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stop complaining if you can't afford to buy a home. just work harder. |
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If you immigrate to Canada when you are say 50 years old, and die at 70, that is only 20 years of paying general tax. If this immigrant doesn't work because they don't need to, they don't pay any income tax and because they don't have any income, they can/may abuse our public social policies like income assistance, tax rebates, and medicare without contributing their fair share back into the system, while not being actually in need of these services due to their financial background. Our parents who have grown up here, my generation who have grown up here, will be working and paying income tax plus general tax on say 40-50 years worth of work, and maybe another 20 years after we retired so we are paying 60-70 years worth of tax; we are contributing to these social systems which we will eventually need to use. To everyone who just says "work harder to get what you want", I agree with you guys. But there comes a point regardless of how hard you work, you cannot catch up to the what foreign money (and drug money in Vancouver's case) has done to inflate the prices of different things. Those in our generation, and our parents, who were lucky enough to cash in on the real estate boom will be set for life (if the market doesn't fall out). At this rate, I feel bad for my future kids, I'm probably going to have to house them until they are 40 years old where they will then need to pay down their mortgage for the rest of their life. |
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What about people who work and live in Ontario paying medical premiums all there lives but when they retire the move to B.C. Now they are using our hospitals and they have never paid medical premiums in B.C. |
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Work Harder or move somewhere else just seem like easy cop out answers for this diversification problem we have over here. Im lucky I am able to still work hard and afford something, but if the trend continues and real estate continues to skyrocket faster than wages; when will we reach a point when working hard doesn't work anymore? There's poor people in many countries that work harder and longer hours all their lives and are not able to buy anything because the gap between the rich and the poor is so large. I believe if we continue to let mostly one type and class of people to buy up all of Canada the same will happen here and the middle class will eventually disappear. Moving somewhere else just seems like running away from the problem, eventually the problem will be so large and fast it wont matter where you run too. What happened to Canada being about multiculturalism? When did we all decide it was ok to just let one class of people handle most of our land? This all seems great for the short economic term, but in the long term its welcome to Chinada. |
middle class is already slowly disappearing in China/HK. |
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Jesus fucking christ. I'm giving reasons why people (on rs) are not leaving. |
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My case in point was already stated. Rich well off family receives a quarterly $80 GST rebate because their family income level is below whatever the standard is set at now. They drive a Bentley, Lambo, Cayenne, and the S600 is probably the winter beater. They most likely live in a balled out house in the high end of the city. Do they qualify for this rebate based on the established rules? Probably. Just because the rules say they qualify, does not mean they should be claiming everything they are 'entitled' to? If you are ok with this scenario, then I am out of word (sic) |
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There are lots of issues with limiting who can own what and how much of it. As soon as you start making rules it becomes discriminatory. The prior example of Germany or Swizerland is kind of moot--smart local speculators would snap it up and resell within weeks for a small chunk more, or the buildings could be priced out of a typical local price range to wait for foreign speculators. And if they aren't bought by foreigners they might be flipped for a premium pushing the prices up even more. There is no easy solution for this--vacancy taxes? If you don't rent an empty apartment, you'll be fined? How do you monitor what's rented on paper and what's rented in fact? Why do you punish someone who's bought a new house but hasn't sold their old one? There is no easy way out of it. Quote:
This is not fair, but this is not the fault of immigrants or people coming to Canada to live. This is a problem with the system, and it is something that needs to be dealt with at a systemic level rather than thinking of it as a "foreigner" problem. These kinds of lupolls make me wander why politicians don't work harder to close them for all taxpayers' sakes. Quote:
I'm all in favour for leaving the HST alone so that income tax on the lower brackets can come down proportionally. Much more equitable, I think. Shifts the burden of taxation to the purchasers of good rather than the low-income earners. Which isn't to say they pay a lot, but every little bit they can get taken off helps. Please understand that I am not trying to say that people who were born her or lived here before are entitled to anything more than anyone else. Nor am I saying that foreigners are destroying Canada and raping what my forefathers built or had built for them. I am simply trying to say that in Vancouver the scales are currently totally moving out of whack because of changes in the demographics that are coming, both to live and invest. |
