they have built deliberately a speculator's wonderland.
they stopped building regular rental housing in the city and created rental housing by condo building. it is an investors heaven..from construction, to manufacture of construction materials and parts, appliances and all manner of related fabrications. it is like Brave New World..people ensconced in small apartments single and separated from each other..no community organic connections...and money like peas for those who conceived the nightmare
the money is no centralized also..concentrated in a few hands. and when that happens hey can conceive of these massive projects which in truth are very centralized and homogeneous, calculated to make us all the same over time. but they depend on capitalist success to keep going. however the contradictions of capitalism are fully ripe and will work out in ways that will see it all crash. so we will either get a police state at least for a time..we have the police state already..and soon or late total social collapse.
get a house on the ground. that's the best bet.
you will have to get those condos for literally nutten for them to be ultimately worthwhile ketchim
they stopped building regular rental housing in the city and created rental housing by condo building.
you will have to get those condos for literally nutten for them to be ultimately worthwhile
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The problem is REAL buyers do not wanna OWN where there is 75% Tenants.
A popular question : " what is the ratio of transient tenants to Owners" ?
[quote author=ramesh link=topic=93348.msg593930#msg593930 date=1413305085]
What maps is predicting is quite possible . This will only happen if most of the white people chose not to live there any more.
I do not know the situation in Toronto but I am using Detroit as an example
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Detroit is the perfect example Ramesh. but ti will be worse up the road for all cities.
I am talking about Toronto. there are relatively no black people here..95% white. where will they flee to?
all that exists has been built with them as the central actors. this world is theirs. there is no where to run..they will be here but yet it will collapse
if there are no profits, no economic expansion the system collapses. they have to maintain at least the illusion of profits, or create it from thin air if they must. don't you see the huge game profit making has become. its an illusion. there are no more profits. that is why they created the huge derivatives scheme..and continue to make bubble on bubble. deh have to.
its all on the books as profits but its thin air. if the 'correct correction' ::LOL:: takes place, all the wealth in the world will evaporate overnight. all who have precious metals and get this... LAND! will be okay. that is why they are gobbling up all the farmland in the world, buying out Africa from under the people, in Guyana etc., buying up all the land.
LAND HAS BECOME THE GREAT HEDGE! THERE IS MORE LAND THAN PRECIOUS METALS.
allyuh better be careful allyuh still have a country when all this is done
CAPITALISM IS RIPE..ITS BASIC CONTRADICTIONS COME HOME TO ROOST. NO MORE REAL EXPANSION IS POSSIBLE SO THEY HAVE BUILT A FANTASY OF PROFITS....
THEY ARE UNDER VAST PRESSURE FROM TECHNOLOGICAL ADVANCE. THEY CAN MAKE PROFITS IN PRINCIPLE FROM THE APPLICATION OF TECHNOLOGY TO REPLACE HUMAN LABOUR..TO ROBOTIZE WORK. BUT HOW DO THE PEOPLE EARN A LIVING TO SPEND IT ON THEIR NEEDS TO KEEP CAPITALISM GOING IF THEY HAVE NO WORK ::confused:: ::confused:: ::confused:: ::confused::
when a system, a process ripens and its done, then all the mystery is cleared up..the equations become known, understood, simple indeed. the the current simplicity is..what to do with the people ::confused:: ::confused:: ::confused::