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https://vancouversun.com/opinion/columnists/douglas-todd-is-real-estate-foreign-buyers-tax-the-15-per-cent-solution/
We have a foreign-buyer tax, a speculation tax, a vacancy tax, and we've shut the borders, and prices are higher than ever...
An Betteridge's Law is still undefeated.
This piece is from 2016, and it is worth revisiting, to see how we got here.
We have a foreign-buyer tax, a speculation tax, a vacancy tax, and we've shut the borders, and prices are higher than ever...
An Betteridge's Law is still undefeated.
This piece is from 2016, and it is worth revisiting, to see how we got here.
Local man wins $2.3m in non-taxable capital gains. He blames the "outside money" for this unearned windfall.
The article asks us to consider whether "hordes of investors" from overseas are to blame for our problems.
The author tells us that "the industry" is trying to convince us that the "bubble is not bursting."
Four years later, ask yourself: has the bubble burst?
Four years later, ask yourself: has the bubble burst?
To question the centrality of foreign money in 2016 was to be a developer-funded, "race-bating," shill.
We have to stop not only the hordes (sorry, "foreign money"), but also the criminals:
The article concludes by telling us that a multi-millionaire home owner, "ensconced" in a west side homes, is thinking of others and their lack of housing security.
I think that this is meant to be reassuring?
I think that this is meant to be reassuring?
To recap: local multi-millionaires who have profited from scarcity and a skewed tax system are the victims, and also the potential saviours, while the foreign hordes are really to blame.
With a discourse like this, is it any wonder that our housing crisis is now worse than ever?
With a discourse like this, is it any wonder that our housing crisis is now worse than ever?
