“Westside sellers are getting a comparable house on the Eastside, are putting huge sums of dollars in their bank accounts and still drive to work in 12 minutes.”

SethM at RE Talks 7 Mar 2011 10:04pm“My high school buddy is a west side realtor. His listings are selling to Mainland Chinese. The vendors are longtime Vancouver residents. Guess where they move to when they want to be equidistant to their downtown office? They move to East Van. Mainland Chinese are pushing westside locals to West Van and to East Vancouver. Westside sellers are getting a comparable house on the Eastside, are putting huge sums of dollars in their bank accounts and still drive to work in 12 minutes.”

The majority of people who substantially decrease their RE holdings during a bubble will do fine. -vreaa

4 responses to ““Westside sellers are getting a comparable house on the Eastside, are putting huge sums of dollars in their bank accounts and still drive to work in 12 minutes.”

  1. “Originally, Chicago was a clean slate, an empty physical environment. By 1860, Chicago was a small town with a population of 10,000. There was great growth after the fire of 1871. By 1910, the population exceeded two million. The rapidity of the increase was due to an influx of immigrants and it produced homelessness (Anderson: 1923), poor housing conditions, and bad working conditions based on low wages and long hours. … For Thomas, the groups themselves had to reinscribe and reconstruct themselves to prosper. Burgess studied the history of development and concluded that the city had not grown at the edges. Although the presence of Lake Michigan prevented the complete encirclement, he postulated that all major cities would be formed by radial expansion from the center in concentric rings which he described as zones, i.e. the business area in the center, the slum area (called the zone in transition and studied by Wirth: 1928, Zorbaugh: 1929, and Suttles: 1968) around the central area, the zone of workingmen’s homes farther out, the residential area beyond this zone, and then the bungalow section and the commuter’s zone on the periphery.”

    Screw the monetarists – the REAL “Chicago School” was the department of Sociology…

    http://tinyurl.com/4cej6lx

    • restaurant employee

      Nemesis,

      i am just curious if you are aware of it or not, but the Straussians are all the rage in Beijing right now – no joke! terrifying..

      here is the link

      worth the read – watch out for these little snots once they’re done digesting all that b.s. and grandpa Wen hands them the levers of power..

  2. Hmm. Never heard of a bubble-driven gentrification before.

  3. restaurant employee

    i really enjoy your posts – and i agree – fuck Strauss

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