FCB: Take It Down

[riznick]

I'm pretty sure that TalkFCB would probably be a LOT less politically correct and maybe seem quite racist.  Just sayin...  We have different cultures.

 

[momopi]

I do not reside in Canada but have worked in 5 Canadian provinces.  There are a number of areas in Canada with expensive/unaffordable home prices, such as Fort McMurray in Alberta where FCB are virtually absent from the local RE market.

The situation in Vancouver is the result of government policies (or corruptions) from both PRC and Canada.  Unlike the BLM situation here in the Western States, in BC 94% of the land is held under provincial crown land.  If they want more affordable housing, then they should ask why the BC government is charging Irvine Company prices for undeveloped Crown Land when you don't even get resource rights.

The BC government is fully capable of making crown lands avail to affordable housing, with government dictated purchase terms that favor local, first time home buyers.  In countries like Malaysia and Singapore, investors are only permitted to purchase properties above a certain price level.  If FCB's wish to invest in high-end properties, by all means, go for it.

 

[lnc]

Just replace "Vancouver" with "Irvine" and it will work just the same.  ;D
https://ca.news.yahoo.com/soaring-v...r-anger-toward-foreign-052644854--sector.html

This sounds just about right regarding to Vancouver Irvine, buyer of $3 million home were just housewives or students with little income.

Vancouver real estate a buyers? market ? for mainland China: Study

The dominant influence of Chinese investors in Vancouver has finally been proven with comprehensive data.

In a recent six-month period about 70 per cent of all detached homes sold on Vancouver?s west side were purchased by Mainland China buyers, an academic case study shows.

Even more stunning, the study shows that of all self-declared occupations among owners ? on homes worth an average $3.05 million ? 36 per cent were housewives or students with little income.