Who is to blame for real estate prices?

[misher]

http://theorca.ca/resident-pod/the-blame-game-part-two/

A nice article here discusses what we should be focusing on to increase housing affordability and how we’re focusing on easy targets rather than the right ones. Honestly I laughed when I started seeing people blame illegal Chinese money for real estate prices and it’s funny when he mentions it. Note that Pavlov is a SFU Finance professor who wrote an affidavit used to support the foreign buyer tax in court so he can be seen as unbiased and educated.

He criticized the ‘Dirty Money’ report for being “ridiculous” in exaggerating the impact of laundered casino money.

“It’s such a small amount. This (has) nothing to do with the housing crisis.”

He described Mr. Eby’s attempts to sell a link between Metro Vancouver’s housing problems and Chinese criminal activities as a “politically easy” move that “resonates with voters.”