BC Housing Situation in Vancouver

IMG_0503

On Wednesday, August 02nd, 2017 I was in Vancouver to watch the fire works at the English Bay. Once the fire works were over and were heading back to my means of transportation, I noticed the apartment buildings had large portion vacant. I concluded that this was the capitalist system, it manipulated the law of supply and demand to increase the price of real estate, and there were nothing phenomena about the law of supply and demand. Human superficially created it to exploit hard-working individuals.

The system began to blame Chinese or foreign investors for raising the price of the real estate in Vancouver. It did not make sense whatsoever. In fact, the individuals were blaming the housing crisis in the BC; they were racists because they were using race as a scape goat to exploit people further and shifted the blame from themselves to others that they could not defend themselves.

This was the capitalist system that it worked. It preyed on people’s weakness and in this case, the weakness was not really that they needed a space to stay, but people wanted someone to entertain them or be showered by the word of prestige to make them feel good.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s