Hello Scott and Cuevas,

Your posts (unintentionally) demonstrate why it is NECESSARY for ongoing posts to be posted in the area of overseas money impacting house prices. 

Summary: You deny reality to readers. Myself, I remind readers of reality.

Could you two folks please write out, for readers, your model, your mechanism, for how small houses on small lots in Vancouver skyrocketed to two million dollars a pop? 

My mechanism is straightforward. Over the years, billions of dollars arrived from overseas, first mainly from Hong Kong and then mainly from mainland China. That is what did it.

Single best piece of evidence for my model? Look at the public school class photos, and compare those of today to those of years past. In just a single generation, many schools, where house prices skyrocketed most, went from less than 5% to over 70%, students with facial features consistent with Chinese ancestry.

What is your model, your mechanism of explanation? Spell it out.