by 2050; 40 years from now Vancouver real estate will be double look at hot spot and trends like hong kong or china or Europe. 1 Bedroom in those foreign contries are over 1million. As a Realtor i believe were going into a entire new phaze and big changes will happen. Did you take Geography? Vancouver is on the west coast. It was never easy and now its going to get worst. The rich get richer. Asians will.
What drives up house prices is not demand and supply any more. How much a house is worth is dictated by the amount of money a mortgagee can borrow from his local bank. If the bank lends him 30 times his average salary then the price of an average house in that area will go up by the same amount. It is a big con run by the banks and backed by the big businesses so the average citizen is always out of pocket , mortgaged up and broke.
by 2050; 40 years from now Vancouver real estate will be double look at hot spot and trends like hong kong or china or Europe. 1 Bedroom in those foreign contries are over 1million. As a Realtor i believe were going into a entire new phaze and big changes will happen. Did you take Geography? Vancouver is on the west coast. It was never easy and now its going to get worst. The rich get richer. Asians will.
snguyenn 8 months ago
What drives up house prices is not demand and supply any more. How much a house is worth is dictated by the amount of money a mortgagee can borrow from his local bank. If the bank lends him 30 times his average salary then the price of an average house in that area will go up by the same amount. It is a big con run by the banks and backed by the big businesses so the average citizen is always out of pocket , mortgaged up and broke.
007007sss1 1 year ago
As always, love the optimism, thanks for the vid!
realestateapartments 1 year ago