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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (86175)	1/22/2012 2:09:07 PM
From: tejek	Read Replies (4) \| Respond to of 220315

I thought there was a big influx in Seattle and the Bay Area? Not so much in Seattle.......not from what I've read. Could be some buying in LA and SF..........there has always been a significant Chinese presense in those markets. However, most condo projects in DTLA have converted to rentals because condos were not selling. And SF has not had a lot of condo growth in its DT market in recent years. However, the big market has always been Vancouver. This is a recent photo of Vancouver: Note all the new construction. Vancouver has little job growth...........its nearly impossible to get a good job in that city no matter how well educated you are. So why are there so many new residential towers? Where's the money coming from? And that's the core city...........all around on the hills surrounding the city are new towers going up. Its the Chinese. And just to put that skyline in perspective............Vancouver is a smaller city and metro area than Seattle. Instead it looks like a mini Hong Kong. Many have been coming to NYC for decades keeping housing costs quite high I don't know east coast markets when it comes to the Chinese.........so its hard to comment. However, I would suspect the NY market is too big to be dominated by just one ethnic group like Vancouver.