“A family in China intends to move to Vancouver. How are they planning to pay for a house there? By speculating on local real estate that rises 100% in 3 months.”

It is not clear in this anecdote whether the initial speculation would be done in Vancouver or China; but, regardless, the logic of making money speculating on RE appreciation in order to afford a house is worth documenting. -vreaa

Rich at greaterfool.ca 31 Mar 2010 10:22 am

“Interesting story I heard the other day: a family in China wants to move to Vancouver. How are they planning to pay for a house there? By speculating on local real estate that rises 100% in 3 months of course! Vancouver is different because in most other markets people don’t save up their down payment by speculating on real estate bubbles. Interesting how deep it goes…”

3 responses to ““A family in China intends to move to Vancouver. How are they planning to pay for a house there? By speculating on local real estate that rises 100% in 3 months.”

  1. So that makes one. Any more coming?

  2. What a idiot comment. The poster does not even know the family in china’s financial situation. They may have tons of wealth built up and buy in Vancouver so they can have a place to stay. buying a principal residence is speculating? no wonder most bears are renting!

  3. genxr -> I think the anecdote implies that these are people who do NOT have “tons of wealth built up” but are intending to now speculate on RE in order to build up enough equity to buy a Vancouver house.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s