[mc32]

I suppose, but also we have a lot more international wealth buying up real estate which often times goes under used.

With globalized, unrestricted open markets we get the new international wealthy buying real estate across borders which competes against local buyers.

So, in SF and Vancouver you're not only competing against transplants from the Midwest but with wealthy investors from China, India, and other countries where people for different reasons want to get their money out of their countries.

[closeparen]

Isn’t real estate being abused as a store of value because the better-suited stores of value (securities, etc) are more restricted?