Tag: chinese
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Chinese investors in Vancouver: Is the HAM story more than just hogwash?
NOVEMBER 24, 2010
The Hot Asian Money (HAM) story just won't go away. I've already addressed this issue twice in prior posts. But it's like a bad fart....it just seems to linger.
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A call for data: Just how much of a role does Hot Asian Money play in the Vancouver real estate market?
FEBRUARY 19, 2011
Vancouver debate continues... I'm currently having an interesting discussion with a couple frequent commenters on this blog in the comment section of a previous post. It's a discussion that has been pitting the Vancouver housing bulls against the Vancouver housing bears for years. Without a doubt, the bulls have won decisively for much of the past half decade since alarm bells started ringing about Vancouver house prices in the mid 2000s.
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The real estate industry spin machine in overdrive: Some Sunday reading to make you chuckle
MAY 29, 2011
I have nothing against the real estate industry in general. I really don't. At the end of the day, they are looking out for the best interest of their members. I understand that. It's really no different than the multitude of publicly-traded companies who try to spin negative news into a positive light for the benefit of their shareholders or management.
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More data on the prominence of Chinese buyers in Vancouver; The Economic Analyst in the news
JUNE 19, 2011
It’s been a busy couple of days, but I wanted to write a quick post highlighting some articles of interest from the past few days. In the news... About a month ago, Larry MacDonald, business columnist for the Globe and Mail, sent me an email asking if I’d like to be featured in the ‘Me and My Money’ column. I was quite happy to be considered. Here is the article:
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Debunking the supposed drivers of Vancouver's crazy real estate market
AUGUST 25, 2011
Debunking the supposed drivers of Vancouver’s absurd real estate market Vancouver house prices are nuts. RBC recently calculated that ownership costs associated with a standard condo in the city consumer nearly 50% of the average family income. The carrying costs of bungalows and two story homes are even more ridiculous, consuming 93% and 96% of household income respectively. And we know what the other fundamentals look like in that city:
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