Ulrich says it all means that real estate is no longer an attractive asset bubble and that the "mass affluent" Chinese will be forced to invest in gold and alternative property investments.
The worldwide rush into Gold and Silver is only just starting. Back on April 7th I posted this chart from Sprott Asset Management which shows how small the current investment in gold and gold mining shares is compared to large the investment has been during the previous bull market era's in Gold.
As a % of global assets, investment in Gold in 2009 was less than 1%.
Foreign investors are always the last to pile into a bubble. As the Chinese super-rich rush to join the precious metals stampede, they will dump their Vancouver real estate holdings to avoid loosing capital on real estate in the same fashion that is now playing out in China.
If you have real estate in Vancouver, sell it and cash in on the equity at the height of the bubble while you can. If you are in debt, get out of it ASAP. And if you have money to invest, take advantage of what are now extremely low prices for precious metals... especially silver.
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