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[return to ""Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks"]
1. ilrwbw+9q[view] [source] 2024-02-06 19:36:03
>>eswat+(OP)
I have said this over and over again: Canada is the most overrated of all the developed countries.

The whole country is a gigantic house of cards propped up by real estate, with horrible service quality, terrible healthcare, no jobs, ZERO innovation, risk taking and entrepreneurship.

Having lived and travelled extensively, most Canadians want a house somewhere in the woods instead of doing something meaningful with their lives or try and innovate to build something.

All of this is propped up by rampant levels of immigration from China and India. Where US got the best talent from India, Canada got the worst, the ones who scam their way here and take the lowest level jobs.

Now all of this is coming home to roost. The next decade will be Canada's worst and if they do not learn that risk taking and entrepreneurship is the only way out of the mess they find themselves in, they will become a third world country in another decade.

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2. nimbiu+Ps[view] [source] 2024-02-06 19:48:48
>>ilrwbw+9q
>most Canadians want a house somewhere in the woods instead of doing something meaningful with their lives or try and innovate to build something.

to be fair most Canadians were promised this as part of their countries stratospheric growth under neoliberalist policies. that they are not capable of it is no fault of their own. that they want this is at all is not a bane.

> Where US got the best talent from India, Canada got the worst, the ones who scam their way here and take the lowest level jobs.

dividing immigrants into "good ones" and "bad ones" is pretty vile, but as an american i must acquiesce we've played that game for a long time. before hispanics it was asians, before asians it was europeans (the irish particularly.) turns out blaming immigration is a fools errand to distract from domestic class warfare.

the real question for Canada now is not "how do we punish the immigrant" but what do elected leaders in the political class do to affect meaningful restitution and corrective action in the face of what is a national crisis. Either they see clearly and will reform their own cash cow, or they will blindly ride it off a cliff in the hopes that through their own profit they can weather the coming storm.

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