A provincial government statement that only 3 per cent of B.C. residential sales are made to foreign buyers and that Chinese nationals represent just 2.5 per cent of Metro Vancouver home buyers drew rolling eyeballs and laughter at the packed July 7 Asia Real Estate Association of America (AREAA) conference in downtown Vancouver.“No. Absolutely not,” said an incredulous Byron Burley, Shanghai-based vice-president of Chinese-language juwaii.com, China’s largest foreign residential real estate search engine. “It is way, way higher than that.” Burley noted that millions of Chinese nationals use his site, which has from 3,000 to 5,000 residential listings from B.C. at any time.
“My intuition says it has to be much higher [than 3 per cent],” said Michael North of the Asia Pacific Network Foundation, “just based on the number of people and the number of deals being done at this conference.”
Read more at: Vancouver Courier – Jul 11, 2016
While racism is seen as a Vancouver tradition that will pop up whenever there is a housing crisis, be it housing bubble or housing shortage …
Well, we are talking about rich people like this man …
Lamborghini Is A Crap!
It’s claimed that the car dealer sold him a faulty sport car and couldn’t fix the problem and refused to take up responsibility.
The businessman from Qingdao, Shandong Province, says the engine of his luxury sports-car, a Lamborghini Gallardo L140, failed to start on November 29, 2010, just six months after he bought it. As any other car owner would do, he contacted the Lamborghini dealer in Qingdao, and the trailer of a maintenance service provider entrusted by the dealer was sent to carry the car to a designated maintenance shop. When his Lamborghini was returned, the owner noticed the engine problem still hadn’t been fixed, and that the bumper and chassis had been damaged, probably during the towing.
The outraged car owner decided to hire a group of construction workers to publicly destroy his faulty Lamborghini Gallardo L140 on World Consumer Rights Day, to attract attention to the consumer rights problem in China. He stated that, in recent years, the Chinese people have been more than capable of consuming luxury goods, but international brands seek only to exploit the Chinese market and ignore the interests and rights of consumers. He feels that, in his case, Lamborghini failed to bring their famous high quality service to China, and this was the only way left he could protest.
In China, a Lamborghini Gallardo retails for between $529,000 and $757,000, depending on specifications.
Readying the Lamborghini Smash Up event …Get set, on your mark, SMASH! The boss participate to have some fun … Whack, baby, whack
There goes the baby … half a million grand USD
In another incident,
Chinese Maserati owner smashes up his luxury car
A wealthy Chinese Maserati owner hired four sledgehammer-wielding men to smash-up his $420,000 super car in protest at poor customer service.
The car owner, identified as Wang, had the group attack the Maserati Quattroporte at the opening of an auto show in the eastern city of Qingdao in Shandong province, the Qingdao Morning Post said.
Imagine if we tell these guys: “Hey, we are not comfortable with you coming here gobbling up all our houses and create a housing crisis along the process … “. Guess they may just smash up their $$$ multi-million dollars villas the same way the smashed up the Lamborghini and the Maserati?