Comments by "" (@shauncameron8390) on "Why Australia’s Housing Crisis Is a Warning for the World" video.

  1. There is justification. Most people only want to live in the major metropolitan areas. And major metropolitan areas have only so much space to go around. In Canada, it's either Toronto, Vancouver, Montreal to a lesser extent or death.
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  2.  @donttalkcrap  AirBnB is the result of government meddling in the rental market that made long-term rentals non-viable.
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  3. Not really. Australia is an uninhabitable desert island and most of the population live on the Southeast coast.
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  4.  @ItzCairnsy  <I feel bad for Chinese, Indian and Hong Kong residents that genuinely move to Australia since they can't afford homes in their respective countries > That's not why they fled their home countries. Their reasons for fleeing are largely socio-political.
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  5. And in turn abolish individual freedom and personal agency.
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  6. But most of it's not suitable for inhabitation.
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  7. But most of the land is not suitable for inhabitation.
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  8.  @LucasFernandez-fk8se  Due to high bureaucracy and building costs along with the mass immigration-induced demand.
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  9. Too bad under socialism, you'll have none of the five.
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  10. Only to end up either privatized or left to crumble due to mismanagement and lack of investment.
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  11. While embracing the same socialism a lot of immigrants fled from.
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  12. Or didn't save during their working years living beyond their means.
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  13. Austerity is the result of economic mismanagement, excessive borrowing and money-printing and debt.
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  14. What does government over-regulation have to do with capitalism?
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  15. No white-collar jobs.
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  16.  @Ash-cb8qu  Immigration = high demand for something of limited supply.
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  17. Land suitable for inhabitation is scarce as most of Australia is a desert.
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  18. <the false idea that that private builders will build affordable homes (Instead they build fewer homes at higher prices for more profit). > Well, they're not building or renting/selling anything at a loss. And they build fewer homes at higher prices for profit to cover the high costs of building and land acquisition.
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  19. Government over-regulation created Air BnB.
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  20. Nope. All because of government policy.
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  21. <One important question is why do people want to move en masse to these overpopulated, polluted cities. > Because that's where all the jobs, amenities, services and social support are at. <If it's because of work, then it seems that pushing for the right to work remotely is actually an important societal issue.> Not everyone works an office job.
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  22. And local governments.
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  23. Increase taxes = increased costs for buyers on the back end.
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  24. But the Australian government and business elites do.
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  25. Part of the problem is everyone only want to live in the big cities.
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  26. It's only impossible if people insist on living in the big city where they have to compete with well-to-do foreigners and locals alike more than willing to pay the higher prices.
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  27.  @kzbb9977  Presently, South Korea doesn't have immigration.
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  28. Rent control enabled Air BnB.
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  29. Mass immigration is a by-product of the feminism "independent" women voted for.
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  30. <But the government doesn't wish to solve it.> Because it's politically unpalatable.
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  31. Because they're ignorant and envious.
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  32. China owns Australia. Not the US.
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  33. Not for as long as they live in the big city. Housing for families already exist. In the suburbs, towns rural areas and outside the core.
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  34.  @miketran4289  So do high land values, building costs and bureaucracy.
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  35. While in socialism/communism, you'd be lucky to find a toolshed to live in.
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  36. Because local men have been effectively discouraged from taking up skilled trades.
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  37. Enabled by rent control and tenants' rights among other government restrictions ensuring high prices and low supply.
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  38.  @sandybottom6623  And Cuba is still on life support.
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  39. Australia doesn't need ghettoes.
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  40. And lives a life of convenience and leisure.
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  41.  @thomasgrabkowski8283  Singapore doesn't have a private housing market.
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  42. No. This is excessive socialism doing the killing.
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  43. Renters are not normal people as they make up a minority of Australia's population.
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  44. City folk problems.
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  45. In response to the high real estate costs and bureaucracy.
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  46. Housing is not a right. <tenants have rights and matter,> So do landlords as they didn't have to rent to you in the first place.
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  47.  @Mr-Kind-au  There is nothing ignorant about the question, though.
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  48. No. Try Hong Kong.
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  49. Air BnB is the end result of rent control.
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  50. Like the average North Korean.
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  51. America has way more affordable options. Australia doesn't as most of the population is concentrated in the Southeast.
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  52.  @kzbb9977  <like in many parts of the EU where property is not some kind of financial investment, ENCOURAGE PEOPLE TO WANT TO MAKE MONEY ON INNOVATION, new tech and their sweat and efforts, not land and housing like some kinds of lords and ladies of the middle ages..> Yet hardly any innovation come from those countries, just living off of countries that do treat housing like an investment.
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  53. No. This is a Western phenomenon. <The basic necessities should NEVER be allowed to be commoditized to the highest bidders.> Basic necessities are not a right.
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  54. Exactly.
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  55. <Why are Western countries struggling to get developers to create enough housing? Because capitalism is flawed.> No. It's because of government meddling in the housing market. And developers are not building anything at a loss.
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  56. Not in Japan or even Venezuela.
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  57. But Singapore has high living costs.
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  58. You mean global socialists as socialism is the enemy of the middle class.
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  59. Most of Australia's land is a desert and unfit for inhabitation.
