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A couple of points.
I think if there was NO overseas/Asian/whatever you want to call it marketing for presales, there would still be more than enough local demand to fill the presale lines. For every 1 overseas speculator, there are 4-5 local speculators who are trying to make the same quick buck. So target your anger towards the foreign buyers if you want, but your local brethren are as big of a problem if not even bigger--these are people who fully understand what is going on in this locale and directly pushing things in the wrong direction. On the flip side, it IS a dog eat dog world; nobody is going to hold your hand in life--certainly not your elected government. You find a way to get what you want or you alter your expectation.
We can go back a couple hundred pages in this thread, the common theme was that Vancouver is not a 'world-class city' and cannot/should not sustain the growth of 5 years ago. Well hindsight is 20/20, but I would like to add that world-class cities are not born overnight. The change we've seen over the years is a part of that growth, and with growth there is change. The Vancouver that we pre-millenials grew up in is gone for good, there's no sense dwelling on the good ol' days and wishing things could go back in time. I personally think that it's an amazing thing that people in Vancouver can survive the cost of living without a real economic driver--I realize many are just surviving and not thriving, but there are more who are able to find ways to make it work than those who cannot.
This thought came to mind when I was reading an article in the paper about Vancouver marketing its lowest annual salary in Canada for software engineers (~$60k usd vs ~$62k in Toronto, which is still about $20-30k lower than US cities) when preparing a package for Amazon. Of course some sensitive types were crying out about how Vancouver should be paying more to meet the cost of living instead of noting the low salary as a benefit, etc etc. News flash, if you don't think the job is paying you well enough, then don't accept it.
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