https://pinboard.in/u:jm/public/ recent bookmarks from jm 2014-10-11T21:14:13+00:00 https://medium.com/spencers-collection/why-vancouvers-housing-costs-arent-the-problem-its-the-people-who-buy-them-d094a420da2b jmTwo types of people own homes in Vancouver — wealthy foreigners who are looking for a place to park their money, and long-time Vancouver residents who have benefited from skyrocketing equity, through no actual effort of their own. There is a simple problem with these people being the primary homeowners in any city — they don’t actually create much value for the place they live in. A very large percentage of wealthy foreigners who “park” their money here don’t actually live in Vancouver. Take a drive around most expensive areas and you’ll realize the homes are empty. At most, they send their kids to live in Vancouver, learn english/go to school, and then return to their country (usually to Hong Kong). For some reason this is okay with people who live here. The amount of value added to a city from this sort of activity approaches zero. In fact, I’d argue that these people actually leech off of the system more than anything else. ]]> vancouver housing mortgages investment canada homeowners https://pinboard.in/ https://pinboard.in/u:jm/b:4000236e36a5/ 2011-12-06T10:04:08+00:00 http://www.rte.ie/news/money/debt/how-would-my-finances-change-if-euro-collapsed.html jm ireland euro disaster rte finance money mortgages https://pinboard.in/ https://pinboard.in/u:jm/b:6be0c60a3882/ 2011-04-18T10:23:01+00:00 http://namawinelake.wordpress.com/2011/04/18/a-cheeky-offer-on-tracker-mortgages-from-permanent-tsb/ jm ptsb permanent-tsb finance money mortgages tracker-mortgage investment https://pinboard.in/u:jm/b:7ad3669c9a40/