130
Why limit immigration?
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Sep 2024
130 points (88.2% liked)
No Stupid Questions
35702 readers
2335 users here now
No such thing. Ask away!
!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules (interactive)
Rule 1- All posts must be legitimate questions. All post titles must include a question.
All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.
Rule 2- Your question subject cannot be illegal or NSFW material.
Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts and joke questions.
Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.
On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.
If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.
Rule 7- You can't intentionally annoy, mock, or harass other members.
If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
Rule 10- Majority of bots aren't allowed to participate here.
Credits
Our breathtaking icon was bestowed upon us by @Cevilia!
The greatest banner of all time: by @TheOneWithTheHair!
founded 1 year ago
MODERATORS
I don't think this is actually true. At least in my area, developers would LOVE to build condos and apartments all over the place, but local laws are holding them back.
I suppose even in a perfectly willing area that upgrades its infrastructure to support more people, you don't want to move people in too quickly, before that infrastructure is available. But it's easy to see that become a self fulfilling prophecy: we don't take immigrants because we don't have the infrastructure, and we don't build the infrastructure because there's no demand for it.
I don't think anyone wants to make a brand new condo and try to full it full of fresh immigrants that other businesses are exploiting to pay less.
They want to develop 1 set of condos they can sell for $300k+ rather than 3 sets for $100k
Yeah this is the biggest issue.
The way most housing gets built where I live it works like this: A company handles the project management, buying the land, getting the permits, hiring the builders, doing the marketing/sales etc. This costs a HUGE amount of money, which they don't have. So these projects get designed on paper and then sold to investors. These put in a big amount of money, with the expectation of the project making money in the sales of the housing in the end. This means they can often double their entry in a couple of years, which is really good in terms of investments. As the investors want to make as much money as possible, the company designing the housing have incentives to not only make the houses as dense as possible, but also as expensive as possible. Their margins in percent are about the same no matter the house, so a more expensive house makes them more money. This leads to really big expensive homes crammed together in either high rises or plots. It's really dumb as well since detached homes are worth more, they build homes with like 2 meter between them. The biggest issue is, only rich people can afford these homes. Even though more homes are built, the majority of people looking to buy a home can't afford these. Homes also get sold to investors again, to rent out as the house itself appreciates in value. These expensive homes also have the effect of driving up property prices in the area, which leads to more expensive houses and higher taxes.
In the end, it's only the rich that profit. They get the good investment projects, making them even more rich. They get to buy the expensive new homes to live in. They get to buy the homes to rent out and use as an investment vehicle.
Some places have made them build cheaper homes as well, if they want to get the permit. But it's not enough. We need to be building practical affordable homes, but we don't cause the people putting up the money to build stuff don't want to.
If only we had some sort of public entity that could fund housing investments with little to no financial gain, but great gains to public support and well-being that was also in charge of controlling and permitting immigration rates so that the two could be balanced...
Yeah, immigrants would be better served by apartments
No. No, that's not it at all.
Immigrants would be better served by unprofitable low income housing, not feeding their meager scraps to pay artificially inflated rent prices to an offshore real estate investment company.
Well duh. In fact, they'd be better served by FREE housing!
In the realm of realistic solutions, apartments.
Fun fact! My coworker pays more in rent for his apartment than I do on the mortgage of my house. Most often this is true.
I'm getting a once over by the bank, he's getting done once over by the bank and again by his landlord, and they might not ever be different.
So how is an immigrant supposed to thrive when a foreign investment firm is profiting off them twice?
Subsidize affordable housing, tax wholesale & foreign landlords out of existence. It's simple.
It's a pipedream.
It is with that attitude
AFAIK, the issue around me is largely profitability. You can buy up acres if land, chop it up into 1/2ac parcels, quickly build cheap "luxury houses", and sell them for 2-3x your costs, easily earning $200k+ per house sold ("Coming soon, from the low $400s...!"). And it's all with fairly minimal regulation, compared to building high-density housing in existing cities. Compare and contrast that with building low- and middle-income high-density housing, where you're going to end up managing it as apartments (probably not condos; that's uncommon in my area); that means that you're in the red for a larger number of years before you pay back the initial costs of construction, since the profitability comes through rents.
Maybe I'm wrong; all I can comment on is the kind of building that I'm seeing in my area, and the way that the closest city--which was originally about 90 minutes away--is now alarmingly close.
Sprawl sucks. Density is what we should be promoting.
Of course, and I agree (...even as I'm looking at buying a few hundred acres of land in a desert three hours away from any town over 1000 people...). But you've got a lot of incentives working against that.
The town I'm in is starting to be a suburb of the city 90 minutes away; the town wants these people, and their homes from the low $400s, because that's more tax base; they pay property taxes that the town wouldn't otherwise have. So my town is happy--kind of--to be part of the problem.
That's the big issue in my area. The city and it's lovely corporate-sucking politicians keep putting out 'information' about the city being "X% developed!" The only thing being developed is more strip malls and high cost houses. Everything green and natural is disappearing. It's all single-family sprawl, with only a few super-high luxury apartments scattered about and maybe 2-3 apartment buildings that anyone on a lower budget could afford. The politicians get their greedy fingers into higher tax revenues, the developing/building corporations sit back and suck up investor money, and investors get to suck up their profits because housing is relatively scarce and the cost for properties shoots through the roof.