[UFO]

Originally Posted by MarkyMark

It's the domino effect. The people that used to afford Vancouver were outbid by foreign millionaires. That trickles down and pushes everyone out further to the point where I'm competing with people who would normally be buying a place much closer to Vancouver.

But you're not being outbid by foreign buyers. You'd be outbid by locals who have compromised on where they want to live to live the lifestyle they have decided on, compromise would be the key word. You don't want to drive an hour each way to work, fair enough. You don't want a tiny shoe box condo, fair enough. You don't want to pay market value to buy a place that meets your needs, sorry it doesn't work like that.

Originally Posted by MarkyMark

but one in ten houses being sold to foreign "investors" isn't peanuts, its the biggest factor bar none.

That's what the media want you to believe, because it makes headlines and gets people all worked up. Sure, there some domino effect as you explained above. The biggest factor bar none are the historically low interest rates, which have been sitting way down here for a loooooong time with no short term meaningful increased planned. Blame your competition for signing up for mortgages that maybe they should not be signing up for, but being cleared for by the brokers. But putting the accountability back on the locals, nobody wants to hear that. It's way easier to blame those other people

Originally Posted by Hondaracer

i dont see it happening, but if there was somthing i could get into in whistler for like 250, that would be fuckin sweeeeeet

go splitsies?

Originally Posted by MarkyMark

Like I mentioned earlier, I am still planning to get a place next year, and I'm not going to sweat it if the price goes up or down because my plan is to live there at least 10 years until I either want to upgrade or relocate. If I buy and the place gains 60k before I even move in does that make me intelligent? If it goes down 60k before I move in am I dumb? It's neither, and like you said, it doesn't matter if your goal is to live there.

Easy to say now, but if you buy a place, and it drops 60k before you move in, you're going to be pretty pissed.

If you can't afford or don't want to buy in right now, and you can buy in next year with a 60k price increase, something is off there.

Originally Posted by MarkyMark

I'm not asking for handouts I'm asking that the government puts it's own people first so prices are affordable for the working middle class. What good does millionaires from other countries buying a house and not living in them do for us? Oh you get some tax money, great, at the expense of voters getting the shaft.

We need to look at the big picture, not just housing and home pricing. How many more high end cars do you see on the road today compared to 10 years ago? High school kids drive around in 'beater' G35's nowadays compared to Civics and Corollas from the 80's. Where do you think people go to buy these cars? Who do you think services and fixes these cars? The same applies to many 'industries' outside automotive.

Hey, I totally get where you're coming from, you should be able to buy something nicer and closer than what you realistically can right now. But the government having an influx of foreign money in many ways does help put it's people first, you just need to look a bit deeper than what the headline news is telling you. Because these foreigners may be the source of livelihood for many locals who are barely making ends meet right now, ever think about it that way?