Re­alty Check

The Walrus - - LETTERS -

It’s im­por­tant that the Lower Main­land and the rest of Canada be ed­u­cated about the money grab that’s tak­ing place in the Van­cou­ver real-es­tate mar­ket (“The High­est Bid­der,” May). At the same time, I find the con­stant press cov­er­age tir­ing. There is noth­ing any of us can do now to turn back the clocks on years of poor ­de­ci­sion ­mak­ing. This ob­ses­sion with ­realestate news is like pick­ing at a wound, then ­rub­bing salt and lemon juice all over it.

Mark Master­son Van­cou­ver, BC

The shadow-flip­ping “scan­dal” this ar­ti­cle men­tions, where buy­ers and agents sell homes for higher prices be­fore the deal has of­fi­cially closed, only be­came an is­sue be­cause older peo­ple (who vote) dis­cov­ered that they were not reap­ing the full wind­fall from their hous­ing-lottery win. Premier Christy Clark sprang into ac­tion once ­mid­dle­class peo­ple ­dis­cov­ered they were get­ting ­only $3.5 mil­lion in eq­uity rather than $4 mil­lion. If you are a dis­placed ­ren­ter, on the other hand, tough luck — that’s just the free mar­ket at work.

Keith Mont­gomery Ab­bots­ford, BC

I en­dorse cov­er­age on this im­por­tant topic, as I have two daugh­ters and ­sev­eral friends

who live in Van­cou­ver. How­ever, some peo­ple in­cor­rectly sug­gest Chi­nese im­mi­gra­tion is to blame for our run­away real-es­tate mar­ket. Only a few have the means, and the rea­sons, to buy homes at grossly in­flated prices. Most Chi­nese im­mi­grants are just like the rest of us — in­dus­tri­ous blue- or white-col­lar work­ers try­ing des­per­ately to save for homes that are con­tin­u­ously mov­ing out of their reach.

Sud­hir Jain Cal­gary, AB

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.