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Now im just waiting for parm104 or apple_cutie to say theres nothing wrong with that either. |
All these people that complain about not being able to get jobs due to not being chinese... please tell me what exactly are these jobs you are trying to get? Most of the chinese speaking jobs dont pay very well nor do they have lots of benifits like most white jobs do. Quote:
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I find it a little wrong when people go to school, drive that shit and they're only like 21-22. It makes me wonder where the hell they get that kind of money, but can still afford school. However, I do agree with what Graeme says. The scales around here are tipping, and not exactly in a good way. |
Just a thought I had after reading a few posts...we Canadians often say to immigrants, "either adhere by our laws and customs or GTFO..." In this particular case, (the real estate topic), these Asian investors are indeed adhering to our laws and our customs. They aren't illegally obtaining property or wealth through crime or laundering, they're simply making legal investments...Yet we still tell them to "GTFO..." I love how we have a sense of ownership over our country and when something does not favor us, we look for things to blame other than our own system or our own personal misfortunes. People are making issues here over things that are LIFE...Wake up, this is how society works. There are rich people, middle class people, and poor people. Some people have the luxuries of owning nice cars and having lavish houses and going to school without having to worry whether or not they can afford the tuition. Why hate on them for that? How are they affecting you? It upsets you that someone is able to get a nice vehicle from their rich parents and not have to worry about finances? Well that's life, tough break...We work hard in life so we can have the best for ourselves and our families. After that, it all depends on your priorities and values. Some people value nice cars so they will go out and buy them. Other people value family vacations so they will enjoy fancy holidays and cruises. Does that make them bad people? Is it wrong for them to have those things? If your parents bought you an R8 and paid for your tuition, would you reject their helping hand and lavish gifts and go out and do it on your own? I think not... I am OBVIOUSLY not Chinese but I find it amusing that people continue to bring up the Chinese race as if it has ANY relevance to this issue or any issue being raised here. Form>Function noticed that the drivers of the two nice cars were Chinese, could it have been possible that the drivers of the two "beaters" were also Chinese? |
Please give me the name of the city in australia where I can ski/dh mtb/do watersports all in under a 1hr drive? Dont forget thats 3 mountains under a 1hr drive. Quote:
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^ Agreed. The lack of intervention from our "garvamentah" is the reason why money is flowing in faster than we can absorb and adjust. Don't like it? Talk to your MP/PM/whoever runs this mess. |
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Were only singling out the Chinese cause there the ones that actually have the money and (i hate to say it) are actually smart with there money |
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I know you're entitled to your opinion, and I respect it. I merely noted out the race as that IS the issue of this thread (Asian, more specifically Chinese). I have no real problem with them investing, it is their right to. It's like any random person investing in a summer home out in the Okanagan. However, what I do have a problem is the exploitation of the educational system we have here as RiceIntegra pointed out. He has first hand experiences and it trickles to the housing issue. Like using the education system for their benefit, then leaving, it's pretty similar to people buying up properties and having NO intention to live in them. But the education thing is besides the point of this thread. The way I see it, I pretty much agree with the last point Graeme made. Quote:
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How can any fault be placed on mainlanders or anyone else who have the money to buy property in Vancouver? The real issue is the government allowing this to happen. Any Asian Country that I can think of is extremely difficult to own freehold property unless you are married to someone from that country. The fact that many of these Mainlanders/Asians are "cash" rich gives them much more maneuverability than Vancouverites. What kind of people in North America do you know that show up to buy real estate with duffel bags full of cash? |
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Let's ban the chinks from owning land! And lets ban them from lending money to Canadians! And lets ban them from selling goods that Canadians consume! After all we white Jesus loving Christians did that to Jews over the centuries! Look how that worked out for us! |
The rich Chinese are buying up Canada just like twenty years ago the rich Americans buying up lands in China and setup factories there and abuse its labor. Karma is a bitch. |
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