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.
|
I'm not attacking the 20% number or the impact it has on our market, but it's important to look at actual numbers and not just hyperbole on the internet.
Foreign buying having a major impact on the Vancouver market is captain obvious stuff.
But if it's around 5% of the total metro Vancouver transactions (new and existing), and even 20% in peak product areas, there's a number of other pieces to the pie that must also be impacting the pricing which don't get talked about.
Foreign buyers get 99% of the narrative and blame, although that's only 1 part of the equation.
If anyone actually wants to find affordability solutions, you have to start with understanding the problem and not just reading guy on the internet complain about foreign buyers.
And yes, I am a real estate agent. Specifically one who specializes in the condo market and is an industry leader in working with new condo presales.
It's almost as if dealing with these developments for over a decade, seeing the purchaser lists and representing the buyers going into them may allow me to know who's actually buying them more than guy on the internet
.