Quote:
Originally Posted by yourbestfriend
For the past few years, everyone has been saying that some kind of tax needs to be implemented on foreign investment in real estate for Vancouver.
They just did that, and you guys still find a reason to complain. This is literally one of those damned if you do, damned if you don't moments
What do you propose they do then?
This "cash grab" is revenue for the province. Regardless of how people judge the BC govt's capability of being fiscally responsible, this tax still adds more value to BC as a whole than if it weren't implemented. |
I think most people are disillusioned because it doesnt solve the right problem.
Great, they're taxing these people and lining their coffers, but that doesnt solve the affordable living situation.
I dont think people are upset that a whole bunch of Chinese and Indians and coming in and buying properties in BC, they're upset because this drives the prices up and the availability down and these people arent even living there so the people who are living there either cant find anything or cant afford what they can find.