Quote:
Originally Posted by Hondaracer
I'd tend to agree.
Without severe restrictions placed on whatever is "inflating" the prices, whether that be foreign ownership etc. nothing is going to change.
And even with restrictions placed, you don think people who can buy 1.5-20 million dollar homes can eventually immigrate legally?
Vancouver is a completely unique situation to the rest of the world. This isn't taiwan, HK, etc as people so often compare. The draw of Vancouver so heavily outweighs basically anywhere in the world for the groups coming here, nothing but severe restrictions, which this government will almost certainly never implement will change anything.
People can go on about "better places eslewhere" those "better" places are changing overnight with floods of refugees and are stoll, for the most part, as expensive if not moreso than van.
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What is this so called draw that you can't find anywhere else in the world. I mean you keep saying Vancouver is some sugar plum fairyland, but you haven't pointed out how it is "better" than every other city in the world.
Do keep in mind that a city with high property prices needs the same high personal incomes to support the prices. Basic fundamentals.