On 2021-03-28, Scott Dorsey  wrote:
> 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.

The city and the province now have a tax on unoccupied housing, which is
pretty steep (on my house it would be like $20000 a year and I live in a
very bog standard house in Vancouver.

>
> 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.

Well, no. But there are pressures on housing, and big battles re
densification
> So you get added population pressure and an interesting income distribution
> as a result.
> --scott
>
>

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