Look Who it Was Random video

TRENDS IN THE HOUSING MARKET - Global Mass Exodus , Brian Drain ! From all over the English world!

955 views · Published 11 July 2017 · 58:40 · Indexed 14 November 2026

Channel: Mike Martins · 2017 · People & Blogs

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“it's by pushing out the local people The Brain Drain basically the people of of importance that can't afford to live there anymore pushing out the locals and bringing in investors in making the harbor a paradise for rich people” — Mike Martins

- Vancouver detached benchmark price approximately $1.59 million.
- Toronto real estate sales weaken while inventory rises.
- Toronto composite benchmark reaches approximately $810,000, up 25.3% year-over-year.
- Toronto proper benchmark approximately $829,000, up 24.2%.
- Average Toronto sale prices falling even while benchmark prices remain higher year-over-year.
- Reports warn of a possible perfect storm involving high household debt, mortgage tightening and higher rates.
- Warren Buffett's Berkshire Hathaway announces an approximately 38% stake in Home Capital Group, subject to the deal's terms.
- Berkshire Hathaway's reported $2 billion credit facility for Home Capital Group.
- Debate over whether Buffett's investment signals confidence in Canada's housing market.
- A viewer reports owning four recently purchased Toronto investment properties and being unable to sell them.
- Warnings about purchasing multiple investment properties without sufficient income to service the mortgages.
- Discussion of whether Canada should eliminate government-backed mortgage insurance to make lenders more accountable.
China — Capital controls and international investment
- People's Bank of China announces expanded anti-money-laundering measures.
- Report discusses an enforcement effort involving more than 400,000 personnel.
- Chinese foreign-exchange reserves reportedly rise by approximately US$3 billion.
- Reserves reach roughly US$3 trillion.
- Fifth consecutive monthly increase in reserves discussed.
- China's tighter capital controls could affect overseas property purchases.
- Possible consequences for housing markets such as Vancouver and Auckland.
- Distinguishing legitimate foreign investment from allegations of money laundering.
Global housing affordability rankings
- Hong Kong — ranked least affordable in the survey discussed.
- Sydney, Australia — second.
- Vancouver, Canada — third.
- Auckland, New Zealand — fourth.
- San Jose, California — fifth and the least affordable US market in the ranking.
- Melbourne, Australia — sixth.
- Honolulu, Hawaii — seventh.
- Los Angeles, California — eighth.
- San Francisco, California — ninth.
- Bournemouth and Dorset, United Kingdom — tenth.
United Kingdom — London property investment
- Asian investors reportedly spend more than $4 billion on London commercial property during the first half of 2017.
- Asia-Pacific investors account for approximately 46% of the reported transaction value.
- Weakness in the Britis

- Lower interest rates have not offset Sydney's enormous home-price increases.
- Sydney's housing market makes relocation difficult for working families.
- Workers rejecting attractive employment opportunities because of housing costs.
- Sydney and Melbourne climb international dwelling-price growth rankings.
- Discussion of a potential brain drain from expensive cities.
- Brisbane remains relatively more affordable than Sydney.
- Darwin's weaker housing market contrasts with the booms in Sydney and Melbourne.
- Concerns about major cities becoming financially inaccessible to ordinary residents.
New Zealand — Auckland affordability
- Prime Minister Bill English says Auckland housing affordability is improving.
- Special Housing Areas and fast-tracked development approvals.
- Requirement for a portion of some developments to qualify as affordable housing.
- Debate over what “affordable” means when ordinary properties approach $1 million.
- Viewer in New Zealand reports that auction clearance rates have weakened.
- Viewer describes making a property offer conditional on a methamphetamine contamination test.
- Concerns about property contamination, testing costs and housing quality.
- Discussion of whether government policies are delivering housing that working families can purchase.
United States — Seattle's housing boom
- Seattle median home price reportedly reaches $750,000.
- Seattle's Queen Anne neighbourhood records typical prices exceeding $1 million.
- Eastside home prices reportedly reach approximately $885,000.
- King County median home price around $653,000.
- Seattle's proposed income tax on high earners passes the city council.
- Tax discussed at approximately 2.25% on income above the stated thresholds.
- Prediction that additional taxes and housing costs could encourage higher-income residents to relocate.

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