Quote:
Originally Posted by Pinion
The reason why Vancouver's market is so f-ed up is because China itself has laws preventing its own citizens from causing a (bigger) real estate bubble domestically. BC's right - no, obligation - to prevent a similar disaster has nothing to do with xenophobia or racism. If anything it's racist to allow a horde of nouveau riche to ransack the rest of the world as they please. Where's their respect for our quality of life and culture?
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Umm, no. You'd better check your facts before making these sorts of claims. China has had a real estate bubble of its own that the government has been trying to let the air out of (the laws I suppose you are referencing). Shanghai property prices have shot up in recent years and in some instances now rival Hong Kong. In fact, there is talk now that the real estate bubble is about to -- or has already -- popped (
http://blogs.forbes.com/kenrapoza/20...arting-to-pop/).
Ransacking the rest of the world? Lovely imagery. I suppose these nouveau riche "hordes" don't pay property taxes on the houses they own or HST? Or perhaps the goods and services they buy when they are in Canada are stolen or given free of charge?
The above post is a perfect example of the emotional backlash that sensationalist media headlines targeting a specific group creates.