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maxsolomon

(33,232 posts)

2. their money has made Vancouver BC unaffordable to residents

Reply to mahatmakanejeeves (Reply #1)

Mon Apr 17, 2017, 01:46 PM

Apr 2017

their money is buying up property in Seattle, driving up prices in an already hot market, contributing to the city becoming unaffordable for residents.

and the properties sit empty - there's one across the street from my SIL's. never seen a person there. it's for sale now - Sotheby's.

it's like London, filled with empty housing bought with Russian money.

just a hidey-hole for trans-national capital.

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Highlight:

Berkshire Targets Wealthy Chinese Buyers for U.S. Homes [View all] proverbialwisdom Apr 2017 OP

Their money is as good as anybody's. And when the crash comes, it will be their loss, not mine. mahatmakanejeeves Apr 2017 #1

their money has made Vancouver BC unaffordable to residents maxsolomon Apr 2017 #2

Yep not fooled Apr 2017 #3

It isn't Berkshire per sae, but foreign speculation and high tech jobs in the Bay Area that have still_one Apr 2017 #5

I'm very sorry to see this. DK504 Apr 2017 #4

Following TrumpKushner: really BH exploiting EB-5 Program,selling U.S.visas disguised as r.e. stuffmatters Apr 2017 #6

It is happening everywhere egold2604 Apr 2017 #7

Thanks for introducing a little balance into the discussion . . . ColemanMaskell Apr 2017 #8

Nothing to see here, right. proverbialwisdom Apr 2017 #9