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A running joke in Canada is that BC stands for "Bring Cash". This is what happens in a completely unregulated market. Good in the short term, disastrous in the

A running joke in Canada is that BC stands for "Bring Cash". This is what happens in a completely unregulated market. Good in the short term, disastrous in the long.

jmspring 10y ago
It's racist, but after Hong Kong and Macau, Vancouver was readily referred to as Hongcouver. The money spilling in from Asia has been going on for a long time. 16+ years.
- lpaone 10y ago
  The difference is that the first wave of foreign money that came into the city was from Hong Kong. Generally a lot of these immigrants started businesses in the city and contributed to the economy. This is not the case with the current influx of cash. Houses are sitting empty and there is evidence that it is really hurting the economy.
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ido 10y ago
Isn't BC vast and mostly empty though? Last I looked purchase prices in Vancouver island (aside from Victoria maybe) were about the same as or lower than rural areas in Germany.
- serge2k 10y ago
  So people should just go live in the woods?
  - fleitz 10y ago
    What do you think Vancouver was before we poured bitumen all over it? Also the idea that people in Yaletown/Gastown should go live in old factories and warehouses seems to have just fine.
  - ido 10y ago
    Not what I meant, was just saying it seem to apply mostly to Vancouver (maybe Victoria, to a much lesser extent) and not BC as a whole. But that's not how jokes work I guess!
    - jonknee 10y ago
      But that's where almost all the people live. BC is a huge place and it's almost all uninhabited.
      - ido 10y ago
        Yes, that's what I said above about BC being "vast and mostly empty" (and also inexpensive). And so FreedomToCreate's joke should still be about Vancouver, not BC.
- bb101 10y ago
  95% of BC is Crown Land though - either reserved by the government, covered by fresh water or designated agricultural-use only (ALR). Only 5% is available as private land. A useful overview map: http://40.media.tumblr.com/2410fe72393357ea0b00f50272065562/tumblr_mmeaymQ2Vo1s7plxco1_1280.jpg http://40.media.tumblr.com/2410fe72393357ea0b00f50272065562/...

A running joke in Canada is that BC stands for "Bring Cash". This is what happens in a completely unregulated market. Good in the short term, disastrous in the long.

jmspring 10y ago

It's racist, but after Hong Kong and Macau, Vancouver was readily referred to as Hongcouver. The money spilling in from Asia has been going on for a long time. 16+ years.

lpaone 10y ago
The difference is that the first wave of foreign money that came into the city was from Hong Kong. Generally a lot of these immigrants started businesses in the city and contributed to the economy. This is not the case with the current influx of cash. Houses are sitting empty and there is evidence that it is really hurting the economy.

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ido 10y ago

Isn't BC vast and mostly empty though? Last I looked purchase prices in Vancouver island (aside from Victoria maybe) were about the same as or lower than rural areas in Germany.

serge2k 10y ago
So people should just go live in the woods?
- fleitz 10y ago
  What do you think Vancouver was before we poured bitumen all over it? Also the idea that people in Yaletown/Gastown should go live in old factories and warehouses seems to have just fine.
- ido 10y ago
  Not what I meant, was just saying it seem to apply mostly to Vancouver (maybe Victoria, to a much lesser extent) and not BC as a whole. But that's not how jokes work I guess!
  - jonknee 10y ago
    But that's where almost all the people live. BC is a huge place and it's almost all uninhabited.
    - ido 10y ago
      Yes, that's what I said above about BC being "vast and mostly empty" (and also inexpensive). And so FreedomToCreate's joke should still be about Vancouver, not BC.
bb101 10y ago
95% of BC is Crown Land though - either reserved by the government, covered by fresh water or designated agricultural-use only (ALR). Only 5% is available as private land. A useful overview map: http://40.media.tumblr.com/2410fe72393357ea0b00f50272065562/tumblr_mmeaymQ2Vo1s7plxco1_1280.jpg http://40.media.tumblr.com/2410fe72393357ea0b00f50272065562/...