point in time

 

Like with most things the answer is in moderation. We definitely need to severely cut back on immigration. That is true. But not to the point where we cut it off, it should be at or a hair below what are increased capacity rate is for housing and medical services etc. Then we stimulate those things and try and get to a point where our growth in those two areas are actually slightly ahead of immigration rather than significantly behind it. Over time that will resolve our issues

What is wrong with encouraging our own Canadian people to have more children. All that is needed is to give incentives to Canadians to have more children. Pay them to have children. The more a couple has children the more money they will get. Trump has suggested paying any couple $5,000.00 for every child a couple has. I see plenty of Canadian couples with three or more children. A little more encouragement, and Canadians will have more children.

We do not need millions of new immigrants at all. We just need to make more easy to have more babies in Canada. We can get the money for that just by eliminating programs like foreign aid, as an example, which runs into the billions every year. Our fertility rate could or should go up if we give it the old college try. Hey, we never know. 

The death rate in Canada is approx. 330,390 every year. The birth rate in Canada is approx. 357, 903 every year. If that is the case what is with all of this massive third world immigration? I think that we are going to have a population growth problem, and not a fertility problem. As one liberal cabinet minister once said many many decades ago pretty much for every person that dies in Canada, another person is born. In approx. 7 years our population has grown by approx. 6 million. I believe that there is something behind the scenes going on in Canada with all of this third world massive immigration going on. We do not need all of those millions of new immigrants which is causing great chaos and havoc to our medical and social services and infrastructure and the environment. A moratorium is required now. Just saying.