“I am a Canadian-born Chinese male who is in his near 40s. My choice is to live on the westside and raise my family there but because of all this foreign money, I no longer can afford it. Something must be done. It is in the neighbourhood’s interest to stop foreign investment. These families send their kids to school in your neighbourhoods unsupervised…driving their Ferrari’s and BMW’s. How can unsupervised but very well off kids be good for any school or neighbourhood? Governments must step in to protect the integrity of these neighbourhoods and allow hard working 2 income families with strong family values to have a chance to live there.”
– anon206444676 17 May 2011 12:04am, in the comment section of the Vancouver Sun article: ‘Chinese Spreading Wealth Make Vancouver Homes Pricier Than NYC’.
Archived here because this kind of ‘call for action’ on the part of ‘governments’ has become common in the Vancouver RE discussion. We fear the unintended consequences of government intervention in the market, and believe that the speculative mania will run its due course regardless of such intervention. – vreaa