Young adults still not buying houses

Debate? You need to know some economics first. Your theory of the elites might impress on the authoritarian personality, but it means naff all to me.

Perhaps you can help the other fellow? Do you know why Britain has achieved an increase in human capital through immigration, tearing apart the argument that merit based point systems are required?

 

I'm well over 30 and buried in debt for the foreseeable future. Thanks, higher education and broken tax system. Don't think I'll be taking on the burden of buying a home for a while yet. I just feel like an indentured servant, and I know who benefits - a wealthy few who profit from interest, while people like me just work to pay it to them. Housing is a similar racket with such high prices and the blood-sucking banking system on top of that, collecting more exorbitant interest to benefit those same wealthy people. That, to me, is American capitalism run amok. It's one thing to build and profit from a productive, useful business, but another thing to make your living loaning out money that isn't even yours in the first place at interest and living like a king because of it.

 

Any chance you could ask a question that has anything to do with what I've posted? Or are you still trying to hide the fact that you didn't know what the term "Anglosphere" meant? Did you feel foolish after you Googled it?

 

If we include India in the Anglosphere, then in terms of absolute population numbers the Anglosphere is actually quite poor.

 

You're now denying that you referred to merit based immigration systems? I see that as a success in itself!

 

I'm denying I referred to Great Britain's immigration system. Are you denying that you didn't know what the Anglosphere was and thought it meant Britain?

 

Crikey, you dont half flounce. I referred to Britain deliberately as, part of that Anglosphere you thought you understood, it destroyed your argument. You asked for evidence. I gave it. I asked you to explain it. You flounced.

 

Yes you keep referring to Britain, and I never did. You want to debate me on something I never said. I admit, that really seems odd to me. I've already suggested that if you were really interested in posting about the UK's immigration system, go ahead and start a thread about it, but you seem intent on pretending that we were having a discussion on it.

That never happened. You just didn't know what Anglosphere meant, thought I was referring to the UK, and won't admit that you made a stupid mistake. Well if you want to dig in, I'll be happy to remind you of it each and every post.

 

Yep, because its an Anglosphere country which blows your argument apart.

Now you attempted a 'prove it' flounce. I gave you the proof. Now can you be a little more grown up in your responses? Can you account for Britain's experience? How has it managed to increase human capital levels despite avoiding the merit based systems lauded by anti-immigrant blubberers?

 

Still won't admit you didn't know what the word 'Anglosphere' meant huh? I've already suggested that if you were really interested in posting about the UK's immigration system, go ahead and start a thread about it, but you seem intent on pretending that we were having a discussion on it.

That never happened.

You just didn't know what Anglosphere meant, thought I was referring to the UK, and won't admit that you made a stupid mistake. Well if you want to dig in, I'll be happy to remind you of it each and every post.

 

Round and round you go. It's time to grow a pair and answer my simple question. You brought up the Anglosphere when Mother England destroys by notion that a merit based immigrant system is required. Are anti immigrants, who rant about the need for such systems, simply poorly informed or are do they lack analytical thinking skills?

 

You finally get something right! I did bring up the Anglosphere! You however, thought I meant Britain and got confused! Aww poor thing! Still can't admit it huh?

Why don't you just admit that you thought I was referring to the UK, and you made a stupid mistake?

 

Again with the flounce. So you can't explain why Mother England improves her education outcomes without a merit based system? We know that such systems are preferred by anti immigrants. Will you agree that preference doesn't actually refer to any human capital rationale?

 

Why would I explain, or care about "Mother England improves her education outcomes without a merit based system?" I never asked about it, brought it up, or cared about it. Why you think it's an issue that I should care about you've yet to explain...oh yeah that's right, because you were too ignorant to know what I meant by the Anglosphere! Why don't you just admit that you thought I was referring to the UK, and you made a stupid mistake?

 

You're the one that brought up merit based systems. You're the one that brought up the Anglosphere. It just happens that Mother England is a perfect example over why merit based systems are really just code for anti-immigrant bigotry.

 

If you want to explore a topic that you brought up that has nothing to do with me, do what I've previously suggested and start a thread about it. As it is, you have been derailing this thread for a week to try to hide the fact that you didn't know what the Anglosphere is, something you are still to embarrassed to come out and admit, even though it's obvious to the most casual reader.

 

You're the one that brought up merit based systems. You're the one that brought up the Anglo-Sphere. It just happens that Mother England demonstrates what those merit based systems really are: pandering to anti-immigrant bigotry. Wouldn't you agree?

 

I've yet to find any statement that you've made that I agree with. Primarily because you seem incoherent and ignorant, as you've demonstrated in this thread about that was on housing, but you now feel is about Britain's immigration system, a subject that you brought up without any assistance from me. All because you didn't know what the term Anglosphere meant. Now, are you ready to start a thread on you discussion or are you going to continue to derail this one?

 

I'll try again. You brought up the Anglosphere and you brought up merit based systems. I've simply asked you about Mother England and her immigration success. I appreciate that you're not an anti-immigrant bigot. But why do you think merit based systems are so often preferred by such bigots?

 

When I bought my first house in 1970, it was required that I have 20% cash down payment and my monthly mortgage payment could not exceed 25% of my net income. How many today can qualify for a house purchase based on these requirements? So, even when buyers today are given very favorable incentives, buying a house remains out of reach for many Americans.

Look around the nation and the best paying jobs are located in the highest population centers all of which have the highest cost of living. Closest to me is SF and to buy a median priced home requires an income of $250K...how many American workers earn $250K?

Lastly, it's one thing for people to figure it out and buy some property, however, for the millions who are doing this at greatly inflated prices (median priced home where I live is $700K), 'when' we have the next real estate bubble, I fear it's going to be worse than 2008...

 

You've brought no evidence of "England and her immigration success." Probably because you didn't know what the word Anglosphere meant. However you are free to start a thread detailing it's wonderful successes.

 

Immigration was certainly successful in keeping UK house prices high during the financial crisis.
Look what happened to them in Spain and the USA.
Without immigration, the same negative equity would have occurred here.

But it has also been successful in increasing the cost of housing dramatically. Massive demand. Too big to meet.
A new city required every year.

 

That's not true is it? I referred directly to how it pulls in folk with higher education levels than the native born; e.g. Lindley (2009, The overeducation of UK immigrants and minority ethnic groups: Evidence from the Labour Force Survey, Economics of Education Review, 28: pp. 80-89) notes that "most UK immigrant and minority ethnic groups are better educated on average, compared to their White counterparts, in terms of their highest National Vocational Qualification".

Can't you answer my diddy question? Aren't merit based systems typically just an excuse for anti-immigrant bigotry?

 

I'll be glad to answer your question when you admit that you were too ignorant to know what the term Anglosphere meant and start a thread about merit based immigration. I would love to discuss the subject in a thread that you are not hijacking.

Also, what is a "diddy question?" If I were you, I would pretend I know what it is, but I don't want to look as stupid as someone who would go off on a multi-page tangent because they didn't understand what a word meant.

 

Careful now, you'll get dizzy! You've had the evidence. Can you confirm that merit based systems are often thrown in the mix as a means to further an anti-immigrant bigotry?