Why do people honestly hate capitalism so much now?

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Because it leads to greed and keeps people poor. Everyone wants more more more and it's never enough. Lot of bosses are as*holes and treat their workers unfairly. Many get underpaid. Landlords are greedy because it's all about profit than just giving people homes to live in. No I am not saying they should live rent free, the greedy bastards just raise the rent on you until you're homeless and they don't care.

The more companies push, the more I dig in my heels and refuse to give them more money. Some games are like this. The companies push for money. But if you don't have a choice when it comes to necessities, this is a different story. I cancelled Netflex because I didn't need it and they got greedy. Inflation is just an excuse.

Because in Chinese investment culture a new never lived in home is worth more money than a "used," lived in home. They buy up several condos at a time, an entire floor or whatever, and just leave them sit empty to appreciate over time while storing their $ out of China where the CCP can't easily take it.

Chinese also have an investment culture of buying additional homes as investments vs. other vehicles like stocks or bonds or gic's or etfs etc - basically, only real estate. And since there are so many Chinese people with extra money to invest, they've pumped it into real estate all over the world. It's just that Vancouver happens to be one of the darling cities that they were really able to pump money into with little oversight - by some estimates $5B/year.

Airbnb: It is physically impossible to build enough housing fast enough to keep up with the empty condos & mansions required by Chinese investors AND have enough stock for tourists who want to come here during the Summer months AND somehow magically also have homes for local people to live in. Space/land constraints, time/materials/labour constraints etc. Airbnb has a few little regulations imposed on them now like people requiring a permit etc, but the whole idea needs an overhaul when it's not people just renting out a spare room in their home, it's mostly entire homes removed from the rental market to put on Airbnb for higher short term rents. If every licensed hotel/motel room and proper BnB's in the region are booked solid, then guess what, you'll have to book your vacation for another time if there's nowhere to stay. Total BS that such huge numbers of homes can be shifted in use over to Airbnb while working people are sleeping in cars because there's no homes for rent.

Would be nice, but it's been generations of poor people having kids financially ready or not. People had several kids during The Great Depression years, even.

It does tend to be poorer neighbourhoods where you see more young people with babies, and somehow they make it work and survive. Although I think there are a lot of malnourished kids, even right here where I live.

If there were some sort of rule/expectation that people Had To follow that they must have a living wage/wage to support a dependent or two dependents (mother & child) before having kids, what would that wage be ?

According to this, a living wage is the wage required for two working adults to support a family of 4. (2 kids) By their calculations, they say $24.08 is the wage in 2022, so approx $48k gross income per parent for a total of $96k/year. That's up approximately 25% from the year before in 2021. For one thing: $96k gross for 4 people is survivable, but I dunno what they call living.. that's no longer very much money. Might allow for one parent to drive a cheap car, but if both drive to work then holy that's really killing the budget. Might just account for both having a bus pass. $96K is great for one person, but 4? Jezuz.. not these days.. especially when what's considered a living wage hops up by 25%/year -> hint: people aren't getting 25%/year raises! So, as costs spiral out of control, more and more people are working class poor just barely making it paycheque to paycheque.

Blah blah, might be nice if Both parents had a skilled labour wage/salary or higher, but even then there are families with far greater than $96K incomes struggling to pay rent/groceries/utilities. Hard to say what a number would be to actually be able to comfortably afford to live anymore -> which is why a lot of people are simply not having children anymore. Birth rates are declining because educated intelligent people know that the cost of raising kids is so astronomically expensive so they're choosing education, entertainment, travel and other things instead of kids and families. Some are moving away to start families, and others, mostly poor.. are just having kids anyways and winging it with low incomes, foodbanks, reliance on parents/grandparents/friends/family etc.

Then there are collectivist cultures where 3 generations live in one giant house and the babies are well cared for.

It's a weird phenomenon to think about, but, I can see this city becoming like Japan.. tons of old people, almost no kids except for tourists. Then when there is a kid around it's a neat thing and people celebrate it, maybe dip into their pockets to treat the kid or help young parents pay for groceries etc. Really, truly. We've already had several elementary schools in the city close due to lack of kids to attend to school - while schools in my area of the suburbs are all bursting at the seams with too many kids because it's where people with kids can barely afford to live.

Everything is an example of freakonomics type stuff here. Wild extremes due to really stupid market forces.

I still think its very irresponsible to have kids if you cant reasonably provide for them money wise.The living wage or survivable income needed for a family would be different in each geographic area I suppose.I think its sinful and morally wrong to have kids if you cant provide for them as a parent.

