Who Says Immigration and Foreign Ownership Does Not Help Locals by Making Them Homeless (Thus Giving Them More Fresh Air from Sleeping Rough) By James Reed

     The usual reports from the usual sources reporting that Australians are becoming more comfortable with immigration rates, with fewer than 47 percent thinking that the annual immigration rate is too high:
  https://www.sbs.com.au/news/australians-becoming-more-positive-about-migration-rates-poll-finds?utm_source=amerika.org

I do not believe these surveys, and even if they’re taken at face value, a sizable percentage of people think that immigration is out of control. Even if 99 percent of people were against immigration, all the establishment would conclude is that more brainwashing propaganda is needed.  So, why do they even bother since the sheeple have done nothing on this issue since 1947? Anyway, those who love immigration, but are not yet suffering should consider the Vancouver future, because even if they are profiting today from their bloody real estate (watch ‘em cry when the property bubble bursts), they will still be dispossessed in the long run:
  https://www.scmp.com/news/china/money-wealth/article/3016074/unimpeachable-study-calls-foreign-ownership-primary-culprit

“A study has found long-sought evidence linking foreign ownership to extreme housing unaffordability in Vancouver, a Canadian city that has attracted waves of Chinese capital and millionaire migrants. The white paper by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a near-perfect 96 per cent (or 0.96) correlation between various metro Vancouver municipalities’ price-to-income ratios (a common measure of unaffordability), and the proportion of their detached houses in which at least one owner was a non-resident. A leading researcher who was not involved in Gordon’s study said its findings were “unimpeachable”: the more that a Vancouver municipality was favoured by non-resident owners, the more unaffordable its detached houses tended to be. “When I plugged the numbers in it blew my mind … I mean, holy smokes,” said Gordon of the strikingly close correlation.

“This is compelling evidence that when it comes to the extreme ‘decoupling’ [of prices from local incomes] seen in the Vancouver housing market, foreign ownership is the primary culprit,” the paper said. Vancouver’s housing has long been considered among the world’s most unaffordable. The city ranked second – behind only Hong Kong – in the latest Demographia study of unaffordability in 309 cities around the world, with a price-to-income ratio for all housing of 12.6. But among detached houses, the ratio is about 25 or 30 to one, in areas popular with Chinese buyers including the City of Vancouver, Richmond and West Vancouver. Gordon’s paper was not peer reviewed before publication last week, but it was checked afterwards by University of British Columbia geography professor David Ley, who has studied Vancouver real estate unaffordability for decades. The calculations, based on 2016 data, were also checked by Andy Yan, director of the City Programme at Simon Fraser University, who sat with Gordon as he reproduced the results. We have these various scholars, with various data sets, all pointing in the same direction. That is a call for action Andy Yan, Simon Fraser University Ley said of Gordon’s “unimpeachable” argument and conclusions: “Such a high correlation is rarely seen in social science research … It indicates a very strong relationship. So it is the presence of non-resident buyers that is forcing up prices.

“But there’s a qualifier here because it forces up prices relative to incomes … we can more accurately say that non-resident demand shapes affordability.” The so-called “r-squared” value, depicting how much of the variations in unaffordability could be predicted by non-resident ownership in 2016, was 93 per cent. Gordon conducted the same comparisons using 2013 data and found an r-squared value of 91 per cent. In the 2016 condominium market, the correlation between the unaffordability ratio and non-resident ownership was also “strong” at 75 per cent, Gordon found, with an r-squared value of 57 per cent. The correlation rose to 88 per cent if the single municipality of West Vancouver was discounted. Yan said he endorsed Gordon’s study and its “very straightforward” methodology: “This puts together the story about the forces that are behind Vancouver real estate … [it] gives us a foundation and a direction, for how we [produce] effective housing policy.” Key to that was “understanding just how much Vancouver real estate is connected to the global economy, of which a large component is being driven by China.” By investigating non-resident ownership, Gordon’s study sought in part to address the issue of “satellite families”, who live in Vancouver but whose primary breadwinner earns abroad.

