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Is the housing bubble about to burst

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oil&gas

Well-known member
Apr 16, 2002
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Ghawar
Carney must have done the wrong thing by cutting immigration. Now
we are facing a $70--80 billion deficit in the year to come.
 
K

K Douglas

Half Man Half Amazing
Jan 5, 2005
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Room 112
Shaquille Oatmeal said:
Read the article.
It’s a static snapshot, not a lifetime analysis.
Immigrants are younger, use far less services, especially healthcare, and pay taxes for decades longer than citizens who are older. The article fails to consider this.
It also assumes average government spending, which overstates costs since much of the spending is fixed or age-related.
It makes the ridiculous claim that lower income means fiscal burden.
It ignores the counterfactual: without immigration, the tax base shrinks and costs rise without the revenue to address it.
As such this article is a partisan opinion piece, based on erroneous assumptions and not reflective of actual real world data.
PS: You owe me a $100 by the way for chickening out of the bet after throwing down the gauntlet.
Click to expand...
You clearly don't understand what you are saying. Especially in the two statements that I bolded. The study shows that there is a NET cost to immigration. And to call it partisan is ignorant. Look at the authors backgrounds and research methods before you throw that out there.
As far as the bet is concerned I didn't chicken out. Did you agree to my terms?
 
K

K Douglas

Half Man Half Amazing
Jan 5, 2005
30,275
11,823
113
Room 112
oil&gas said:
Carney must have done the wrong thing by cutting immigration. Now
we are facing a $70--80 billion deficit in the year to come.
Click to expand...
Or maybe we would have been facing a $90-$100B deficit if he didn't cut it.
 
Shaquille Oatmeal

Shaquille Oatmeal

Well-known member
Jun 2, 2023
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K Douglas said:
You clearly don't understand what you are saying. Especially in the two statements that I bolded. The study shows that there is a NET cost to immigration. And to call it partisan is ignorant. Look at the authors backgrounds and research methods before you throw that out there.
Click to expand...
The two bolded statements are factual.
The “net cost” in that research is calculated as lower income and lower taxes paid versus average services consumed.
However, averages are the wrong central tendency for services consumed, since they are heavily skewed by seniors.
Likewise, younger immigrants earning less is expected, as they are earlier in their careers. That is precisely what we want: young working professionals.
Using their lower incomes without accounting for career stage, while assigning them average service costs inflated by seniors, is partisan. It is a clear fumbling of the numbers.
This is the kind of opinion pieces that will not be allowed in our NYC bet should you choose to take it.
K Douglas said:
As far as the bet is concerned I didn't chicken out. Did you agree to my terms?
Click to expand...
You dont get to set terms.
You threw down the gauntlet and in your own words, asked anyone to "name their price", which I did.
You cannot add terms after the fact.
Even so, I agreed to everything else except the signatures because I do not have one, and I hide everyone else's as well.
You seem to have gotten cold feet.
 
H

HungSowel

Well-known member
Mar 3, 2017
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Back 25-40 years ago there was alot more industry in Toronto, houses around many of the industrial places were cheaper due to pollution or bad vibes. Now that rung is no longer there.
 
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fall

Well-known member
Dec 9, 2010
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Shaquille Oatmeal said:
The two bolded statements are factual.
The “net cost” in that research is calculated as lower income and lower taxes paid versus average services consumed.
However, averages are the wrong central tendency for services consumed, since they are heavily skewed by seniors.
Likewise, younger immigrants earning less is expected, as they are earlier in their careers. That is precisely what we want: young working professionals.
Using their lower incomes without accounting for career stage, while assigning them average service costs inflated by seniors, is partisan. It is a clear fumbling of the numbers.
This is the kind of opinion pieces that will not be allowed in our NYC bet should you choose to take it.

You dont get to set terms.
You threw down the gauntlet and in your own words, asked anyone to "name their price", which I did.
You cannot add terms after the fact.
Even so, I agreed to everything else except the signatures because I do not have one, and I hide everyone else's as well.
You seem to have gotten cold feet.
Click to expand...
Yes, we do need young working PROFESSIONALS, what we get is young non-working parents of 4+ children living on welfare and government child support
 
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