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CCP Money Laundering Across the commonwealth! Vancouver, Australia, New Zealand & London!

364 views · Published 7 October 2016 · 5:06 · Indexed 18 October 2026

Channel: Mike Martins · 2016 · News & Politics

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First off, I want to thank everybody who's been following my coverage of the Vancouver housing crisis.

Something has happened with these videos that I honestly didn't expect.

I'm getting messages from people all over the world.

When I started talking about Vancouver housing, I knew other expensive markets were having problems. I knew London was expensive. I knew Australia had housing issues. I knew New Zealand was seeing rising prices, and I've been following what's happening in parts of Africa as well.

But I didn't realize how many ordinary people around the world were dealing with the same basic problem.

People are messaging me from Australia, New Zealand, London and elsewhere telling me that housing prices and rents are becoming increasingly disconnected from what local people can actually afford.

And that's what really concerns me.

Why does this seem to be happening in so many major cities at the same time?

I've been trying to understand the Vancouver market by looking at sales, listings, foreign investment, government policies and what I'm physically seeing on the streets.

But there are also factors that are extremely difficult for an ordinary person to measure.

Where is all the money coming from?

How much is legitimate investment?

How much housing is being purchased primarily as an investment rather than somewhere to live?

And how much questionable or undeclared money is entering real estate?

There are too many variables for me to pretend I can perfectly forecast where this market goes next.

What I can do is continue documenting what I'm seeing.

One thing that does appear to be happening here in Vancouver is that sales activity is cooling, and I'm going to continue following that closely.

I've said this before: I'm not against owning a house.

I'm against paying a luxury price for something that isn't a luxury product.

It's like somebody asking me to pay $350,000 for a 1981 Honda Civic because that's simply what the market says it's worth.

At some point you have to ask:

What am I actually getting for my money?

And that's becoming an international question.

I want to hear from viewers in Australia, New Zealand, Britain, Africa, Canada and everywhere else.

Tell me what's happening where you live. Send me articles and information. If you're watching prices climb beyond what ordinary local incomes can support, tell us about it.

I'm going to keep following Vancouver, looking at listings, reading articles and getting out on the streets whenever I can.

Thanks for watching guys, and don't forget to hit the subscribe button.

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