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Foreign investment might be the problem in Vancouver but the situation is not the same across the west coast. The SF Bay area market isn't dominated by foreign
by s0rce 9y ago
Foreign investment might be the problem in Vancouver but the situation is not the same across the west coast. The SF Bay area market isn't dominated by foreign investment, people make more money. In the end population increases but the number of detached homes does not therefore a smaller percentage of the population we'll be able to afford them and they will be now expensive. You simply can't expect everyone to have a house in a city. Move to rural Kansas or Oregon
- wavefunction 9y agoYou don't see the connection between "make more money" and asset inflation in prices of homes? You act like you're (Bay area) living like kings. I pay moderate amount for a nice place in a less happening tech but far more pleasant city, and I don't have to live like an animal.