Try this game - see if you can guess whether these prime pieces of real estate in Vancouver, Canada are sold as "Mansions" or are "Crack shacks". I;m sure you get the idea. A recent study by Demographia charts the rise of Housing unaffordability throughout the world. Vancouver comes in first place, closely followed by Sydney, with Melbourne coming 7th. - eg Table ES-3 Severely Unaffordable Housing Markets, Ranked by Severity of Housing Unaffordability.
Now aren't we lucky!!
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Greenstone Girl