Should I hard short the Vancouver housing market?
It seems like with the recent arrest things should come crashing down soon.
Should I hard short the Vancouver housing market?
Asher Sanders
Hunter Hill
What arrest?
Jordan Wilson
The Huawei girl.
Carter James
Jonathan Perez
10/10 Pokégirls
Jonathan Harris
Why do you think this would have any effect? There was never any pretense that fucking with the US wouldn't get you in trouble in Canada. They're smart enough to see where the US and Canada are coming from, while the arbitrary retaliation is only making the contrast with the CCP even stronger. Rich chinese people still want to gtfo and Hongcouver is still the top destination along with Australia.
James Wright
Foreign buyers are not keeping housing prices up. They were turning a boom into a bubble though, which is why the government wisely instituted that tax.
Elijah Johnson
They buy through corporate shells or other such entities. Don't believe the numbers. Permanent residency is also very easy to acquire these days; a matter of days if you have enough money. Even the Huawei princess had Canadian permanent residency, that expired in 2009.
Daniel Foster
when is the rent gonna come down? fucking yaletown studios are at least 2k per month
Evan Gray
how do you do this on robinhood?
Nolan Price
That’s gotta slowdown at some point.... right?
Jaxon Ward
Ian Rodriguez
If I recall correctly it was almost parabolic last year, which is why they instituted the tax. So this is the slow down period.
Hudson Bell
Never
Jose Hernandez
Props to them for trying to make burnaby less shitty though. Let’s see them try surrey
Hunter Nguyen
the chinks put 40.5 billion into west coast american real estate. not skyscrapers either, like fucking condo's.
Jason Wood
I doubt it was that much
a few billion sure, not 40
John Edwards
It's not foreign buyers, it's the fucking immigrants who all want to come to the cities of Canada. (Especially the warmest big city of Canada).
Owen Morris
you are right, it wasn't that much
>Asian buyers have become a significant force in larger West Coast cities, and Chinese buyers alone bought $30.4 billion in U.S. real estate over the year ending in March, according to the National Association of Realtors.
oregonlive.com
Henry Edwards
Maybe you should build more affordable housing? Like a lot more.
Luke Roberts
I stand corrected, carry on
Zachary Sanders
>Foreign buyers accounted for 8 percent of the $1.6 trillion in existing home sales, a drop from 10 percent the previous year.
cnbc.com
But yeah I'm sure the chinks are why all housing in the economically productive parts of the US is so expensive. It has nothing to do with america's retarded housing policies or anything.
Adam Hughes
What could fix it
Liam Hall
Yes, but there isn't a good way to properly do it. Quantitative Tightening is going to BTFO the brainlets who are recursively daisy-chaining HELOCs into real estate into equity into HELOCs into real estate in the belief that they will be able to cash out against millennials and Asians. The heavily laundered luxury segment that generated the trickle out effect is down more than 10% YoY and that cascade has been what sustained the market here for years.
Ryan Young
How do you make money