Billions in 'unknown' funds flowing into Canada's housing market [video]

Re:Billions in 'unknown' funds flowing into Canada's housing... by obiwanpallav1 on Friday July 30, 2021 @12:59AM (#28004633)

This[1] video by ColdFusion talks about a similar problem in the US in which Housing market is now being seen as the next big bet by the Wall Street Firms.

In this scheme, a common man will not be able to buy/own any house but they can only rent it. It will be very similar to SaaS model in which Houses will be provided as a service.

1 - https://www.youtube.com/watch?v=gu4tC3px6mc

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Re:Billions in 'unknown' funds flowing into Canada's housing... by CTDOCodebases on Friday July 30, 2021 @03:47AM (#28005508)

Agricultural land is being bought up too. Small farms are being bought up by big agricultural firms.

Bill Gates and Michael Blurry (big short game) are heavy invested in agricultural land.

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Re:Billions in 'unknown' funds flowing into Canada's housing... by yodelshady on Friday July 30, 2021 @07:15AM (#28006723)

I don't know about other western countries but in the UK, homeowners are the election-winning group, and are considered a moderating force - being both workers and investors.

Lacking that group is going to have some interesting political consequences.

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Re:Billions in 'unknown' funds flowing into Canada's housing... by monkeynotes on Friday July 30, 2021 @08:37AM (#28007284)

Those same waters are being tested in Canada too: https://www.cbc.ca/news/business/core-home-ownership-column-...

It's very depressing to see all the ways that society is breaking down.

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Re:Billions in 'unknown' funds flowing into Canada's housing... by toxik on Friday July 30, 2021 @02:16AM (#28004993)

Fortunately, this is pretty easy to ban.

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Re:Billions in 'unknown' funds flowing into Canada's housing... by TedDoesntTalk on Friday July 30, 2021 @03:36AM (#28005407)

How?

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Re:Billions in 'unknown' funds flowing into Canada's housing... by adflux on Friday July 30, 2021 @04:47AM (#28005852)

Taxes, relax zoning laws, subsidise building of housing.

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Re:Billions in 'unknown' funds flowing into Canada's housing... by duemti on Friday July 30, 2021 @08:21AM (#28007164)

"Taxes" The classic an all-answer and all-solver of ignorant people. Bigger government is what you are saying.

Every time it only burdens the working class; the poor just want things gifted to them; the rich get richer. A 2v1 game.

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