tag:blogger.com,1999:blog-6234866741387164003.post5552039405653954839..comments2023-10-19T04:44:25.725-07:00Comments on World Housing Bubble - China, Australia, Vancouver Real Estate News: 18 Chinese Cities to Limit Home PurchasesGGhttp://www.blogger.com/profile/14963284253203737587noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6234866741387164003.post-2162103641581611872011-02-28T07:26:48.849-08:002011-02-28T07:26:48.849-08:00In the end, actors like Cam are just maximizing th...In the end, actors like Cam are just maximizing their returns based on the incentives that have been set by others. Incompetent RE agents and brokers are more than deserving of ridicule, but railing on the "successful" ones is misdirected energy. It's the incentives that need fixing. That and the cartel needs breaking up. But in a bubble this size, even the cartel pales in comparison to banks issuing so much leverage to so many.GGhttps://www.blogger.com/profile/14963284253203737587noreply@blogger.comtag:blogger.com,1999:blog-6234866741387164003.post-57623803675777629522011-02-27T22:07:58.184-08:002011-02-27T22:07:58.184-08:00I saw the article briefly but to be honest I think...I saw the article briefly but to be honest I think my bird read it before he covered up Good's picture in bird poo.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-6234866741387164003.post-82479046456249103492011-02-27T16:44:53.055-08:002011-02-27T16:44:53.055-08:00I hope as part of the autopsy we can learn some of...I hope as part of the autopsy we can learn some of these things. I wish I could see the trigger. Unrest due to inflation? Clawbacks of offshored money? <br /><br />Back in Van, I've been trying to decide whether yesterday's Vancouver Sun article about our old friend Cam Good had any merit at all, or whether Good ol' Cam was exaggerating beyond all usefulness. If he really sold 500 homes (!) in Jan and Feb to mainlanders, that's definitely enough to drive prices in a good half dozen select neighborhoods in TO and Van. <br /><br />I hate to link to the article; you can probably find it if you haven't seen it. I was tempted to feature it in a post entitled "What is a Shill?" but I'm in too good of a mood today.GGhttps://www.blogger.com/profile/14963284253203737587noreply@blogger.comtag:blogger.com,1999:blog-6234866741387164003.post-2332988894079443282011-02-27T08:43:04.114-08:002011-02-27T08:43:04.114-08:00In BC, where I am, RE blogs are agog about "r...In BC, where I am, RE blogs are agog about "rich foreigners" driving up prices. This move by China is seen as a positive as it diverts more money to non-Chinese markets.<br /><br />This will simply be a game of "pass the potato".<br /><br />It's also funny, as you mention, because it's unclear exactly how much foreigners are increasing the values of properties on average.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.com