So then what about all the religious folks that say kids are God’s will and people don’t get a choice when they have them ?? Maybe those people are meant to have kids in some sort of divine fate way.. I dunno.

Especially all those that preach birth control is a sin - no condoms or pills allowed. Okay, so do they also only expect rich people to have a sex live? Ffffff that lol I’ve had amazing sex with extremely poor people. Why shouldn’t people with no money be allowed to enjoy sex ? And if that comes with a surprise pregnancy then I guess it was meant to be.. and if it was a planned one, then w/e I guess they decided for themselves that rich or poor they wanted a baby to raise in this human experience lifetime. Who’s some other guy with more money to tell them they can’t prioritize having a kid in this life if they want ?

Didn't Canada ban foreign investors from buying homes there?

I agree with the Good Book when it says those who dont provide for their own household are worse than a unbeliever.

Does it say anything about greedy people paying too low of wages or charging too high of prices for things so families can’t afford to provide the necessities for their kids?

It’s not always about people making poor choices of how to spend their money. Plenty of people work full time and have to choose between shelter or heat or groceries etc.

Because they are economically illiterate (sorry for the strong word here but it's true). The thing is that we live in a world of scarce resources while at the same time there is an infinite amount of needs. So the question is which few resources we allocate to which needs and which needs do we let unacomodated, since the needs are infinite remember. Who gets to decide. There have been two approaches to this problem. One was the centrally planed economy run by a state bureaucracy that would decide how to evenly distribute resources to each and everyone of us, a top down approach. It's called socialism. It failed miserably wherever it was implemented, from the Soviet Union, to Maoist China, to North Korea and to modern day Venezuela (Venezuela had more refugees in the past few years than Syria did or Ukraine does because of the war). The other approach has been the free market where the individuals own property and engage in voluntary transactions of goods and services. Prices determine which resources are allocated to which needs. The invisible hand of Adam Smith. This has been proven to work -far better than the first approach at least-. So those who hate capitalism are hating reality basically since there is no better way of addressing the scarce resources/infinite needs problem. All of us we would love to live in a reality of infinite resources, but we don't. Deal with it.

Last edited by Dengashinobi on 15 Jan 2023, 7:50 pm, edited 1 time in total.

2 year ban that just came into effect January 1st And only applies to those who play by the rules.

If some rich guy wants to park his money here it will find a way via realtors and lawyers and smurfing or crypto etc.

But the ban might slow some things down - maybe. Rising interest rates and falling home prices might be more effective anyways.. so only a symbolic ban if market forces slow money from flowing anyways.

Yes. That's what they expect.

My favourite are the ones who say sex outside of marriage is a sin but also masterbation is a sin. So they seriously expect your first ever orgasm will happen on your wedding night.

The idea that poor people shouldn't f**k becomes even more concrete in cultures that practice polygamy. The entire population of women is married to the richest fraction of men, leaving the majority of men to be chaste and underpaid servants to the powerful and oversexed rich guys.

People who cant afford kids should never have kids in my opinion.There will always be poverty regardless of the economic system....It still does not change the fact that people who cant afford kids shouldnt have kids.Poor people who cant afford babies should not have relations in my opinion.But at the same time the Lord will provide in some way for kids that are born.But not everyone can make a decent living.I dont think the Bible mandates employers pay workers enough to live the American Dream.I dont think price gouging is a sin as long as its not against the law in a given jurisdiction.

Yeeeeah, let’s just say I disagree with most of that.

Next question: What if their finances were fine, they have a couple kids, then their situation changes - then what ? They shouldn’t have had kids unless they themselves are trust fund babies that don’t have to rely on employment income to pay bills ? MOST people are paycheque to paycheque working poor.

Then they should get on the Dave Ramsey plan.We can just agree to disagree.

OK - I don’t accept your logic here at all because it assumes all these Chinese billionaires are forgoing rental income, which doesn’t seem credible.

But even if we accept your logic - why is the vacancy rate in Vancouver so low?

Objectively, your beliefs are incorrect. But even if they were correct - just tax land.

This is not true. Vancouver has a highly regulated construction market. Cities with more liberal markets are not experiencing the same issues. Make it legal to build housing and you’ll start to build enough. Until you do, you’re siding with the people you claim to oppose and condemning yourself to high housing costs.

rumor about Vince selling WWE to S Arabia was a hoax , it sounded plausible tho '

A guy in Detroit bought a house for just 1k but restoring it was 40k tho