Lik

條友講咁多野又有Q用咩？中國人就係鍾意有塊瓦遮頭，而政府嘅責任就係去服務人民、為人民提供佢地想要嘅服務，而唔係走去官商勾結，有錢就只係益晒啲大地產商。你個特區政府又唔係無錢、無能力去復建居屋，點解人民要求嘅你都全部唔俾？

-力

Lik

I wasn't hinting any of those things you wrote in my previous post, but I won't disagree with them either.

In particular, #2 is true because of all the hot money that is rushing down from the Great Motherland. Armed with as much $$$ as they do, those Great Chinese buyers really don't give a damn about how much they are paying for their flats. Moreover, because they have the $$, they are not interested in renting the unit out to locals either, so even though those units have been sold, they do nothing to ease the upward pressure on rent. The end result of this is that once again, the poor folks in HK are the ones that suffers.

-Lik

Lik

You should ask Vancouver government to build more 居屋 so that big Canadian developers cannot control downtown real estate.
peter236 發表於 2011-7-4 12:58

When you don't know shxt, you should really just shut the fxxk up.

Major Canadian cities have a problem with low-cost social housing. But in Vancouver, the local and provincial governments are taking steps to introduce these unit into the market.

For the moment, people are adjusting / adapting to the rising home prices by either moving further away, or moving into smaller condo / apartment / townhouse units. But let's not forget why Canadians -- esp us in Vancouver -- are facing sky high real estate prices: it's all because of the hot money that is pouring in from your Great Motherland.

-Lik

Lik

回復  Lik

If the hot monies last in the market for a while, what can HK government do to help the  general public?
lo_pak 發表於 2011-7-4 13:22

Re-starting the 居屋 market would be a great start. A problemwith the private construction industry right now is, the luxury market is the hot market to pursue right now because that's where the most money can be made. Because of this, construction firms have little incentive to build regular housing projects for regular folks -- each company only has so much resource, and that resource would be better spent on where the high margin profits lie. So few private projects that are affordable to the local HK folks are introduced. Supply gets pinched but demand is always there, and bingo -- Econ 101 tells you that the market price gets driven up.

By restarting the 居屋 market, the housing supply increases, and prices will ease. The tricky part is to introduce that new 居屋 supply in a reasonable manner that will balance the public's housing needs without triggering a massive fall-off-the-cliff type of housing market crash that would kill home owners. I am far less sympathetic towards speculators though. If it means the real estate price drop cuts into their bottom line a bit, so be it. A small scale recession is ok in my eyes if it means housing prices can be brought back to realistic levels. Large scale recessions are unacceptable because that would hurt the regular folks too much.

-Lik

Lik

Mr Lik when you first immigrated to Canada, your hot money also drove up real estate prices.

There are 250,000 immigrants to Canada, it is not fair to blame on the Chinese immigrants.

Mr Lik, please read and learn:

Chinese-Canadians and immigrants, not investors from China, largely driving market, experts say
peter236 發表於 2011-7-4 13:24

Moron,

The difference is, back when I first immigrated to Vancouver, population was a lot smaller, prices were a lot lower, and there was still plenty of space and land for people to move to. Additionally, while prices went up in the 90's, they didn't go up by the same unreasonable amounts as they do now.

Your stupid little article only confirms that the hot money from the Motherland is driving up our housing prices. Thanks for doing the homework for me and helping me to prove my point.

-Lik