Chinese Envoy Challenges Vancouver Home Tax as Fallout Spreads

There are multiple things wrong with what has gone on in Vancouver. 1. Supply has gone down to where there is a huge undersupply. People can't afford the houses, the short supply causes prices to live there. Regular people are priced out. 2. People see good numbers of houses that are sold but no one lives in them. This is what should be taxed imho. The reason this is a negative is that using the stock of houses that are there is a public good, that matters when there's a huge undersupply. 3. Sure, there's some fear of "outsiders", Chinese people being an unending supply of big money coming in and screwing things up. Vancouver will become like SF and Seattle, fewer people will be able to be able to live in the city. Middle class will be priced out.