Unify Action - He Claims Immigration Isn't Destroying Our Housing - The Rich Are!

00:00:00.000 Corporate conglomerates buying up thousands of houses.

00:00:02.860 The Conservative Party is actually supporting

00:00:04.600 these conglomerates with their policies.

00:00:05.900 Why is it bad that the housing,

00:00:07.520 it'll be owned by the government?

00:00:08.600 When's the last time you've applied for a license

00:00:10.720 or something?

00:00:11.560 You know how long that takes?

00:00:13.200 Yeah, you're right, yeah. 0.97

00:00:15.680 And I just, I believe that immigration

00:00:17.760 isn't really the main issue, right?

00:00:20.120 Like wouldn't you say that corporate conglomerates

00:00:22.240 buying up like thousands of houses

00:00:26.520 for the purpose of making money, right?

00:00:29.760 and keeping these houses without anyone even living in them, right?

00:00:33.660 Just to make money off the scarcity of housing. 1.00

00:00:36.260 Isn't that a bigger issue than perhaps in too many immigrants, 1.00

00:00:40.300 which the Conservative Party is actually supporting these conglomerates 0.99

00:00:44.040 with their policies and the decrease of taxes?

00:00:48.680 I don't know about that, but what you're describing

00:00:51.460 sounds an awful lot like Brookfield Asset Management,

00:00:54.200 which is Mark Carney's company.

00:00:57.500 Or he was part of it.

00:00:58.600 he was like the president of their board or something so his his 4 000 houses that he is

00:01:05.960 slated to build with 13 billion dollars which is like like four or five times what i'm not i'm not

00:01:11.040 a liberal but i'm not like a die-hard carney supporter yeah but i'm just wondering if perhaps

00:01:16.980 i don't even necessarily think that policy though but yeah perhaps like don't you think

00:01:21.640 supporting these like conglomerates that are buying up houses is more of a conservative

00:01:28.140 policy than it is a liberal one i don't know i'm just saying that i think carney the houses that

00:01:33.960 he's building are not going to be privately owned i think they will be owned by either the government

00:01:38.720 or a corporation like brookfield asset management okay why is it why is it bad that it'll be owned

00:01:43.740 by the housing well see okay now we're debating like a socialist idea again i'm not yeah i'm not

00:01:53.500 against either party i'm i'm trying to learn so like yeah i'm asking you genuinely why why is it

00:01:59.620 bad that like these houses will be owned by the government and not see um yeah so you won't have

00:02:06.780 that that market signal for like rent or anything else like yeah you won't have that market signal

00:02:12.460 so rent could be way too high or way too low or anything in between right um you won't have that

00:02:18.780 market signal when it's government owned um but also they won't be properly managed anything

00:02:24.460 that's government owned in general doesn't get managed very well it's either like they'll have

00:02:30.740 not enough cleaning of it or repairs or anything like that like generally i'm wary of government

00:02:36.900 government owned anything because it's going to go very poorly there should be competition

00:02:42.380 in like the private sector not publicly owned that's i i i lean towards that but isn't that

00:02:48.680 same competition was driving the housing crisis and the rents going up so much okay so there's a

00:02:54.800 lot of regulation on building homes right now so not a lot of homes are being built that's one of

00:02:59.480 the things that's causing housing to be just insane so not enough homes are being built

00:03:04.360 but then the immigration is i think it is a very big issue because we're not we're bringing in

00:03:10.860 like 10 times the number of people that we are building houses for and that's going to create

00:03:15.180 a huge problem right we're not we're not building enough houses to suit the number of people that

00:03:19.680 we're bringing in and our infrastructure is not ready to take that number of people man when you

00:03:23.920 have too much competition for something then the price of it is going to go up because people are

00:03:28.040 going to bid against each other like it's the supply and demand if it's owned by the government

00:03:31.700 can the government say okay well hold up we don't actually have to compete right can they just keep

00:03:36.460 the prices lower if it's owned by the government right because then you might have a housing

00:03:40.560 shortage well what's what's driving the the the the capital owners in this case i guess to

00:03:48.520 keep increasing rent is the fact that they other ones are also increasing rent right so

00:03:54.320 obviously if they see an opportunity to raise their prices and they're going to do so there's

00:03:59.320 a few things that are causing that if like if the house is going to be too expensive far less people

00:04:04.940 are going to go like young people aren't going to bid for that house it's just going to be older

00:04:09.720 people baby boomers and stuff like that and then immigrants with money right um but the so one of 0.94

00:04:17.440 the things that's really driving it up so there's a few things there's immigration there's a bad

00:04:20.580 regulation and building of homes and then there's also money laundering so when the bank does their

00:04:26.380 their appraisal to see what the house is worth like this is the money you should be getting

00:04:30.540 this is the price that you should be asking for the home they will look at the value of the homes

00:04:35.460 in the community and they'll go okay this is what the other homes are worth so you should be asking

00:04:40.700 around this like this is the estimate for the home so when money launders dirty money from

00:04:47.020 foreign countries they'll come into our country and they want to clean their money so they'll put

