That looks ridiculous but is likely delicious.
That looks ridiculous but is likely delicious.
Imagine spending months (or years) building a townhouse/condo complex. Now imagine the wages you earned in the process, including loads of overtime, are still insufficient with the current cost of living even remotely to consider purchasing one of these rushed and shoddy builds. I live in a rental unit in a condo complex that was completed within the last 24 months. Some of the things that you’d expect to see in a house settling have happened so drastically and rapidly within 12 months of occupancy that I don’t want to think of the potential structural issues. We’ve had two doors go from fitting fine to being unusable until a repair is made, half of the cabinets I’ve had to readjust, and a couple of them I’ve readjusted two or three times because they don’t fit right. I see cracks in the seams by the ceiling. People were buying these units for between $600,000-$800,000. You need to have the workers live somewhere. Most of them do not want to commute from 60+ minutes away if they can help it. So the harder it is to live near the work the less workers you’ll have.
This is all indicative of where the money in all of this goes. Strata corporations just buy lot after lot and drop structures on it for as little cost to them as humanly possible. They then collect strata fees to cover land taxes and basic maintenance, then pocket the rest.
Respectfully, that’s how politicians all do it. They latch on to something and blame the leader or squeaky wheel in opposition. Don’t kid yourself into thinking their objective is anything but job retention.
I have a 2021 Mustang Mach E California Route 1. I’m incredibly happy about it. The longest trip I’ve taken is to Banff. It’s a fantastic drive and only takes 8 hours with charging. I’m very excited to see electric improve.
More proof that the lower mainland has this absurd dichotomy of “we need more housing” clashing with “but not in my neighbourhood.” Vancouver itself is almost entirely single-family housing, in a place where people are squeezing into units that are too small for their needs, such as multiple single people living in a single-bedroom or bachelor apartment just to get by.