Vancouver...The City That Had Too Much Money

[vantim]

An acquaintance referred me to this interesting article which examines the underpinnings of the local economy.

https://www.bloomberg.com/news/features/2018-10-20/vancouver-is-drowning-in-chinese-money

You have to get the feeling that this will not end well....but so far..so good.

 

[nightswhisper]

I look at the current generation of Communist-influenced Chinese people, their irresponsible ways and lower-class behavior and think... "You guys are runing our culture and image."

We used to be so industrious and kind. Now they're just a bunch of corrupt, money-laundering assjacks.

 

[rlock]

An acquaintance referred me to this interesting article which examines the underpinnings of the local economy.

https://www.bloomberg.com/news/features/2018-10-20/vancouver-is-drowning-in-chinese-money

You have to get the feeling that this will not end well....but so far..so good.

We're pretty much living in a bubble economy. Bubbles pop. This one should be popped on purpose, so by the time the next global recession hits (and there's some signs of that coming too), we've already had our big shock.

 

[Literfan]

I’m from the states and have made a few visits. Every cab driver has told me a story of the corrupt Vancouver government and how Chinese money has come in and drove up real estate. True or not I don’t know. However, I hear the same story everytime. Well that and drug use.