The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: bull_dozer who wrote (118978)	5/28/2022 5:21:47 PM
From: bull_dozer	Read Replies (1) of 119358

I presume the fall in Vancouver house prices is because the Chinese house buyers realize that if there is a war between China and the West, then the Chinese assets in Canada, and elsewhere, will be confiscated, just like we are now seeing with Russian assets being confiscated by Western countries because of the Ukraine conflict. So, the Chinese are no longer buying Canadian homes, in fact, they are now selling. Message 33842240 Why I mention the Chinese is because they have been buying houses in Canada as a money-laundering operation for the wealthy and not because they needed the homes. Hence the prices of houses reached unrealistic levels and made homes too expensive for Canadians who needed to stay there. A similar situation pertains in Australia. And now with the bitcoin price collapsing I would guess the Chinese money-launderers have a real problem on their hands. Message 33842320

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