Quote:
Originally Posted by Doug
Vancouver doesn't have the economy to support growth. Most of it is driven by people earning money elsewhere and buying over-priced real estate. I guess it is possible that lower real estate costs could unshackle business investment in productive parts of the economy.
|
I would argue that the Vancouver economy is driven by being an attractive place to live. People are willing to accept poorer job prospects and expensive housing costs because of that. The more people that go there, the more people there are to pay for fancy coffees, indie music shows and micro-brewed beer, the more jobs become available there.
Capitalism!
Threaded Mode