- Reaction score
The issue there isn't just tech. It's that real estate is treated as a commodity, so pricing may not reflect actual demand. If the market was solely determined by people who want to live there, it would look different, particularly if local governments required residential construction at a rate proportionate to new office suites.
Very true. Foreign investment is also a big problem, but in the US if you have the cash then there is no problem. I believe Vancouver Canada actually passed some legislation to restrict foreign property investment, but I'm not sure of the specifics.
All the spotlight seems to be shined on jobs being outsourced to other countries or low level jobs being scooped up by undocumented workers crossing the southern border, but just as big of a spotlight should be beamed on immigrants taking the good paying jobs here, especially on temp work visas, while also greatly reducing the available housing market.