no you can't have a house now shut the fuck up
We get it you want a house and you can’t afford it. Guess what I want a lot of things i can’t afford. A new Jeep Cherokee with a hellcat engine, a big ass boat… well anysize of boat really but only as long as she’s seaworthy… why is it that when we talk about boats they’re always girls but when you talk about the size of your penis you reference a boat for the metaphor… is my dick a girl? Or is it directly relative to the motion in ocean? Whatever the fuck it means you still don’t get to buy property in Vancouver and that’s a good thing.
Yes Chinese people are buying houses, condos and properties all around Vancouver and yes some of these buildings are remaining empty but the shit is still selling and their money is still coming over here. I’m not sure if you guys realize how big of a shit show the economy in BC was in the 80’s but dat sweet Yuan pouring in from China is the only reason we’re not still living in the shadow of resource rich Alberta.
A recent article in the ‘The Walrus’ titled the highest bidder riled up all the Canadian kids who just really want to buy a house and “like be an adult man” and don’t get them started on how they’re totally sick of having to pay rent dude. The article details some click bait level facts that really show how fucked we’d be if the rich Asians weren’t parking their money here while China financially crumbles. “The business of buying, building, and selling houses in Vancouver is worth more to the province than its mining, natural gas, and forestry industries combined. Last year, detached-house sales throughout the region totalled $38.6 billion, and residential construction added up to $21.6 billion.”
The author Kerry Gold further goes to explain in the too long didn’t read article of over 6,000 words that our own government at all levels actually embarked on trade missions and envoys to secure Asian investment as a fix for our shrinking economy in the 80s. “Vancouver—where, in 1981, house prices had dropped by 40 percent—worked hard to publicize the city’s fine geography and standard of living during Expo 86.” Gold explains the real reason for our cities global pavillion 30 years ago—yeah it wasn’t just to make sweet shirts that hipsters could buy from a thrift store and wear around telling everyone they actually ate at the floating McDonald’s when they were a wee tot… that’s just a sweet sweet ancillary benefit.
Vancouver has become so tight with Asia that Destination Canada (the corporation in charge of marketing Canadian tourism) has offices in Vancouver, China and Japan—they also have an office in the UK but since that isn’t really relevant to my point we’ll just forget i brought it up. If we tell these people they can’t come buy a piece of paradise because we would like to stack the deck in our favor and make rules against foreign ownership because we have young hot professionals who want to buy a house downtown instead of doing the smart thing and living in the suburbs we’ll be doing irreparable harm to our financial stability.
I was digging around on the BC gov tourism data website mostly because I’m a huge stat nerd and i figure if i throw some money numbers at you, you’re going to be more likely to agree with me. In 2014 BC made 14.58 Billion dollars from tourism revenue. The “Vancouver, Coast & Mountains” region employed 79,500 people in that same year. Now i don’t have the exact break down on numbers to tell which foreigners are dumping all this cash into our GDP but i’d be willing to wager a fair chunk of that money is coming from China. It would explain why Destination Canada has one of just four offices in China. According to the City of Vancouver website 17% of Vancouver residents speak Chinese and it’s not a huge leap of faith to come to end up at the conclusion that if there are that many residents we could asume they would be a draw for tourists.
We’re only 60 years clear of the practice of not allowing asians or even their DESCENDANTS to buy houses in Shaughnessy and the British Properties neighbourhoods. I mean we should still be butt hurt those rich white fucks denied the very people who built our cross country railway the ability to fully settle into the country they built. We for sure should not be calling for thinly veiled racist “foreign ownership control” measures. I don’t even know why you bigots are so hot and bothered to be house poor in the first place.
Instead of leaving a swear filled offensive taste in your ear holes i’ll close with a quote from the City of Vancouver website. “Our laws give everyone equal rights and equal access, regardless of origin, religion, race, gender, sexual orientation, ability, or politics. Vancouver is a city for everyone.” so quit being selfish you fucks.