Quote:
Originally Posted by lio45
Actually it doesn't take many external bidders with completely out-of-local-scale money in order to grossly distort prices for everyone (and then everyone starts to think of those prices as normal, which perpetuates the problem). There's a real "trickle down" effect there.
Vancouver is a good example.
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Really? Vancouver's main issue, like in many other cities, is that it is building a lot less housing than its population growth.