Couple that with social programs and you get redistribution of wealth to potential customers for multinational corporations.
Mass immigration is a subtle tax increase because it drives up property values, which increases property tax revenues for governments.
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plus mass immigration widens the gulf between rich and poor. people with $$$ buy up property and rent it, driving up housing prices. Then regular people can't afford a house... Then they cram in more people rinse and repeat.
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with the added benefit of conflict which drives up necessity for more police and more government regulations
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That's offset by renters who don't give a damn about the neighborhood because they don't own anything. Then we have creation of slums.
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yeah I was thinking that too. Considering the first wave of syrian refugees are mostly still on welfare. Last time I checked it was something like 80%. So that means the government is paying their rent etc.
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oh ya there's that and then tax the middle class more further widening the gulf between the rich and the poor, which leads to communism, which leads to economic collapse. Shut off the flow.
End of conversation
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Absolutely which is why housing in London is so outrageously costly
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Have you considered oligarchs laundering money and real estate investment by kleptocratic politicians from Asia, Afrika and America? London real estate agents are greedy, hypocritical beings and ask few questions; isn't that the real issue?
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Correction:housing everywhere else in the World is expensive. Asia, Africa, Mideast, Europe. The trend is the same. It's not uniquely Western problem
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While you make a strong point about real estate values worldwide, it would interest you to know who owns what in London, how much they paid for it, and how likely they obtained the cash for it? There's too much dirty money locked up in London real estate. Period
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London barely cracks in the top 10 as well.Again housing price are sky rocketing everywhere in homogenous countries like Seoul, Tokyo,Shanghai, Mumbai. Yes who would thought that housing price in India and China would sky rocket
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It doesn't crack the top 10? How about that? Still, looking at the quality of property, square feet, and so on, save for a few minor spots, London shouldn't be in the top 30, should it? Where's the overwhelming luxury, really?
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If you're talking about price that is. HK, Tokyo, Singapore have higher price per Sq ft.
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Mass immigration may subtly drive up property values, and increase tax revenues for governments. The hidden factor is wealthy foreigners looking for real estate hideaways, and not borderline indigents living in crowded, substandard council flats with peeling wallpaper
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Then we get ridiculous stuff like free all day kindergarten and free preschool and then they want to tax more to pay for all that. Making housing more unaffordable.
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Getting rid of property taxes thus helps make governments less incentivized to support mass immigration.
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Helping boomers maintain their propery value for their retirement.
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Which is why it and continues to "organized" by certain individuals.
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