Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (118978)	5/28/2022 5:21:47 PM
From: bull_dozer	Read Replies (1) \| Respond to 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