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Re:Canada bans foreign home buyers for two years by symlinkk on Tuesday April 19, 2022 @10:08AM (#31083318)
This is well written and is something I noticed too during my own house hunt: houses owned by teachers, plumbers, and car mechanics were getting fought over by engineers, doctors, and lawyers.
Re:Canada bans foreign home buyers for two years by 3qz on Tuesday April 19, 2022 @10:34AM (#31083700)
A fun thought experiment is trying to imagine what career an 18 year old today should work towards if they want to own one of those homes. VC or Onlyfans? How can anyone plan for the future when prices might double between the start and end of a degree? They did for me…

I think the only option left is moving away. Everyone in tech is already doing it

Re:Canada bans foreign home buyers for two years by bombcar on Tuesday April 19, 2022 @01:14PM (#31085951)
Moving away is and always HAS been the response; the only reason Seattle is a hotbed of real estate activity is because of the huge influx of people over the last 30 years, escaping rising Californian prices. Currently Arizona and Texas are seeing influxes, and there are other areas, too.

It's not like major cities don't exist except on the coasts.

Re:Canada bans foreign home buyers for two years by 3qz on Tuesday April 19, 2022 @02:36PM (#31087064)
> It's not like major cities don't exist except on the coasts

Canada is a lot smaller. There are only 2 major English speaking cities, a few smaller cities in the prairies (200k to ~1M ppl) which are still affordable, and some dying rural provinces on the East coast with horrible economies. It’s more like moving to Nebraska when California is unaffordable.

Most people in BC and Ontario have no affordable cities within a few hours drive of their home town. The affordable cities are over a thousand kilometres away. At that point, it’s easier for most people to try moving to a nearby state across the border.

Re:Canada bans foreign home buyers for two years by reducesuffering on Tuesday April 19, 2022 @02:58PM (#31087356)
House prices are greatly artificially inflated by zoning restrictions, and this is seriously hurting western people going forward. However, a smart 18 year old can still work towards making $200k/yr compensation as a software engineer within a few years, even remote, where single family homes on an 8k sqft. lot are $400k across the US.
Re:Canada bans foreign home buyers for two years by harambae on Tuesday April 19, 2022 @11:54PM (#31092636)
> VC or Onlyfans?

Well for men that's usually an easier decision