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Re:The majority of 18- to 29-year-olds in the US are now liv... by thinkharderdev on Wednesday September 16, 2020 @02:54PM (#24496107)
I've never quite been able to figure out what happened in Vancouver. It's a great city with a tech scene but salaries there seem very low (by American tech worker standards). Who is actually buying all these multi-million dollar bungalow? None of the senior-level engineers I've worked with from the area would ever be able to even sniff being able to afford that.
Re:The majority of 18- to 29-year-olds in the US are now liv... by dmitrygr on Wednesday September 16, 2020 @03:29PM (#24496551)
Chinese bureaucrats looking to park some money outside china's financial system. Some west coast cities even instituted special taxes to try to prevent this.

https://www.wsj.com/articles/for-chinese-home-buyers-seattle...

https://www.businessinsider.com/middle-class-chinese-buyers-...

https://www.marketwatch.com/story/chinese-investors-buy-more...

Re:The majority of 18- to 29-year-olds in the US are now liv... by jwiz on Wednesday September 16, 2020 @03:24PM (#24496473)
Re:The majority of 18- to 29-year-olds in the US are now liv... by square90 on Wednesday September 16, 2020 @03:37PM (#24496670)
I think it's been heavily bought up by foreign real estate investors [0].

[0] https://vancouversun.com/opinion/columnists/douglas-todd-chi...