Charlie Gibbs   wrote:
>On 2021-03-28, William Unruh  wrote:
>
>> I you want housing in London, yes, it is expensive. If you want it
>> in Newcastle, not so much so. Although even in London they are a lot
>> less than in Vancouver Can.
>
>Living in the Vancouver area, I can vouch for this.
>
>One problem is that housing is now seen primarily as an investment.
>The fact that you can live in it is incidental.

This same issue has driven up the housing market in NYC.  Lots of
expensive apartments lying idle, whose owners visit only once every
year or two.

On top of this, Vancouver has the issue that half of Hong Kong (the
half with the higher incomes for the most part) has moved there.
So you get added population pressure and an interesting income distribution
as a result.
--scott


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