The difference between a housing shortage and a housing bubble is when rents disconnect from housing prices. Rent is about 1/2 or less compared to an equivalent mortgage in many parts of Vancouver.
Rents in Vancouver are 60% higher than Berlin, where as purchase prices are only ("only") 35% higher (net income is practically the same, with Vancouver being just ~4% higher than Berlin).
[0] http://www.numbeo.com/cost-of-living/compare_cities.jsp?coun...
In this case German house prices are relatively high & rising faster, when compared to rents.
In Berlin in particular purchase prices have increased by 8-10% per year in recent years where as rent prices have only increased by 3-5% per year (both are still cheap compared to Vancouver).
rich chinese people displacing middle class white people is called "this is totally unfair, why isn't this illegal?".
of course, guess who's making all the money selling these units? the rich white people (developers, bankers, politicians, contractors, lobbyists, lawyers) who decide what's legal and illegal. as per usual, they are the winners in this whole charade, while the middle and lower classes just blame the dirty foreigners. it's even better when they're chinese -- who doesn't hate the chinese??? so convenient. shhh, let's not mention the other 2/3rds of buyers.
the aforementioned elites are playing and winning a game as old as time, as they do.
How to prop up weapon sales? Sensationalize a crime (revenge/burglary) and say crime is on the rise with a linked article that says weapon owners/NRA members likely to repel break-ins.
"the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents." (Merriam-Webster)
There's no particular area in Vancouver that fits this description with regards to foreign buyers. They seem to have interest almost exclusively in established areas. Not so much "deteriorating" ones in need of "renewal and rebuilding".
Nevada beat me to it though: http://www.motherjones.com/mojo/2015/10/nevada-settles-busin...
why instead not try to make some non-nice non-safe area a nice and safe one?
Everybody feels this way about the next wave. I'm not unsympathetic and am similarly unable (and/or unwilling) to buy a house in this overheated bay area market.
Reminds me of an article I recently read: http://www.atlantamagazine.com/homeandgarden/the-gentrifier/