Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

221
Posts
157
Votes
Doug N.
  • Lynnwood, WA
157
Votes |
221
Posts

#GiveUsData, or #NotSoMuch

Doug N.
  • Lynnwood, WA
Posted

Hello BP -

I saw an interesting article recently about all of the dark money flowing into Vancouver BC. It's China's ruling party, exporting their (super clean) cash and parking it in Vancouver sfr's. It's superheating the market, apparently adding a 300k premium to a lot of houses - and a lot of folks are getting pisseded.

A Vancouver local tweeted #DontHave1Million and it went viral. This week she led a group demanding data from the local government - apparently a lot of data was not available. They pumped up #GiveUsData and marched on the library - this is where the photo was taken.

Aside from the issue of whether obtaining local data can stop an rmb tsunami, it's an issue that's important, esp to REI folks. Sales data, mortgage data and more is apparently not available in Canada... yet this is the data we all rely upon so much to remain informed at a very basic level. Right?

I once had occasion to call an assessor's office in a state that did not disclose historical sales data. As I hung up the phone, I remember thinking that I would never invest anywhere there was a lack of market transparency. It simply does not make sense - even if your valuations are all commercial, and not based on sales comps.

So, BP - are you more like the people holding the signs, or more like the guy in the hat?

Just looking, thanks.

Loading replies...