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1 year, 1 month ago @CalCalCal6996 Quick note for non-Canadians (or just Canadians who don't know). When he says a majority of the nation are homeowners that's kind of not what the data says. It defines homeowner as someone who lives in a house which is owner occupied. So for example, an adult child who can't afford to rent their own place and is stuck living in their parents basement is a homeowner. I can tell you right now they don't feel like a homeowner. 1021 bG6-JX_iYQM
1 year, 1 month ago @umbrellacorpsecurity6511 Canada is starting to stink like curry 0 bG6-JX_iYQM
1 year, 1 month ago @camobuff Trying to get out here boys im going to Italy 0 bG6-JX_iYQM
1 year, 1 month ago @mryan3123 Economics, unlike other studies like mathematics or medicine, is haunted by more fallacies than all the other studies, combined. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousand-fold by special pleading of selfish interests, and it looks like the special interest in this case is click bate for a greater revenue from YouTube. 4 bG6-JX_iYQM
1 year, 1 month ago @guillaumefortina1209 It takes 6.5 years in Vancouver for a real-estate developer to get a building permit approved. The result = housing shortage and housing crisis. The explanation = a mix of elected city officials being incompetent and caving in to pressure from wealthy local residents who don't want their real-estate portfolio value to go down (hence they don't do everything they can to fast track building approvals). 14 bG6-JX_iYQM
1 year, 1 month ago @snowjack1-u4y Canada will be taken by force. Whatever sacrifice we have to make will be paid back several times by the nation’s wealth of natural resources. Empires are back in style, and the whole third world is on the table, Canada included. 0 bG6-JX_iYQM
1 year, 1 month ago @CalCalCal6996 It's honestly kinda terrible here, dual income families who make 100-150k a year are in a position where they can not rent a reasonable place and also can't afford to buy. It makes no sense. I want to leave but then I'd lose my job. 0 bG6-JX_iYQM
1 year, 1 month ago @OkAtheistExplainVim Our city governments need to liberalise the housing market, in most cities across Canada it's illegal to build anything other than single family homes. When the developers eventually do push through a multi family building, they have to build a mega tower to offset the costs of the often 2 years approval process. Which makes people hate development more 4 bG6-JX_iYQM
1 year, 1 month ago @youtubechannels9205 Annex Canada, they are useless eaters. 1 bG6-JX_iYQM
1 year, 1 month ago @Merle1987 Canada's doing so bad, and there's some indication the public has forgotten the source of its problems, which is even more disturbing. 2 bG6-JX_iYQM
1 year, 1 month ago @FalloutUrMum Things in Canada aren't just expensive because of investments into real-estate. They're expensive because of high taxes, regulations, and inflation 0 bG6-JX_iYQM
1 year, 1 month ago @adcaptandumvulgus4252 Well it's dysfunctional enough to fit right in with the US almost like they're meant to be 0 bG6-JX_iYQM
1 year, 1 month ago @plasticpalace Just needs a few million more Indians than everything will work itself out. 0 bG6-JX_iYQM
1 year, 1 month ago @treeborne Who wants to live and have children in a country that costs more than New York and will look like Mumbai in 40 years. Waste of a once beautiful country with nothing but opportunity in the resources sector. 1 bG6-JX_iYQM
1 year, 1 month ago @MAC-vi7fy We Canadians are just alright. 3 bG6-JX_iYQM
1 year, 1 month ago @MAC-vi7fy Meanwhile me in Canada, what’s so bad bud? 3 bG6-JX_iYQM
1 year, 1 month ago @Jawshuah CANADA IS FAKE COUNTRY 0 bG6-JX_iYQM
1 year, 1 month ago @DDP1991 The difference between Canada and Spain is that they don’t have a sovereign currency. With debt dominated in the Euro they couldn’t as easily print their way out of the problem. I’d be willing to bet that the government inflates the dollar away before they allow a major housing crash or long term decline. Either way we’re cooked ? 5 bG6-JX_iYQM
