Tag Archives: speculators

Your racism is boring us all

Yes, yes, I know you’re not a racist.

But see the thing is it’s easy to get worked up over perceived issues of unfairness and drift into blaming entire cultures for your woes.  Are there wealthy Chinese assholes buying real estate in Vancouver?  Well yeah.  Are there wealthy assholes from other countries buying real estate?  What about wealthy asshole Canadians?  Uh huh. check and check.

But what does this have to do with the price of that leaky house in east van you’ve got your eye on?  Do you really think the global elite are competing for that unit and pricing you out and that the insane growth in Canadian debt loads and bubble prices across the country is not a factor?  If so you’re the ideal sucker for a real estate marketer.

The fact is that even if you’re on welfare in Canada you’re probably better off than most people in China.  Heck, you’re better off than the majority of people in the world.  But it’s a lot easier to notice that teenager in a Lamborghini than to be thankful for what you’ve got.

Now clearly not everyone agrees that an endless discussion over ‘HAM’ is mind-boggling boring, but if you do please consider down-voting repetitive blame comments and trolls but up voting informative fact filled comments.

For a site without active moderation we’ve been remarkably lucky to have interesting conversations and generous people sharing information and data that is hard to find anywhere else.  Lets try to keep that way.  Our hope is that the community comment rating system can be used by you the reader to shape the discussion away from blaming cultures and down to blaming the real drivers of a housing bubble: speculators, buyers, government and lenders.