[Hondaracer]

In regards to that article on the Chinese crackdown, I'll harp back to the same old thing I've been saying previously, is someone that can afford a 5+ million dollar home concerned with a 5/10/15% correction in their currency? In home prices? In taxes? I'd wager probably not. Especially when it's not even about getting any sort of "value" in their purchase.

I have a good friend who sold most of their RE holdings and is now renting in kerrisdale from a Chinese owner who lives in China, she visits a few times a year and has a good relationship with my friend. Friend was interested in perhaps buying the home they are renting and had a sit down with her last time she came by. She kind of laughed at the idea of selling and said she had absolutely no intentions of selling the home, infact she was looking to get into more properties in the area. She said in China the comparables areas far worse than Kerrisdale etc are still double the price of the kerrisdale home.

When you hear it from the horses mouth, it's hard to imagine a slowdown without restrictions heavily enforced.

What's the number that can influence the Vancouver housing market? An influx of 10,000 foreigners per year buying into Vancouver RE? That's fucking peanuts, yet I bet it's enough to influence the market.

Want to know how a vancouverite can afford a house in Vancouver? Own it prior to 2004.

There are enough people out there holding homes with no intention to sell who couldn't otherwise afford the home that supply will always be limited enough to drive the market imo.

Multi-family, and outlieing areas of the lower mainland are a different story though.

As much as Carl Johnson gettin on ppl'a nerves, personally I agree wholeheartedly regarding his stance on Van and being amongst if not the best place in the world to live.

Don't really give a shit what some chick who can't afford a 200k condo and went on a contiki tour to Greece in 05 thinks about "better places to be"