00:04:51.400 it into our housing market and they will bid above asking price for a lot of these homes this has 0.61

00:04:58.520 happened in toronto and vancouver so they bid above asking price and when the bank goes and

00:05:04.300 sees oh these people they bought their home no mortgage all cash and the owner took that amount

00:05:13.600 that must be what the house is worth so then the value of the houses in that community go up

00:05:17.940 slowly incrementally not just the two percent of a year we expect that's that's because of the free

00:05:23.220 market right isn't that because the people the the landowners around that place are seeing this

00:05:28.140 house go up and they're like hey this house is worth this much let me make my house worth this

00:05:33.200 much but if it's owned by the government who isn't as driven by profit as like some guy that

00:05:40.120 owns a couple houses then perhaps wouldn't it be more feasible for them to just be like hey you

00:05:46.180 know what we're actually going to keep this price because this is what we think we're worth regardless

00:05:49.280 of whether or not that house is like unbelievably overpriced okay so if see this is where supply and

00:06:00.100 demand there's like nuance in it so if there is too much demand for something the price will go

00:06:04.500 up but if it's owned by the government you don't have that supply and demand well yeah exactly so

00:06:08.740 the price is going to stay the same but then everyone's going to have a house at that point

00:06:14.320 and there's not good you don't want everyone to have no they should have a house but the trouble

00:06:18.080 is you're going to get a shortage you're not going to have that signal to build more homes

00:06:23.280 see if the price of the homes goes up and then everyone's like these new competitors in the

00:06:28.000 industry are able to build homes then there's an incentive for them to build that home you're

00:06:32.420 saying that there must necessarily be homeless people so that we can no that's not what i'm

00:06:37.420 saying but if it's owned by the government then there is not going to be that supply and demand

00:06:44.820 thing and there's going to be probably a housing shortage that's what it's happened before when

00:06:51.380 there's been rent controls that there hasn't been that incentive for people to create new

00:06:55.960 apartments put like build new houses and stuff like that if the price is too low for them to

00:07:01.220 enter the market like if the government is out competing the market then new competitors are not

00:07:07.040 going to enter that market yeah isn't that fine like if the government is out competing the market

00:07:11.740 but it's making people get housing for cheaper then i don't see an issue that doesn't work if

00:07:17.720 there's a housing housing shortage it okay I'll I'll try and make I will try

00:07:25.580 and like make it make sense all right so if the government gets in there and

00:07:30.920 starts creating houses at a fixed price okay fixed price fixed rent whatever so

00:07:38.700 everyone's gonna go oh that's awesome all right I get a house so I'm now X

00:07:44.600 number of people have a home either that or they all cram into one home and you get you know unsafe

00:07:51.860 or unhealthy living standards right so everyone has a home and then the rest of the market if

00:07:57.060 they see that rent is fixed at that price they know that they can't compete against that because

00:08:03.200 the government takes taxes and is if it's government owned or whatever if it's like a

00:08:08.560 fixed price no no market no competitor can go into that industry and out compete the government

00:08:15.520 your issue is that just people won't be able to out compete the government yeah why is that an

00:08:20.540 issue because then so you won't have the market signal so you're probably going to have a housing

00:08:28.640 shortage right the government doesn't have that signal they were already doing and continue to

00:08:33.620 build more houses maybe but they won't have that signal to say oh the housing rent is going up

00:08:40.320 so we should build more homes they don't have there's there's there's this huge nuance in the

00:08:45.740 supply and demand curve right that if people begin to compete more they get that signal the free

00:08:54.260 market gets that signal that we should make more but the government at a fixed price doesn't get

00:08:59.640 that it doesn't get that signal i don't if there's people in need of housing how are they not going

00:09:08.000 to get that signal well people will cram into there'll be unlike unsafe living standards well

00:09:14.640 my family isn't coming in with another family so i don't think that's like are would you come in

00:09:19.300 with another family if i couldn't own a home i think like that's what you would rather do what

00:09:24.160 you're doing now and like protest rather than come into another that's a pretty yeah so like

00:09:30.740 but the government is slow right so the the change that the government can implement is going to be

00:09:37.240 very slow it's much slower than the free market so the change there might be change but it's going

00:09:44.000 to be so slow that the bad living standards will continue why is it slower why is the government is

00:09:50.220 so slow when's the last time you've you've uh applied for a license or something you know how

00:09:56.820 long that takes yeah that's the sort of length of time that you would get what is making the

00:10:01.840 government in your opinion be so much slower than a privately owned corporation so our government

00:10:08.040 is bloated that's one thing that of course causes the slowness but another thing is the absence of

00:10:14.560 the market signal and that drive to be more efficient and gain more profit that is something

00:10:20.420 the free market has and the government does not so the government is going to inherently be slower

00:10:25.640 than the free market because the the workers the contractors they get more money the slower they

00:10:31.820 are okay right all right yeah you're right yeah um well i gotta go all right awesome do you mind

00:10:39.360 Yes.

00:10:40.360 Thank you for the conversation.

Unify Action - November 10, 2025

He Claims Immigration Isn't Destroying Our Housing - The Rich Are!

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