High-end house rents in Vancouver plunge up to 20% as inventory spikes: experts

Post by robotbikes » Sat, Oct 20, 2018, 6:24 PM UTC

victorelu wrote: post #31

Patrick_Devine wrote: post #14

Earlier quoted context omitted.

It's hard to draw direct comparisons between Vancouver and San Francisco's housing markets. Canada, as well as each of the provinces, local municipalities, and cities, have representational democracy, not a quasi-direct democracy like California. The spike in affordability in Vancouver wasn't caused directly due to a shortage in housing stock and an influx of residents. It was caused by rampant speculation from peopl…

I think that’s one of the reasons Amsterdam has an anti-squatting law which basically forces owners that don’t live at home for a certain period in a year to rent it.

Post by pcurve » Sat, Oct 20, 2018, 6:28 PM UTC

meritt wrote: post #16

> A $3 million house that would have rented for $5,000 a year ago $5k/mo for a $3M home is a cap rate of just 2%. That's pretty terrible in itself. Now it's $4k/mo or 1.6%? How on earth is that financially sustainable at either amount?

Post by flycaliguy » Sat, Oct 20, 2018, 6:32 PM UTC

derefr wrote: post #30

adventured wrote: post #27

Earlier quoted context omitted.

I don't misunderstand. I said that even if they've managed to get their capital outside of China, it doesn't matter. If they flee, China still can induce their return. It's not trivial to move capital around using foreign corporate entities, when they track all of your communication within China. If they even so much as get a hint of that going on, and it bothers them in the least, they can do anything they like to y…

You’re assuming that the person trying to expropriate wealth cares about being able to spend it themselves, rather than e.g. their family who already lives in Canada being able to spend it while they sit in jail. Think in terms of nobility: what’s more important, your head or your dynasty?

Post by seanmcdirmid » Sat, Oct 20, 2018, 6:36 PM UTC

derefr wrote: post #30

adventured wrote: post #27

Earlier quoted context omitted.

I don't misunderstand. I said that even if they've managed to get their capital outside of China, it doesn't matter. If they flee, China still can induce their return. It's not trivial to move capital around using foreign corporate entities, when they track all of your communication within China. If they even so much as get a hint of that going on, and it bothers them in the least, they can do anything they like to y…

You’re assuming that the person trying to expropriate wealth cares about being able to spend it themselves, rather than e.g. their family who already lives in Canada being able to spend it while they sit in jail. Think in terms of nobility: what’s more important, your head or your dynasty?

Post by seanmcdirmid » Sat, Oct 20, 2018, 6:40 PM UTC

YokoZar wrote: post #37

darawk wrote: post #26

Earlier quoted context omitted.

In America, schools are also funded by property tax, though.

Not universally. In California, for instance, by law half of the state budget must go to education regardless of source.