/biz/ - Business & Finance

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Anonymous Tue Dec 11 22:54:05 2018 No.12092609 [Reply] [Original]

Should I hard short the Vancouver housing market?

It seems like with the recent arrest things should come crashing down soon.

>>	Anonymous Tue Dec 11 22:57:02 2018 No.12092624 File: 184 KB, 583x428, zombie boomer09845904.png [View same] [iqdb] [saucenao] [google] >>12092609 What arrest?

>>	Anonymous Tue Dec 11 22:59:29 2018 No.12092636 >>12092624 The Huawei girl.

>>	Anonymous Tue Dec 11 23:02:19 2018 No.12092655 File: 159 KB, 428x404, 1530831883343.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Tue Dec 11 23:03:02 2018 No.12092658 >>12092609 10/10 Pokégirls

Anonymous Tue Dec 11 23:08:28 2018 No.12092698

>>12092609
Why do you think this would have any effect? There was never any pretense that fucking with the US wouldn't get you in trouble in Canada. They're smart enough to see where the US and Canada are coming from, while the arbitrary retaliation is only making the contrast with the CCP even stronger. Rich chinese people still want to gtfo and Hongcouver is still the top destination along with Australia.

Anonymous Tue Dec 11 23:11:37 2018 No.12092726
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>>12092609
Foreign buyers are not keeping housing prices up. They were turning a boom into a bubble though, which is why the government wisely instituted that tax.

Anonymous Tue Dec 11 23:15:44 2018 No.12092750

>>12092726
They buy through corporate shells or other such entities. Don't believe the numbers. Permanent residency is also very easy to acquire these days; a matter of days if you have enough money. Even the Huawei princess had Canadian permanent residency, that expired in 2009.

>>	Anonymous Tue Dec 11 23:17:31 2018 No.12092762 when is the rent gonna come down? fucking yaletown studios are at least 2k per month

>>	Anonymous Tue Dec 11 23:39:45 2018 No.12092900 >>12092609 how do you do this on robinhood?

>>	Anonymous Tue Dec 11 23:42:05 2018 No.12092912 >>12092726 That’s gotta slowdown at some point.... right?

>>	Anonymous Tue Dec 11 23:42:40 2018 No.12092916 File: 34 KB, 500x300, 1496806355378.jpg [View same] [iqdb] [saucenao] [google] >>12092609

>>	Anonymous Tue Dec 11 23:44:04 2018 No.12092925 >>12092912 If I recall correctly it was almost parabolic last year, which is why they instituted the tax. So this is the slow down period.

>>	Anonymous Wed Dec 12 00:21:34 2018 No.12093217 >>12092762 Never

>>	Anonymous Wed Dec 12 00:23:56 2018 No.12093236 >>12092726 Props to them for trying to make burnaby less shitty though. Let’s see them try surrey

>>	Anonymous Wed Dec 12 00:24:12 2018 No.12093241 >>12092609 the chinks put 40.5 billion into west coast american real estate. not skyscrapers either, like fucking condo's.

>>	Anonymous Wed Dec 12 00:25:32 2018 No.12093247 >>12093241 I doubt it was that much a few billion sure, not 40

>>	Anonymous Wed Dec 12 00:26:51 2018 No.12093254 >>12092609 It's not foreign buyers, it's the fucking immigrants who all want to come to the cities of Canada. (Especially the warmest big city of Canada).

Anonymous Wed Dec 12 00:26:53 2018 No.12093255

>>12093247
you are right, it wasn't that much

>Asian buyers have become a significant force in larger West Coast cities, and Chinese buyers alone bought $30.4 billion in U.S. real estate over the year ending in March, according to the National Association of Realtors.

https://www.oregonlive.com/expo/news/erry-2018/10/2dfcdc47631095/portland-condo-buildings-broke.html

>>	Anonymous Wed Dec 12 00:28:14 2018 No.12093267 >>12093254 Maybe you should build more affordable housing? Like a lot more.

>>	Anonymous Wed Dec 12 00:29:41 2018 No.12093281 >>12093255 I stand corrected, carry on

Anonymous Wed Dec 12 00:32:27 2018 No.12093305

>>12093255
>Foreign buyers accounted for 8 percent of the $1.6 trillion in existing home sales, a drop from 10 percent the previous year.
https://www.cnbc.com/2018/07/26/international-buyers-are-dropping-out-of-us-housing-market.html
But yeah I'm sure the chinks are why all housing in the economically productive parts of the US is so expensive. It has nothing to do with america's retarded housing policies or anything.

>>	Anonymous Wed Dec 12 01:08:42 2018 No.12093536 >>12093305 What could fix it

Anonymous Wed Dec 12 01:18:19 2018 No.12093592

>>12092609
Yes, but there isn't a good way to properly do it. Quantitative Tightening is going to BTFO the brainlets who are recursively daisy-chaining HELOCs into real estate into equity into HELOCs into real estate in the belief that they will be able to cash out against millennials and Asians. The heavily laundered luxury segment that generated the trickle out effect is down more than 10% YoY and that cascade has been what sustained the market here for years.

>>	Anonymous Wed Dec 12 01:58:11 2018 No.12093832 >>12093592 How do you make money

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