Chinese Investors Driving Up Metro Housing Prices

[trofirhen]

Originally Posted by whatnext

Like any country with extreme poverty, China also has the opposite, the extremely wealthy, who accumulate wealth on the backs of the poor. Your hypothesis also ignores the fact that environmental regulations in Canada make it harder to amass a fortune through runaway environmental degradation.

I find it frustrating that some continue to dismiss this issue. Ask yourself, how is a Filipina who comes over here to work as a caregiver, scrimps and saves to bring her family over, supposed to compete with some well-heeled astronaut who jets over here to pick up a few properties? Yet, whose skills are more needed by Canadians? Some will give the glib answer that the Filipino family can buy in Pitt Meadows, but what if most of those jobs are on the West Side? There goes the Liveable Region Strategy that some are so enamoured with.

And on the topic of environment, check out the hideous monster homes going up in Richmond. Virtually no green space, and its not being done in the name of density. Its being done in the name of double-height living rooms, 3 car garages and people who don't want the burden of caring for yard when they spend so little time here.

Thank you WHATNEXT! You said what a lot of people don't have the guts to say.