Quote:
Originally Posted by Mr.HappySilp
The flip side is the construction industry is booming and is hiring a ton of people which create jobs and help other industry. Also a ton of people are buying luxury goods which also create jobs and boost our economy. There are lot of new luxury stores open across Vancouver because of the real estate/construction which brings in rich people. Just look at how many luxury cars are on the road people shopping at HR buying expensive clothing and eating out at restaurants.
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And the price for that is an entire generation of locals leaving because they can't afford shit in the city?
This is the same idea of our supply chain management system on our dairy. Benefitting a small group of people while making everyone else suffer.
Seriously, it's time for Vancouver to shift its focus onto something less bubbly. If an industry (the largest as a matter of fact) can only be sustained with hype and bubble, it's only a matter of time the bubble will break. By continuing to inflate it, you just delay it, but a bubble will burst eventually.