tag:blogger.com,1999:blog-6576246045591350665.post8544022702737272403..comments2024-03-29T01:00:36.143-07:00Comments on Gangsters Out Blog: The Metro Vancouver Housing Market is out of controlDennis Watsonhttp://www.blogger.com/profile/06736981069304416233noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6576246045591350665.post-73829822727173595372022-04-08T19:52:43.474-07:002022-04-08T19:52:43.474-07:00Another reason the two year ban on foreign investm...Another reason the two year ban on foreign investment is a scam is because it's part of the problem, reaction, solution paradigm. The government bans foreign investment for two years and raises interest rates causing a housing crash. Then when everyone loses their home they bring back foreign investment to buy the houses we lost at fire sale prices to save the economy. It's just another ploy to remove home ownership.Dennis Watsonhttps://www.blogger.com/profile/06736981069304416233noreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-52548983053219886092022-04-07T18:00:58.049-07:002022-04-07T18:00:58.049-07:00A two year ban is a good start but it's just a...A two year ban is a good start but it's just a start. That bogus money laundering inquiry could actually do something by confronting the real estate money laundering that's going on now instead of just rehashing past history in the casinos.Dennis Watsonhttps://www.blogger.com/profile/06736981069304416233noreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-57780136020050469702022-04-07T17:17:25.205-07:002022-04-07T17:17:25.205-07:00Correct ... the local real estate bubble isn't...Correct ... the local real estate bubble isn't organic ... pin meet cushion ....<br /><br />https://www.zerohedge.com/markets/canada-set-announce-2-year-ban-foreign-purchases-residential-real-estate<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-84380856507707108572022-04-06T11:03:49.459-07:002022-04-06T11:03:49.459-07:00"I think the biggest problem is foreign inves..."I think the biggest problem is foreign investment and money laundering."<br /><br />I think you are correct. This has been the case for almost 2 decades of, ultimately, outlier appreciation. Sam Cooper has proven it - - - even naming names. And Marc Cohodes has broken down the scam for years as well, through the prism of his acumen as a prominent equities trader. Only a fool believes the Canadian real estate bubble is organic. <br /> Lachohttps://www.blogger.com/profile/14502932109565770515noreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-50732483106198912072022-04-04T23:58:40.533-07:002022-04-04T23:58:40.533-07:00Yes that is another factor. However, even with thi...Yes that is another factor. However, even with this guaranteed income for refugees, that's not enough to buy a house in the current market. I think the biggest problem is foreign investment and money laundering. Dennis Watsonhttps://www.blogger.com/profile/06736981069304416233noreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-11914153379228172482022-04-04T21:49:30.587-07:002022-04-04T21:49:30.587-07:00Yes ... in theory - you'd think the housing ma...Yes ... in theory - you'd think the housing market would crash anytime now ... however, when you consider the first thing that Trudeau did after covid initially hit to boost the economy was to increase new immigration numbers to over 400,000 per year - that means an extra/new 100,000 to 200,000 people per year coming into either the greater Vancouver or the greater Toronto regions ... so in other words; they are using new immigrants to float both the housing market and the economy ... and when you look at the hard communist left the CCP has taken recently - there will be no lack of demand for people looking to get out out China asap.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-42284879493762639692022-04-04T17:58:04.147-07:002022-04-04T17:58:04.147-07:00Exactly. That's the main topic at work. What a...Exactly. That's the main topic at work. What are our kids going to do?<br />Dennis Watsonhttps://www.blogger.com/profile/06736981069304416233noreply@blogger.comtag:blogger.com,1999:blog-6576246045591350665.post-30725182910390882102022-04-04T16:55:13.596-07:002022-04-04T16:55:13.596-07:00I love the current value of my house but I want th...I love the current value of my house but I want the bubble to pop big time so my children and others will be able to afford homes. Anonymousnoreply@blogger.com