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  60. The vast majority of that small population living in the cities.
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  61.  @adoof4814  But you would have Cuba's problem. Housing no longer suitable for inhabitation due to mismanagement and lack of investment.
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  62. No. Those countries just simply do not let foreigners buy any property.
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  63. But an uninhabitable desert island.
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  64. It makes sense. Most of the land is uninhabitable due to being a desert.
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  65. High land values and building costs.
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  66. They created high building costs and bureaucracy?
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  67. <Punishing building costs for permits and zoning only help those who already own property. > Who happen to make up 66% of the population.
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  68. What do high taxes, over-regulation and bureaucracy have to do with capitalism?
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  69. Only for no new housing to be built and shortages abound.
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  70. Which only jacks up the prices and makes supply scarce.
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  71. Housing is not a human right just like living in a popular city you can afford isn't.
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  72. No. It's bloody government interference that made long-term renting costly and unviable.
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  73. <Developer are greedy fkswits, always building unlivable 1 bed 1bath shoebox apartments, or 'reverse' living townhouses.> Because thanks to government restrictions, those are the only kind of housing they're legally allowed to build.
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  74.  @adoof4814  Social housing = state-run slums.
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  75. Not North Korea. Not Cuba. Not Haiti. Not Venezuela.
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  76.  @rmot2911  Ditto for Canada.
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  77. And Air BnB is because of government intervention that made long-term renting too costly to maintain along with lopsided tenant protections.
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  78. The vast majority of the 20 million living on the Southern coast.
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  79. And Sydney is among the top 10 most expensive places to live in the world.
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  80. Thanks to government over-regulation.
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  81.  @LuxLucis_  No it isn't.
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  82. No. Only in places run by Democrats.
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  83. Not really. North Korea doesn't have a housing crisis.
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  84. Exactly.
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  85. So who should be forced against their will to provide housing?
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  86. The US's housing crisis is nowhere nearly as bad. It's largely restricted to the Northeast and West Coast where Democrats and Trump-haters are in charge.
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  87. Just like Canada.
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  88.  @bobjacksom9776  Coupled with mass immigration.
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  89. LOL. <people in third world countries with alot less are naturally way happier> Only because they don't know any better and have long accepted their meager status being the WEF's wet dream come true.
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  90. Venezuela. Japan. North Korea. Switzerland.
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  91. <Canada & NZ have atleast banned foreigners buying properties,> Not really as in Canada's case, students and refugees are exempt from the ban.
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  92. Ditto for Hong Kong, the city with the world's highest rent.
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  93. Government are a reflection of humanity that elected them. Most of humanity is ignorant, corrupt and greedy.
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  94. <selling off social and public housing> Because of government mismanagement and underinvestment. Can't rely on subsidies forever to make up for all the money lost from undercharging tenants.
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  95. Greed destroyed nothing. It's not Sydney's fault millions are happy to go there and are willing/able to pay higher prices just for the privilege to live there.
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  96.  @ColinFreeman-kh9us  Coming from someone who loves envy and entitlement, you're dismissed.
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  97. Welcome to the big city.
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  98. <Investors do not care about the people or the country, just the money.> And rightfully so. They're not humanitarians. <In the US, 60% to 80% less low income housing has been built since the 1980s. It is not profitable. > And they're crime and poverty-ridden slums.
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  99. Australia has plenty of land. Just unfit for inhabitation.
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  100. No. Just the Western world.
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  101. <And Government should introduce Rent Control for the low income people and build housing for low income people or make all developments always have a certain percentage of low income housing. Take out the Greed.> Rent control does not work.
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  102. Congrats to government meddling in the housing market.
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  103. Singapore is a city-state with no land for agriculture let alone any random person to own.
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  104.  @adoof4814  Thanks to the locals who got priced out of the cities moving in.
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  105. And that's considering government owns most of the housing there.
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  106. And living beyond their means. Australia has a high household debt.
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  107. But government meddling made house rentals unviable.
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  108. Not in Switzerland or even Venezuela.
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  109.  @robertdepesci3418  Venezuela doesn't have a housing crisis. It has an everything else crisis due to government mismanagement.
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  110.  @chris.bcfc.keeprighton.5685  That's because all the communist countries that bore resemblance to what Marx and Engels proposed became autocratic hellholes that either collapsed or adopted capitalist reforms to stay afloat.
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  111. That what happens when you make higher education "for all."
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  112. Only to those who don't care about their own futures to invest in it.
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  113. Venezuela doesn't have a housing crisis. Ditto for Cuba, North Korea and Russia.
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  114. At who's expense?
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  115. No. It's because everyone wants to live where all the jobs, services, amenities, social support networks, etc. are at and some are more than willing to pay higher prices and/or risk homelessness for access.
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  116. Maybe, buy no one has the right to either. Either produce/build or buy it.
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  117. Australian sellers.
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  118. Along with those who voted for those in charge.
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  119. But higher utility costs.
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  120. Long commutes, fewer amenities and services.
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  121. Simple. That's on the federal government.
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  122. No. Government over-regulation is.
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  123. They'll just simply move to the outskirts or some other less desirable area.
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