Thompson: Foreign Buyers "Tail Wags the Dog" in Vancouver

The video discusses the impact of foreign buyers on Vancouver's housing market, highlighting how a small number of foreign investors can influence local buying behavior. It examines the reactive nature of political responses to market changes and draws parallels between current housing trends and historical market bubbles. The speaker emphasizes understanding bubble dynamics to assess the current market situation.

What similarities do you see between the current housing market and historical bubbles?

How can understanding the development of bubbles help in analyzing the current market situation?