“[A] family with a low declared Canadian income might live in a multimillion-dollar mansion. This particular situation would represent ‘decoupling’ on steroids,” the study said. The phenomenon has been closely associated with millionaire migration, primarily from mainland China, Hong Kong and Taiwan. Vancouver was long the world’s most popular destination city for such migrants under wealth-determined schemes, attracting them by the tens of thousands. Vancouver has recently become a global test bed for affordability policies, with the introduction of a foreign buyers’ tax, a speculation and vacancy tax, and increased provincial property taxes. These demand-side measures appear to have sent the market into retreat, with sales and prices falling. The average price of a detached house across metro Vancouver is C$1.6 million (US$1.2 million). Gordon’s study was a response to a landmark 2017 report by the long-time real estate industry analyst Richard Wozny, which came to the “inescapable conclusion” that locally declared incomes could not support prices. Wozny, who said he was concerned for the fate of Vancouver amid a runaway real estate market, died of cancer not long after he turned whistle-blower on his industry. Wozny’s report depicted the decoupling of prices from incomes as he examined 14 Vancouver municipalities. Gordon, who said his work was “testament to Richard Wozny’s instincts and character”, looked at the same municipalities as he tried to find an explanation for the decoupling and its variation among them.”

     Australians who support mass immigration should not complain once the same situation depicted above occurs here. In fact, it is now inevitable. And, once Australia has been dissolved as an independent nation state and joins the Chinese empire as a mere province supplying raw materials, there will be no more of this gee whiz immigration nonsense, and multiculturalism will be replaced by a new homogeneity.  If the choice is to be swallowed up by the present regime of taking in the whole world, and putting up with the multicult bs, or being a part of China, I would go for China, provide that China pays each of us of say $ 1 million, to buy off the country. Why not; it just takes the present trend to its logical conclusion, and I might as well get something out of the end of the Australian comedy experiment. Yeah, the ANZACS died for nothing.

     This is a bit off the topic but still highly interesting, showing what happens when displacement occurs:
  https://www.gatestoneinstitute.org/14448/africa-christians-persecution

“According to a recent interim report published in the U.K., "it is estimated that one third of the world's population suffers from religious persecution in some form, with Christians being the most persecuted group." Although the full report -- commissioned by British Foreign Secretary Jeremy Hunt and conducted by the Bishop of Truro, the Right Reverend Philip Mounstephen -- was due to be released by Easter this year, "the scale and nature of the phenomenon [of Christian persecution] simply required more time," according to the report. As a result, Mounstephen explained, the "interim" findings released in April are incomplete, and the final report will be published at the end of June. According to the "overview" section of the interim "Independent Review of FCO support for Persecuted Christians":

"In some regions, the level and nature of persecution is arguably coming close to meeting the international definition of genocide, according to that adopted by the UN." Africa -- now home to the greatest number of Christians in the world -- is one such region. On June 16, for instance, a Christian elementary school in a Muslim village in Uganda was destroyed, International Christian Concern (ICC) reported. On June 15, "a mob of Muslim protestors set a church ablaze in Maradi, the third largest city in Niger. The incident was a response to the arrest of a very prominent Imam who was arrested after he claimed the country's proposed legislation on worship was 'anti-Islamic.'" On June 9 and 10, two terrorist attacks in Burkina Faso left 29 Christians dead. This purposeful slaughter of Christians came less than two months after the April 28 massacre of 80-year-old pastor, Pierre Ouédraogo, and other members of his congregation in Burkina Faso, by armed Islamists. A local leader, who requested anonymity, told World Watch Monitor:

"The assailants asked the Christians to convert to Islam, but the pastor and the others refused. They ordered them to gather under a tree and took their Bibles and mobile phones. Then they called them, one after the other, behind the church building where they shot them dead." On June 7, a Christian woman in Niger was kidnapped by Boko Haram terrorists and released three days later with a letter calling on all Christians to "leave the town within three days or be killed." The above incidents are not isolated. According to the 2019 World Watch Listcompiled by Open Doors, a persecution watchdog group:

"While the violent excesses of ISIS and other Islamic militants have mostly disappeared from headlines from the Middle East, their loss of territory there means that fighters have dispersed to a larger number of countries not only in the region but, increasingly, into sub-Saharan Africa. Their radical ideology has inspired, or infiltrated, numerous splinter groups such as Islamic State West Africa Province (ISWAP), a deadly group that broke away from Nigeria's Boko Haram that also enslaves Christian women and girls as an integral part of their strategy."

     As with immigration, the West does nothing.

 

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Thursday, 25 April 2024

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