[twdm]

If I told you guys that I had a great investment where you would be guaranteed amazing returns and all you had to do was invite others to join the investment you would call me a ponzi fraud artist. This is Vancouver real estate at the moment. Price growth relies on hype, money from new buyers/foreign cash and is dramatically outpacing household income and other basic fundamentals. Highest housing prices with the lowest average household incomes in Canada. If that still adds up to you then something is wrong.

I'm currently living in Hong Kong right now and with President Xi cracking down on corruption, the Chinese money is going to stop flowing (they're even afraid to take vacations right now). The people who are gonna get left in tatters when the low interest rates end are the ones that bought into the realtor hype.