1 year, 1 month ago @CaptCanuck4444 Cool. So what countries are notably better places to live then? Name 10.\n\nPeople come to Canada because it is a great place to live. 6 bG6-JX_iYQM
1 year, 1 month ago @thomasclifford3436 Never going to be a state… 3 bG6-JX_iYQM
1 year, 1 month ago @iamtired4974 Canada, the liberal hellhole. Where getting cucked is mandatory by law and criminals have more rights than victims :) 2 bG6-JX_iYQM
1 year, 1 month ago @Akutabai5 I didn't realize that our northern neighbor was a bagel ? 1 bG6-JX_iYQM
1 year, 1 month ago @JC-PSC They have started loosening zoning laws in many cities across Canada two years ago. I have noticed discounts to new homes in my area and some used homes started to go down in values. Even as a home owner, I still hope housing values go down. It will make it much easier to move into a nicer neighbourhood or into a larger home if life requires it. 18 bG6-JX_iYQM
1 year, 1 month ago @danmcnerney7886 That is because print on a piece of paper does hold value by itself. 0 bG6-JX_iYQM
1 year, 1 month ago @001sander2 Asset inflation encourages less wealth creation and more wealth extraction. 7 bG6-JX_iYQM
1 year, 1 month ago @znorthernsoulz I'm tired of Canada being compared to the US and no one else. Yes, the US is more productive, richer and powerful than Canada, everyone knows that. But they're also all those 3 things to every other economy in the world! Don't stop comparing Canada to the US, but for god's sake, could you throw in some European and Asian countries too? 1 bG6-JX_iYQM
1 year, 1 month ago @martinwillms9545 Canada has many problems and disadvantages which will need to be determinedly addressed in the coming years. However, we have one key advantage over our friends to the south, and one I hope that over time this will increasingly bear fruit: we are not governed by a fascist-adjacent government. Our only political party with policies resembling the American Republicans is polling in the low single digits.\n\nSetting aside the question of whether American Republicans are 'fascist-adjacent', the truth is that much of the world perceives it as such. Our economy is so tied to the US that I would not wish them ill, or at least not very much. However, I think in the competition for talent American politics will be like a 'mark of Cane' on that country for a generation. My guess is that our - in comparison - boring politics will be a key advantage in the years to come. 5 bG6-JX_iYQM
1 year, 1 month ago @shelbzillathrilla Canadians, like most developed people, are socially isolated and too busy working to make sense of anything. Most Canadians are on partisan autopilot and fundamentally confused about most things.\nHuman civilization has not solved food or energy scarcity. Nothing we are doing is sustainable. So all of our rivalrous dynamics are downstream from these profound vulnerabilities. 4 bG6-JX_iYQM
1 year, 1 month ago @RobertRoberts-f4i You missed the fentanyl money laundering that occurs in Canada's housing - No questions asked houses paid with cash from fentanyl profits. 1 bG6-JX_iYQM
1 year, 1 month ago @C.Fecteau-AU-MJ13 As an Australian who was born, raised, and has returned to VicDanistan... It's been a humiliating few years.\n\nBut when that same man's story has the added context of the fact that I happen to be here as a result of the path my (late) father took, coming here from Thunder Bay Ontario... The region our family had been in since the 17th century... and ironically live in Canadian, Victoria (so named due to the unknown Canadian killed in the Eureka Stockade).\n\nWhen I consider all that, it often feels as though the simulation is just trying to make jokes. \n\nBut I can assure you, it's not a life story that's easy to get behind, or laugh at. The maple leaf or even the southern cross are no star spangled banner, not in this current year, that's for sure. 0 bG6-JX_iYQM
