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160 years of rampant land speculation and untethered state-led profiteering has finally paid off!

COME BACK WITH ME to 1858, when the BC real estate crisis began... #BCHist #vanre #bcpoli 1/
Meet Edward Bulwer-Lytton, colonial secretary, and James Douglas, the first governor of colonial BC.

BC as a colony was about 5 minutes old when these two kicked off the Great Land Grab of 1858 That Never Really Stopped. 2/
In 1858 BC was broke af. Douglas’ rash proclamation of sovereignty over all the gold turned out to be unlawful even by colonial standards (oops) and forced the creation of the colony before any cash flow existed. 3/
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