Tuesday, April 12, 2016

“For some young Chinese immigrants in Vancouver, money is...

"For some young Chinese immigrants in Vancouver, money is no object. The next purchase after a house is usually a car, and then a few more. And for the fuderai — a Mandarin expression that means "rich second generation" — cars are more about fashion than function. Hundreds of young Chinese immigrants, along with a handful of Canadian-born Chinese, have started #supercar clubs to show off vehicles that cost as much as $600,000. Many residents of #Vancouver — British Columbia's largest city and Canada's most expensive — are angered by the rise of rich foreign real estate buyers and absentee owners. But the anger has had little effect on the gilded lives of Vancouver's wealthy Chinese. @fremson photographed Loretta Lai snapping a picture of a #luxury car at a reception at a @lamborghini dealership in Vancouver." By nytimes on Instagram.

Posted on infosnack.

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