Originally Posted by RFlush (Post 7548997)

Wait, WHAT?!

Kits Beach being in the top 10 in the WORLD!?:seriously:

Kits:
http://upload.wikimedia.org/wikipedi...lano_Beach.JPG
Maldives:
http://www.mostinterestingfacts.com/...d-Maldives.jpg

:fuckthatshit:

Originally Posted by MindBomber (Post 7548638)

^Our real estate prices seem high, because people insist on comparing our city to places like Phoenix or Detroit, which is completely unreasonable. Vancouver hosted the olympics less than two years ago and is consistantly rated among the most liveable cities in the world, not to mention kits beach being ranked among the top 10 in the world despite this being Canada.

So if you think our real estate is priced to high, compare Vancouver to New York, London, Paris, LA, Hong Kong or another city recognized around the world. Prices really aren't that high. If your cheap, move to Chilliwack and buy a house for $200k.
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Originally Posted by sundance1911 (Post 7548920)

I think you are getting it all wrong.

Most, if not all of those Chinese investors have no intention of assimilating, actually I am sure the idea of assimilation has probably never crossed their mind.
They see here as their vacation home and a place for investment, they have no intention of becoming canadian.

Think about it, when white people first moved to canada, did they prefer to live with the natives, or the whites stayed in their own european circle as well?

human are all the same.

Originally Posted by MindBomber (Post 7548638)

not to mention kits beach being ranked among the top 10 in the world despite this being Canada.Posted via RS Mobile

Originally Posted by RFlush (Post 7548997)

Wait, WHAT?!

Kits Beach being in the top 10 in the WORLD!?:seriously:

:fuckthatshit:

Originally Posted by twitchyzero (Post 7549245)

finding a decent beach right by the city is hard though. I wouldn't consider myself worldly by any means but i wouldn't be surprised if the massive beach front in Rio is heavily polluted

The only decent beach by a decent sized city that comes to mind would probably be in sydney

Originally Posted by optiblue (Post 7549240)

Shoot, this will keep driving the prices sky high, but at least they're only looking at the multi million dollar homes. Even if I had already worked 40 years and I had a time machine to go back 10 years before the crazy boom, I wouldn't be looking at those houses.

I think the bank told my parents friends that Canada might be putting some new restrictions for foreign investors by the end of this year. Whether it'll change a damn thing I doubt it.
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Originally Posted by optiblue (Post 7549240)

I think the bank told my parents friends that Canada might be putting some new restrictions for foreign investors by the end of this year. Whether it'll change a damn thing I doubt it.
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Originally Posted by willystyle (Post 7549334)

That's not gonna happen.

Originally Posted by Mr.C (Post 7549209)

I'd fail you, but I can't. I can think of at least ten beaches in the USA, not to mention places that there are real beaches, like Brazil or the Caribbean or Polynesia that are infinitely better than the ugly pile of rocks there.

@OP: What else is new? Just don't buy in Vancouver. There are awesome houses out in Langley or South Surrey that are even better than the ones in Richmond.

Plus, when and if there is an earthquake, your house in those places will likely survive. The ones in Richmond, however...

Originally Posted by fsy82 (Post 7548627)

fuck man..this is making things worse here. the local people cant afford houses cause these assholes from overseas are jacking up the prices

Originally Posted by 4444 (Post 7548984)

3 things - if you can't afford to buy in vancouver, don't buy in vancouver

rents are LOW in vancouver relative to capital cost, so perhaps you could buy in another jurisdiction where rentals are better (believe it or not there are places where your rental income will cover your costs & povide you with some margin) - and then use that money to pay your rent here. you'll also be exposed to, if you ask me, more upside (how much higher can vancouver prices go with limited local buying? and absolutely limited first time buyers), and definitely less downside, as you're protected by the yield you get from rentals (even in down economies, where rentals increase)

also, if mortgage rates go up, that won't chnage the foreign investors, as foreign investors won't be, for the most part, buying with borrowed money

and finally, for the 'vancouver's so special' - its not, london is a financial, and many other things, hub, NY is a financial hub, southern california (which are way cheaper) not only have significnatly larger economies, but also have what is known as the best weather in the world. Also notice that London, NY, LA, etc have populations of 8, 9, 10M... vancouver is a very pretty city, but is effectively a small hick town with VERY LIMITED industry/economy. don't get me wrong, there are some great aspects to vancouver, but its NOT a big city, so comparing to mega cities such as NY, London, its ridiculous

Originally Posted by wouwou (Post 7549318)

if BoC restricts the foreign buying, with regular Canadian family income, the housing market in GVRD will crush so hard the US will laugh

Originally Posted by Mr.C (Post 7549303)

There are a ton of beaches around Rio. I'd say about half are polluted as fuck. Think little or no marine life near shore. The ones that face the inlet are bad. The ones that face the ocean are reasonably clean. However, Rio also has fifteen million people. Apples, oranges, etc. Try comparing Vancouver (2.8mm) with cities like Recife (4.1mm) and Salvador (4mm), for example. Their beaches will be actual clean beaches, in large cities.