I doubt any immigrants who just moved here has the credit/saving to buy $600k USD house, especially if they are from China. All the Chinese rich executives stay in China, there's where all the actions are. Heck, offer me a job and I'll move to Beijing.
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Boom on the eastside fueled by recent immigrants?
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Boom on the eastside fueled by recent immigrants?
by EastSider » Tue Apr 24, 2007 11:12 am
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by twistjusty » Tue Apr 24, 2007 11:33 am
"A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste, and such a society is a house built upon sand." -- Dorothy L. Sayers
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by AwaySooner » Tue Apr 24, 2007 6:46 pm
It's 21st Century's fault, they keep going to the airport to pick up the Chinese Immigrants and put them in overprice houses. I doubt any immigrants who just moved here has the credit/saving to buy $600k USD house, especially if they are from China. All the Chinese rich executives stay in China, there's where all the actions are. Heck, offer me a job and I'll move to Beijing.
I doubt any immigrants who just moved here has the credit/saving to buy $600k USD house, especially if they are from China. All the Chinese rich executives stay in China, there's where all the actions are. Heck, offer me a job and I'll move to Beijing.- AwaySooner
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by twistjusty » Wed Apr 25, 2007 5:56 am
"A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste, and such a society is a house built upon sand." -- Dorothy L. Sayers
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by AwaySooner » Wed Apr 25, 2007 2:22 pm
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by Puget Sounder » Wed Apr 25, 2007 4:55 pm
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by WetCoaster » Wed Apr 25, 2007 5:50 pm
Immigration in Canada is very different from the US. There are no quotas and the emphasis is on educated younger people, and people to fill skilled worker jobs in fields of high demand.
In the late eighties, and nineties many educated people immigrated from Hong Kong fearing the Chinese takeover in 1997. Real Estate in Hong Kong is very, very expensive and for many people it was easy to buy houses in Vancouver.
I'm not sure who the 'new immigrants' are, but it is very difficult to get into the US in spite of tons of skilled jobs which can't be filled. H1-B visas for 2008 disappeared in half a day. Canadians in certain job fields can get TN visas under the NAFTA agreement.
Currently, people are saying it will take Chinese and Indians 15 years to be eligible for green cards under the quota cap for each country.
I highly doubt that new immigrants are making any dent in RE. More likely tons of speculators.
In the late eighties, and nineties many educated people immigrated from Hong Kong fearing the Chinese takeover in 1997. Real Estate in Hong Kong is very, very expensive and for many people it was easy to buy houses in Vancouver.
I'm not sure who the 'new immigrants' are, but it is very difficult to get into the US in spite of tons of skilled jobs which can't be filled. H1-B visas for 2008 disappeared in half a day. Canadians in certain job fields can get TN visas under the NAFTA agreement.
Currently, people are saying it will take Chinese and Indians 15 years to be eligible for green cards under the quota cap for each country.
I highly doubt that new immigrants are making any dent in RE. More likely tons of speculators.
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