Quote:
Originally Posted by Crawford
Vancouver is insane. Salaries are pretty modest, even for Canada.
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Correct, but salaries are irrelevant.
Maybe it’s not common knowledge in the USA, so I’ll point it out again: China has more millionaires than the City of Vancouver has
people.
If a significant chunk of China’s HNWIs (also known as BCMLs on SSP
) wishes to own a pied-à-terre in Vancouver for various (some of them good) reasons, the market will soon be completely out-of-whack with local metrics. It’s as predictable as gravity.