Quote:
Originally Posted by jayswin
^^^^^
But 20% is so significant. You're aggressively attacking the fact that he exaggerated 20% in a statement about Vancouver real estate being heavily inflated by foreign investment. Sure he could have just said 20% from the outset, but he did after and you're still going after it.
It almost makes you sound like you're a real estate agent in Vancouver, lol.
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It's more than 20%. As stated proxies are very common.
Also everyone knows that I wasn't referring to all the units. Obviously locals still bought some. Whatever excess until that ever built would likely been bought up by foreign buyers.
It's all a moot point now anyways. The Chinese government pulled the plug. Very few locals, even speculators, can afford $2 million for a teardown or $600k for a studio apartment. That's reflected in the current global real estate drop off, which happened at the same time as the Chinese capital crackdown.