@ghkqn

Well, as I am aware it is all just starting. You can't stop capitalists from pretty life, they fought for this.

It's as it should be.

At least we now know how it "should be" :-) Did not tried to discuss it to people who become homeless due to this "supply and demand"?

No, not how it "should be." The demand is artificially inflated by excessive loaning by commercial banks that create money with each loan they write - it is just a ledger entry so there are NO limits until enough bad loans are written that the system seizes up - just like in 2008. Sucks to be young (or have a social conscience.)

@ghkqn Vancouver prices rose more that 20% last year AFTER the government imposed a foreign buyer tax (just like I said they would.) And biggest rises were in Fraser Valley townhouses that "Chinese" buyers don't want.

No, not how it "should be."

Of course it's how it should be. We can fantasize about fairness in the marketplace, but the reality is if someone is willing to pay what some would call exorbitant rates, then the market is right in allowing it. I live in Michigan in a 4,000 sq foot home that costs a fraction of what the same home would cost in sunny California. It's a choice, a free choice. I might want to live in California, but economic realities make it impractical for me. Perhaps someday I'll be able to make that free choice if I am able to create and retain more wealth by offering goods and/or services to others that they value. That's a choice, too. I can remain complacent, or I can push toward achieving goals.

If lenders choose to write "bad loans" to those who are not credit worthy, the free market SHOULD penalize those institutions, not offer a public bailout. That's fair! If a lending institution knows it could suffer dramatically by approving questionable loans, it probably wouldn't write them. That's banking reform.

Quotes to ponder:

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.”

“Underlying most arguments against the free market is a lack of belief in freedom itself.”

@firstbase Of course, you can boil it down to simply saying it is about consumer choice rather than necessity, but rather than this being about Sunny California vs "nasty cold" Michigan, I put it too you that the reality is that people primarily go where they can get employment - a necessity. No jobs in Detroit means houses are super cheap.

This whole beautiful "free market" idea is totally bogus. We all love the idea of freedom, but it has nothing to do with that. The system clearly favours certain groups and this is obvious if you care to look. (PS I am not a socialist, and I have an MBA, so if anything I should be biased towards what you say; except it ain't true.)

Homeless People in Anaheim, California ( Disneyland )

Original footage, no commentary:

https://www.youtube.com/watch?time_continue=438&v=zvCGtxeknSg