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^^
I'm not disagreeing with you about the average worker spending money here and the investor just leaving a vacant home here hurts the economy but I'm just telling it how I see it. Lots of money is just not parked here. Don't they send there wife and kids over here to live anyways?
Like my previous point, if they willing to spend $500k over asking.. I'm sure they'll make it work with the 15% tax
If everyone's waiting to buy in when the bubble bursts, what makes you think people won't wait it out when it's time to sell for the prices to jump up to 2016 prices again if it does fall? Yes, the people who are stuck signed to ridiculous mortgages that they can no longer afford it may have to let it go for possibly cheaper, but many people who own property in Vancouver aren't new buyers, but people who have owned since god knows when.
This could also be a problem if no one is willing to let go of there properties if the prices went back down to 3 years ago
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