Re:High-end house rents in Vancouver plunge up to 20% as inv...
by reaperducer on Saturday October 20, 2018 @04:17PM
(#18265198)
I can't overstate how detrimental this is to a city. What you end up with are entire neighbourhoods which are occupied at 50% or less, and yet with the value of the homes exceeding $2-$4 million. It causes stores in those local neighbourhoods to close because there aren't enough customers.
I've read that this is the case in London, as well. And probably lots of other cities with names that are well known in China and Russia.
I've read that this is the case in London, as well. And probably lots of other cities with names that are well known in China and Russia.