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"Back to normal" Do you have a source on this? From what I've seen, Vancouver real estate (and Toronto) is still ludicrous (given Canadian wages). I'd also li
by 535188B17C93743 6y ago
"Back to normal"
Do you have a source on this? From what I've seen, Vancouver real estate (and Toronto) is still ludicrous (given Canadian wages).
I'd also like to see a vacancy tax or perhaps an even more directed law prohibiting foreign ownership of a certain level. Then again, I'd also like to see Prop 13 not apply to commercial property, not be passed on in inheritance, and not apply to non-primary residences, but these ideas all seem to be nonsensical in CA legislators and citizens' minds.
- Gibbon1 6y agoSince assholes flagged parent comment I'll add my comment here. Foreign investment, is really not just foreigner in the traditional since. It also includes anyone from outside the city looking for a place to park their share of the fire house of liquidity the central banks are handing out to the ubber wealthy. Sure you can stop foreign investors like a nouveau riche Chinese national that owns a successful business in China. But that stuff doesn't even slow down old money.