7 years ago
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Vancouver’s real estate is ‘fuelled by a money laundering bubble’: Market analyst
There is no denying that the real estate market in Vancouver is red hot – prices have been rising with no end in sight. But one market analyst thinks we will see the bubble burst. Marc Cohodes used to run one of the largest hedge funds on Wall Street. Now, he’s eyeing the Canadian housing market.
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http://globalnews.ca
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It's nuts, homes have gone up by 40-50% in the past couple of years, and some are selling for 200% of what they are worth. It's incredible how insane this situation is, and it's effecting the whole community. Now that I think about it, the housing market here is comparable to Silicon Valley with the craziness that's happening right now.
Ditto Portland.