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

To: John Vosilla who wrote (86453)	1/26/2012 6:19:59 PM
From: tejek	Read Replies (1) \| Respond to of 220341

Interesting to see Vancouver compared to Miami of a while back.. Miami has been corrupt since the mid 70's with no real economy and housing never really became so expensive like Vancouver. Also the poverty levels and wealth disparity come much closer to Rio.. The housing bubble in Vancouver sounds like SoFla 2005 on steroids doubling beyond even those ridiculous prices that had tripled since 1998 though I wonder if the huge Asian influx has kept the demographic out there much more grounded and less leveraged? Yes, I think it is less leveraged................Vancouver's housing market is more like SF. People with considerable wealth who earned their wealth elsewhere move to those cities because they are beautiful places to live. With Vancouver, its mostly wealthy Chinese and Canadians. With SF, its mostly weatlhy Americans and Europeans. Miami has a facsimile of that............wealthy S. Americans and Europeans but I think there are not the kind of restrictions on development that exist around SF and Vancouver. Remember both SF and Vancouver have strict environmental laws in force and both have restrictions in terms of developable land.......esp Vancouver......because its mostly an island/peninsula surrounded by mts.