It has been popular in the past to blame wealthy foreigners for rising house prices in Metro Vancouver. But since the pandemic this claim is not made so often. This is because there has been no immigration, no foreign visits, foreign buyers are less than 1% of purchases and the casinos are closed. Yet the price of housing has gone up 30%! Now Quantitative Easing is being blamed. But governments have been engaged in Quantitative Easing since 2008.
If we are to solve our economic problems we need to have a good understanding of what is causing them. This video is part of a series called An Economics Literacy Test for Local Government. We hope this will encourage a more thoughtful and intelligent understanding of the economic forces that affect us.
Негізгі бет Super Wealthy Buyers: An Economics Literacy Test for Local Government
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