Had a nice break. Excellent submissions on the Vancouver competition. My favorites:
Just got back from Hawaii and had a few beers one night with a couple of real, native Hawaiians. Not much love for the tourists or the the 'Mainland... (no not Chinese)..but Americans'! - which include us. "They are either staying at expensive ecologically damaging resorts, or buying the waterfront and waterview condos for the two weeks they come and then rent it out as an investment."
The same properties a native Hawaiian could never dream of buying. Land that may have been expropriated, or bought for a song years ago. "Worse these new land owners are not here to fight the rapacious developers. They are not here to fight the illegal blocking of beach access by resorts and waterfront owners. They just come to play on the manicured, sprayed golf courses and fly back."
I certainly got an ear-full, and it was interesting to find a place where WE are the big buyers, much to the chagrin of some of the locals. In fact the local paper had just run a piece saying Canadians were buying the most investment property, after Mainland US citizens, and as much as all the rest combined (Japan, China, Aussy, Europeans etc)
Heck it is happening everywhere. The Hong Kong residents are complaining about the Mainland Chinese buying everything, even demonstrating about it. Until the bubbles collapse, then people long for the old days.
I will try and remember this fact when I get on my soap-box about the inflow of outside money pricing us out. We are doing it too!
If you are interested in the issue. Hawaii. Land. Independence. will bring you a lot of info on Google like this.