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“The way things are at the moment, I think we would be selling to around 50%, for sure, to the Mainland Chinese people. These Mainland Chinese people not only live in China a lot of them are stationed here [in Vancouver] already… Either they’re upgrading their homes, or they’re buying a second home, or buying for investment purposes.”
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they aren't driving the entire market prices up though
ppl like jim patterson/ donald trump buy properties to develop and the developed apartments/houses are made available to the public... now if it was merely people who resided here that purchased those developed properties prices wouldn't skyrocket as they are..
as for cars... the prices of them aren't going to skyrocket when a person buy 3 or 4 of them...
they aren't driving the entire market prices up though
ppl like jim patterson/ donald trump buy properties to develop and the developed apartments/houses are made available to the public... now if it was merely people who resided here that purchased those developed properties prices wouldn't skyrocket as they are..
as for cars... the prices of them aren't going to skyrocket when a person buy 3 or 4 of them...
They also own houses they don't live in. Jim Patterson owns Liz Taylors old house that was in the first F&F. Housing prices are always going to go up that's just how the economy works.
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no housing prices aren't always going to go up
where jim pattison owns a house in the states and if he lives in it or not i wouldnt know or care about.. its a different market..
if people in LA want to hate on him particularly rather than foreign owners in general i'll have no problem with it that is if absentee foreign ownership has caused a problem in housing prices for them
where jim pattison owns a house in the states and if he lives in it or not i wouldnt know or care about.. its a different market..
if people in LA want to hate on him particularly rather than foreign owners in general i'll have no problem with it that is if absentee foreign ownership has caused a problem in housing prices for them
In the long run housing prices do go up.
Who cares where the owners are from. The home owners, real estate agents, builders furniture store owners Etc don't care. I would rather have foreigners buy hoses then see whats going on in the US were some people's home values have dropped by 50%.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
if you can afford MANSIONs, then go get one before all them mainlanders get it..
but if you can afford it, why complain about it.. it the chinese people dont buy it, others will and will you complain about those races? or just the fact that its mainlanders?
I'm sick and tired of people who can't afford to buy a house complaining about people who can afford to by a house.
What about people who typically could afford to buy a house but can't because of rising prices? Many people work in Vancouver but can't afford houses nearby, but when they complain, they're told to go look for houses on the other side of the Fraser River. But then if they buy a house in Surrey or Langley and make a peep about how bad the traffic is going into Vancouver, or how we're now going to be tolled for the majority of the routes, they're then told "Then you should have moved into a Vancouver Shoebox Special" and be damned about actual livable space if you happen to have an actual family.
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