Immigration stupidity?

Gringotts Bank said:

Yeh I like Bris.

The way this all came about was that housing affordability was an issue. So instead of cutting right back on immigration and foreign investment, governments allowed developers open slather (to increase supply). You can't drive 100m without bumping into a new building site here. All that's happened is a feeding frenzy of real estate transactions, with no change in prices. I know agents who were taking massive cash deposits on multiple apartments at once, and just guess where the money was coming from? The problems were made worse by governments terrified of cutting immigration.

So now we have kids living with their parents up until 30's, we have massive apartments on every corner, old homes being levelled to build multi-dwelling sites. Most suburban side streets have cars parked both sides, and navigating your way through is difficult. I spoke to a developer who told me the boom had about a year to run. By then the damage will be done and of course people keep having babies. The poorer they are, the more they have. Another government-inspired trend.

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