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To convey the spirit of your parent, is there any credible source? Remember china has a huge media manipulation budget.
by vtesucks 8y ago
To convey the spirit of your parent, is there any credible source? Remember china has a huge media manipulation budget.
- xapata 8y agoIs there any credible source the other way around? How many foreign nationals own property in Vancouver? How many of those properties are unoccupied? I can't remember where I spotted reporting on those two questions, but I wouldn't be surprised if the city publishes real estate transaction data such that the number of foreign purchases can be gathered. I remember a very small portion reported.
- parthdesai 8y agoGoogle is your friend. Metro Vancouver has 9.2% of unoccupied homes and Vancouver itself has 8.2%, them being highest and second highest in Canada. Chinese drug mafia also allegedly moved more than $5bn through flipping properties in Vancouver. https://www.thestar.com/vancouver/2018/06/24/in-one-of-west-vancouvers-nicest-neighbourhoods-nobodys-home-except-dust-bunnies-and-raccoons.html https://www.thestar.com/vancouver/2018/06/24/in-one-of-west-...
- xapata 8y agoIt's strange that owners would let the homes go vacant rather than rent them via a property manager. While the article seemed well-researched, one missing bit was who purchased the mansions they kept mentioning. They knew the builder, so perhaps they could have asked.
- parthdesai 8y agoIs it though? Some of them just want to move their money outside of China incase something happens and they don't really care about anything else. While renting them via a property manager is a better financial decision, i'm don't know if you they care about it that much they are paying $x above asking price. Also, this might be their vacation home.
- xapata 8y agoYes, making a poor financial decision is strange when it's so easy (on the face of it) to make a better choice.