Re:Chinese Money in the U.S. Dries Up as Trade War Drags On
by eloff on Sunday July 21, 2019 @09:03PM
(#20494698)
I'm not sure exactly what that had to do with my comment, but I've long told anyone who will listen in tech that you can double your salary by moving to the US or working remote for a US company with no Canadian office. Why anyone in tech remains in Canada makes no sense to me.
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Re:Chinese Money in the U.S. Dries Up as Trade War Drags On
by seanmcdirmid on Sunday July 21, 2019 @09:13PM
(#20494735)
Just that Vancouver property values are not sustainable on Vancouver salaries.
Re:Chinese Money in the U.S. Dries Up as Trade War Drags On
by eloff on Monday July 22, 2019 @01:12AM
(#20495463)
They're not, but Vancouver is a very international city and owning a single family home is hardly a fundamental right. People who choose to live in Vancouver on Vancouver salaries pretty much have no hope of owning a home. That most locals can't afford it doesn't make it unsustainable unfortunately as long as there are enough people willing to live there anyway.
Re:Chinese Money in the U.S. Dries Up as Trade War Drags On
by seanmcdirmid on Monday July 22, 2019 @11:54AM
(#20499197)
Sure, but as as tech worker, I don't think I could make it living there, at least not with the lifestyle I'm used to in the Seattle area. Vancouver is also one of the cities to get hit big whenever Asia has a cold, it took their real estate market more than a decade to recover from Japan. In the late 90s they would advertise condos for $150k or so.
When China's bubble finally pops, it will be Japan 2.0+ for Vancouver.