To the editor:
I strained to see any facts amongst the rote assertions. The employment base in the city cannot sustain current pricing levels, thus somehow there is additional capital finding its way into Vancouver housing assets. From where is this capital coming? Any credible analysis of Vancouver housing costs cannot dodge this question.
The Maple Ridge line of argument is laughably inappropriate, as any MLS search will show. As you surely realize, the current controversy stems from multimillion dollar houses in Vancouver proper, not suburban homes one-tenth of their price. You go on to state infrastructure drives housing costs-should I infer that it is the B-line bus service that is driving the value of homes near UBC?
Finally, shame on you for employing the speech-stifling accusations of racism so you can sidestep impartial analysis of the issue. Are you unable to state your case in economic terms? I am eager to hear your explanation as to why the willingness to pay at the top end of the detached home demand curve has increased so much without a corresponding increase in Vancouverites' income.
Graham Duck, Vancouver
