Surreal Estate – Part 1: Inside Vancouver’s Skyrocketing Housing Market
Vancouver, BC is a town built on real estate. And for seven years running, it has also been ranked as the least affordable city in North America. While some cities boast lively arts or hip-hop scenes, Vancouver is home to one of the most insane property markets in the world—a place where decades of global capital, lax regulations, and government indifference have transformed it into a city of displaced renters, empty condos, and multimillion-dollar teardowns.
This video is hyperbolic garbage in the vein of Oprah. I get that these kids are upset but what’s actually upsetting is an incredibly influential media outlet driving home poor stereotypes that misguide the conversation. I guess I can’t blame Vive for being young folks trying to figure this all out, but where are the experts that can rationally explain how urban land economics work and that the price of land is going up due to supply constraints and a growing population and that’s driving all these things ?
*Vice
An excellent question.
Hyperbolic garbage? I do believe your generational gap is showing. I never saw the Oprah episode on exponential housing prices myself, and furthermore, you do realize this is just episode 1 of a series, so perhaps you can look forward to some more answers in the coming episodes.
On the other hand, you’re right about media outlets driving home poor stereotypes that misguide the conversation (and there’s not just one such company doing so).