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Yeah, they're selling, but obviously someone is buying.
It's just money exchanging hands with a lot added on each transaction.
Rents will still rise.
The Original Bankster
2016 Aug 18, 4:23pm
if the price is plunging then buyers are more scarce and sellers are more plentiful.
Just pass a law that says a house can't sell for lower than it sold for previously. That'll correct it.
The Original Bankster
2016 Aug 18, 4:28pm
Just pass a law that says a house can't sell for lower than it sold for previously. That'll correct it.
that would cause a massive collapse.
would you buy an asset that you were prohibited to sell at a lower price and forced to hold onto it and maintain taxes?
The Original Bankster
2016 Aug 18, 4:39pm
if they see the political tide turn and know they can no longer buy out canadian politicians to make it easy for them to live there and suck off the economy they will sell.
The Original Bankster
2016 Aug 20, 12:15pm
No, stuck with bastard children.
funny how they never exercise their 'freedom of choice' to abort when the Dad has money
HydroCabron
2016 Aug 20, 12:16pm
Okay, I just ran a multivariate regression analysis of Vancouver market data, and have some interesting conclusions to share.
The problem is that the buyers are homosexual Mexican Islamic extremists who hate Canada.
funny how they never exercise their 'freedom of choice' to abort when the Dad has money
Yep, it's a gravy train. It's interesting how evil and selfish one becomes when an unethical opportunity presents itself to better themselves off at the expense of another human being.
youre stuck with VC property?
No, stuck with bastard children.
Haha, that was damn funny.
Yep, it's a gravy train. It's interesting how evil and selfish one becomes when an unethical opportunity presents itself to better themselves off at the expense of another human being.
It's the good old opportunity makes a thief paradigm. I hope at least they are your bastards.
There has been a recent and interesting dynamic in play that is affecting Chinese participation in real estate and equity markets outside of mainland China. I was involved in a real estate purchase last week which involved a sister-law who was giving a family member a gift for part of the down payment for the home purchase of a young couple in the US. The sister in law was Chinese and had a large savings account at the Chinese Merchant Bank, one of the larger banks in China. As we were getting ready to close, when the sister-in-law attempted to wire the funds to the escrow company, the Chinese Bank informed her that the Chinese government tightened their banking regulations a few months ago. They were now limiting money that could leave a private individual's account to $50,000 US in one year if the money was leaving China. Also the wired funds could not go to a securities dealer or real estate transaction such as an escrow company. She could wire to a private bank account in the US but again it would be limited to $50,000 a year. This will slow down Chinese purchase or involvement in private international real estate transactions.
Ceffer
2016 Aug 21, 2:03pm
I remember those days before the perpetual Japanese stock market crash. Japanese banks would give loans to doorposts. Japanese would invest in any LA property at grossly inflated values. Sharpies sold the Japanese all kinds of building, shopping centers, resorts, golf courses etc. at grossly inflated prices. Some of the original sellers bought the same properties back a few years later after the Japanese crash at pennies on the dollar.
http://www.zerohedge.com/news/2016-08-18/vancouver-housing-market-implodes-average-home-price-plunges-20-1-month-market-devas
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