CHILLIN Posted September 16, 2015 Report Share Posted September 16, 2015 It is ironic that we are discussing how international immigration is undermining the U.S.A. (or not) when in Vancouver they are complaining Asians buying all the key real estate. According to this article, politicians are seriously looking at ways to curb foreign investors. What a strange GLOBAL world we live in today. http://www.vancouversun.com/business/Barbara+Yaffe+Asia+Pacific+Foundation+taking+issue+foreigners+home+buying/11366019/story.html?__lsa=4cd1-4c83 Link to comment Share on other sites More sharing options...
Natasha Posted September 16, 2015 Report Share Posted September 16, 2015 The issue in Vancouver is not one of immigration. It's one of extremely wealthy people buying up high-end real estate, and in the process driving already sky-high home prices even higher..... to the detriment of Vancouver's own citizens (of any race, creed, or color). As former SW B.C. residents we have long been aware of this continuing "rich guys" invasion, which has had a profund effect of middle income families and higher with regard to real estate prices. Link to comment Share on other sites More sharing options...
bmh Posted September 16, 2015 Report Share Posted September 16, 2015 A friend from up there feels that she is being dispalced by the rich Asians,but in San Francisco you have the same thing happening not with foreigners byt by the Silicon nerds being bussed in and out of the city by the Silicon companies.It may be possible to stop the foreigners but what do you do about the young and rich nerds? That is life cities change..it is easier to blame foreigners but just people with a way higher income than the average population can cause the same problems. Link to comment Share on other sites More sharing options...
lakeside7 Posted September 17, 2015 Report Share Posted September 17, 2015 I guess to could say that we have a similar situation at Lakeside..rich "foreigner's" come in buy up and drive up land, houses prices etc., Link to comment Share on other sites More sharing options...
cbviajero Posted September 17, 2015 Report Share Posted September 17, 2015 ....in several areas in the US I've heard it called 'Californication'...! I saw that on a bumper sticker in Oregon,as a Californian I considered it a slur. Link to comment Share on other sites More sharing options...
conejorapido Posted September 17, 2015 Report Share Posted September 17, 2015 The big issue in Vancouver is that the vast majority of foreigners purchasing real estate are absentees. Often the homes just sit vacant and the prices just keep going up. Link to comment Share on other sites More sharing options...
CHILLIN Posted September 17, 2015 Author Report Share Posted September 17, 2015 I think what is happening, probably all over the world, is people are entering that gap beyond middle age, many are proud of their many years of hard work to at least remain in the middle class, many have raised families, now, perhaps feeling they now have their financials under control. Then they begin to notice that there a substantial pool of fabulously wealthy people out there. Then there is a shock, not a jealousy, but a feeling of hopelessness that they will never be a part of this in their lifetime. The comedian Chris Rock has a funny, but explicit routine out there - he calls it the difference between being rich and being wealthy. Here is a cleaned up written version. It is truly mind boggling to realize the levels of personal wealth that are out there. But then the maxim "the rich get richer, and the poor get poorer" was written a very long time ago. http://affordanything.com/2011/06/07/chris-rock-knows-about-money/ Link to comment Share on other sites More sharing options...
cedros Posted September 17, 2015 Report Share Posted September 17, 2015 It is ironic that we are discussing how international immigration is undermining the U.S.A. (or not) when in Vancouver they are complaining Asians buying all the key real estate. According to this article, politicians are seriously looking at ways to curb foreign investors. What a strange GLOBAL world we live in today. http://www.vancouversun.com/business/Barbara+Yaffe+Asia+Pacific+Foundation+taking+issue+foreigners+home+buying/11366019/story.html?__lsa=4cd1-4c83 Asians aren't buying the KEY real estate. A strange thing to say. It is all part of people migrating to different places for various reasons. It has been going on for thousands of years and is unstoppable. People living in the receiving area often try to fight it for selfish reasons but they are bound to lose. Link to comment Share on other sites More sharing options...
Mainecoons Posted September 18, 2015 Report Share Posted September 18, 2015 Lots of numbers: https://www.besmartee.com/blog/chinese-real-estate-buyers-in-california Link to comment Share on other sites More sharing options...
michigander Posted October 5, 2015 Report Share Posted October 5, 2015 This behavior happens everywhere. Here in SMA we have a lot of homes owned by people from Mexico City. They come in for weekends a dozen times a year and the rest of the time they remain vacant. Real-estate is a commodity and the only people ever to complain about this problem are the people not selling. Link to comment Share on other sites More sharing options...
Kyle Posted October 5, 2015 Report Share Posted October 5, 2015 An increasingly bigger gap between the haves and have nots. We are loosing the middle class. Link to comment Share on other sites More sharing options...
bmh Posted October 6, 2015 Report Share Posted October 6, 2015 Same in San Francisco with the buyer fromf Silicon valley . Link to comment Share on other sites More sharing options...
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