1 year, 1 month ago @Malikar001 At 0:58, you completely ignored NIMBYism (which I call BANANAism, for Build Absolutely Nothing Anywhere Near Anything), over taxation, bloated government and over regulation. I suspect it comes later in the video but at least open with the most important problems! 2 bG6-JX_iYQM
1 year, 1 month ago @beeharder As a Canadian this is all true! The worst part is Canadians are not talking about this and like a frog being boiled alive we won’t know we are dead till it’s too late. 83 bG6-JX_iYQM
1 year, 1 month ago @SithStudy Kalergi plan Canada edition 0 bG6-JX_iYQM
1 year, 1 month ago @buffgarfield5250 Canada is a hotel for rich foreigners and baby boomer slave plantation. 0 bG6-JX_iYQM
1 year, 1 month ago @zollen123 If US want to compete with China, I would have thought US needs their allies, not antagonizing them. 5 bG6-JX_iYQM
1 year, 1 month ago @zch7491 I bet the original video was taken down because of a mistake by a DEI hire... 0 bG6-JX_iYQM
1 year, 1 month ago @LuKo3x5066 Claiming that rising house prices is like claiming 200 years ago that rising prices of shoes is good, because nearly everybody has a pair and it's good investment which keeps elder population safe from poverty. 12 bG6-JX_iYQM
1 year, 1 month ago @Rich_Malaka As a Canadian, I would really want to become the 51st state so I could stop using these Trudeau pesos. 0 bG6-JX_iYQM
1 year, 1 month ago @clintkrum Boomers in Canada are very nimby thus making housing so much harder to build, leading to younger generations emigrating to other countries like south of the border. Also eating up lands zoned to industrial, and thus making industrial rent more expensive to the remaining patches of land available on city outskirts. \n\nMaybe it’s time to review the policies overall. Canada has been treating its older generations like kings, with their large lawns and healthcare which they frequently use…while younger generations and immigrants work like a slave. 0 bG6-JX_iYQM
1 year, 1 month ago @Maplegladio There is no way you can cover the economic situation of Canada in 14 minutes. \n\nThe housing crisis is actually caused by a 1982 change in a public policy about financing housing and specifically to move away from public housing to have a strictly financing the mortgages \n\nThis means that when we had the 2008 housing collapse banks for completely bailed out with no public input compared to the United States 4 bG6-JX_iYQM
1 year, 1 month ago @kevinlachapelle4563 Canadas “check engine” light has been on for awhile now.\nThe status quo clearly isn’t working. 4 bG6-JX_iYQM
1 year, 1 month ago @matthewsemenuk8953 The authoritarian said that the budget would fix it's self. 1 bG6-JX_iYQM
1 year, 1 month ago @nickmezei2118 Can confirm de-industrialization is a horrible idea here in Canada 64 bG6-JX_iYQM
1 year, 1 month ago @JohnSmith-kw6be The pattern that we keep seeing over and over is to stop making the essential of living like housing an investment or everyone will get hurt by it. 5 bG6-JX_iYQM
1 year, 1 month ago @xsvforce3335 You should be more concerned with median income or statistics that omit the top 1% as that is the reality the vast majority are living. In 2021, Canada was top 5 in the world in median disposable income. Finally, the US’s financial services and healthcare are big contributors to the US GDP while both have their problems (financial services don’t make the lives of the general public any better and US healthcare is incredibly inefficient). So, comparing the GDP of these countries is not a fair comparison. 11 bG6-JX_iYQM
1 year, 1 month ago @shatter382 I feel like this is very similar to the UK, certainly where the UK is going 2 bG6-JX_iYQM
1 year, 1 month ago @savage4398 Interesting video, but don’t call us the 51st state. 10 bG6-JX_iYQM
1 year, 1 month ago @tokkiM3 We are still in the good times making weak men. The hard times have not even started yet, but they are coming. 3 bG6-JX_iYQM
1 year, 1 month ago @kevnev342 Boomers and woke policies are adamant in destroying Western civilization. 0 bG6-JX_iYQM
1 year, 1 month ago @ricardosilva-xz1yt Frankly i just hope some one in europe pays atention to this... 2 bG6-JX_iYQM
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