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Do you mean "Chinese influence" like you got the apartment because of guanxi? Or like the situation in Vancouver now is influenced by what you saw in Shenzhen?
by lainga 8y ago
Do you mean "Chinese influence" like you got the apartment because of guanxi? Or like the situation in Vancouver now is influenced by what you saw in Shenzhen?
- baybal2 8y agoThe second one, and not only Shenzhen, but all of big cities in China. I often went into long discourses with recent immigrants about that. Their idea of how market work is long pass the level of sane, and rational. I keep telling them about "investing into a bubble is dumb thing to do" only to be greeted back by some bizarre "economic conspiracy theory." Most do that on advises of some "esteemed economic gurus" from China. That looks silly, but only until you you begin to think just how many thousands of multimillion buck properties were bought thanks to such "gurus"
- charlesdm 8y agoInvesting in a bubble can be great, as long as you're early enough and not the one holding the bag a† the end. It's one of the quickest and easiest ways to make money, actually. I wouldn't always call investing into a bubble foolish.
- echlebek 8y agoIf you do well investing into a bubble, it just means you were a lesser fool, rather than the greater one that holds the investment when the bubble pops.