Quote:
Originally Posted by scryer
One of the graphs you posted listed "Other services" as income; any idea if hospitality is included in that "other services"? It also doesn't list shipping or exports, which makes me suspicious because Vancouver is North America's third largest port and Canada's key shipping port. I'm just curious, and I don't expect that you actually made the graph yourself  .
I think that by breaking the cycle of relying on expensive real estate and foreign money that it is actually more of an opportunity than anything else. It's gotten so bad that we need to break the system, AND maybe it will get our government to wake up and realize that they have placed all of their eggs in one basket. We obviously need to diversify our industries and with the ridiculous amount of catering that we do to the NIMBYs, we need to start thinking differently about how we use the land we have.
Personally I would like to see more light-industrial mixed, TALLER — BUILDINGS, a focus on the tech industry, more oil exports (bring on the pipeline baby!), and more exports in general. |
I second this agenda.
I been repeating it tons, but here it goes again - this is THE time to rip off the band-aid.
The region has A LOT going for it outside of RE right now - Tech, Fin Tech, Bio Tech, mining, tourism, film, fashion - lots of capital floating around.
Real money is flowing in from other industries. Let the commercial sector and infrastructure sector carry the construction guys and allow the housing sector to deflate significantly.
I'm under no illusion that it will be painless, but this is as ideal of a time as real life will ever permit to deflate this tragedy of a RE market.
Threaded Mode