<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>huhtenberg</author><text>Actually it _is_ mostly due to Chinese money and the fact that Vancouver is the closest Canadian metropolis to Hong Kong, which jump-started the Vancouver bubble in 1999.</text><parent_chain><item><author>alacombe</author><text>&amp;gt; It needs to separate out Vancouver and the rest. Vancouver is its own bubble of self-perpetuating nonsense propagated by Chinese money.&lt;p&gt;Not just Chinese money, see my comment below.&lt;p&gt;To summarize: 1) best climate for Canada, 2) bounded north, west, and south, 3) land already developed, 4) high immigration</text></item><item><author>cletus</author><text>So I have two issues with this post.&lt;p&gt;1. It needs to separate out Vancouver and the rest. Vancouver is its own bubble of self-perpetuating nonsense propagated by Chinese money.&lt;p&gt;2. The article states shares are better because companies can plow money back into the business, which completely misses the point because price rises aren&amp;#x27;t pure speculation. There is a HUGE labour cost in housing such that housing prices track inflation (particularly wage inflation).&lt;p&gt;And that&amp;#x27;s the real value in property investment in periods like the 1970s that saw really high inflation.&lt;p&gt;What&amp;#x27;s more land represents a largely non-renewable resource. Take Manhattan as a fairly extreme example. They&amp;#x27;re not making more land to put things on. Other cities like Chicago, LA and especially Atlanta can basically spread forever. But even in those cities, inner city land is irreplaceable and finite.&lt;p&gt;Now I&amp;#x27;m not saying Canada isn&amp;#x27;t in a bubble or that bubble won&amp;#x27;t burst. But the author takes a naive stock-centric view of things.</text></item></parent_chain></comment><story><title>Canada&apos;s Housing Bubble Will Burst</title><url>https://www.bloomberg.com/view/articles/2017-06-21/canada-s-housing-bubble-will-burst</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>davidw</author><text>&amp;gt; best climate for Canada&lt;p&gt;The Okanagan valley seems like it might merit that title as well, being fairly dry and sunny (sagebrush and wine growing!)&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Okanagan&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Okanagan&lt;/a&gt;&lt;p&gt;Looks nice! &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;goo.gl&amp;#x2F;maps&amp;#x2F;nWS4Stwc1WT2&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;goo.gl&amp;#x2F;maps&amp;#x2F;nWS4Stwc1WT2&lt;/a&gt;</text><parent_chain><item><author>alacombe</author><text>&amp;gt; It needs to separate out Vancouver and the rest. Vancouver is its own bubble of self-perpetuating nonsense propagated by Chinese money.&lt;p&gt;Not just Chinese money, see my comment below.&lt;p&gt;To summarize: 1) best climate for Canada, 2) bounded north, west, and south, 3) land already developed, 4) high immigration</text></item><item><author>cletus</author><text>So I have two issues with this post.&lt;p&gt;1. It needs to separate out Vancouver and the rest. Vancouver is its own bubble of self-perpetuating nonsense propagated by Chinese money.&lt;p&gt;2. The article states shares are better because companies can plow money back into the business, which completely misses the point because price rises aren&amp;#x27;t pure speculation. There is a HUGE labour cost in housing such that housing prices track inflation (particularly wage inflation).&lt;p&gt;And that&amp;#x27;s the real value in property investment in periods like the 1970s that saw really high inflation.&lt;p&gt;What&amp;#x27;s more land represents a largely non-renewable resource. Take Manhattan as a fairly extreme example. They&amp;#x27;re not making more land to put things on. Other cities like Chicago, LA and especially Atlanta can basically spread forever. But even in those cities, inner city land is irreplaceable and finite.&lt;p&gt;Now I&amp;#x27;m not saying Canada isn&amp;#x27;t in a bubble or that bubble won&amp;#x27;t burst. But the author takes a naive stock-centric view of things.</text></item></parent_chain></comment><story><title>Canada&apos;s Housing Bubble Will Burst</title><url>https://www.bloomberg.com/view/articles/2017-06-21/canada-s-housing-bubble-will-burst</url></story>