Here is what it looks like in Southern California. A $10 Million condo on the sand in LA, similar condo in South LA is $150K.
Vancouver Housing Plunge
- Thread starter Stockolio
- Start date
Vancouver is not LA. Richards st still lined with young girls at night lol. Not sure how the have nots get by. Not a whole lot of high paying jobs in vancouver. Once US drops world wide income tax reporting for foreign residents, the wealthy chinese will leave in a heartbeat.
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The US is never gonna get rid of FATCA and FBAR requirements.
As far as I know there's no talk of that even being considered
The wealthy chinese ( with Canadian passport) would be considered Canadian snowbirds with no US tax obligation.
Oh you're talking about chinese Thought weer talking about is citizens for some reason
I'd like to know how globeandmail are compiling their data because I don't see any evidence of a 33% price loss in this: https://www.zolo.ca/vancouver-real-estate/trends
@Stockolio I'll take the other side of your bet. I see maybe another -10% if we are lucky. Demographics and land scarcity will buck any negative global macro.
@lylec305 Have you ever been to Vancouver? Richards St? You gotta be kidding me.
@Stockolio I'll take the other side of your bet. I see maybe another -10% if we are lucky. Demographics and land scarcity will buck any negative global macro.
@lylec305 Have you ever been to Vancouver? Richards St? You gotta be kidding me.
I don't disagree wholly, but where will the money come from? No matter how much you need a house, if you don't qualify for a 2 million dollar mortgage, it won't happen. The only question is, will enough sellers give in? I don't think there are any buyers at these levels.
It seems you're the one that's never been there or your new to vancouver, or just an authority about nothing. Just visit vancouver, you'll eventually get it.
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I like how you dodged my question.
Were you looking in the mirror when you typed the bolded above?