@ronmortgageguy Developers will buy them for .50 on the $1 and reengineer them for family size 3br suites for top dollar… just like they did in NYC. Cut & paste. I wrote about this 15-16 years ago… and we’re almost entirely cross the threshold.
NYC is getting absolutely wrecked and these people won’t stop until there’s nothing left standing.
Socialist Mayor Mamdani just moved to BAN landlords from running both income AND credit checks on renters.
So now you gotta hand over your building to anyone who walks in, even if they got zero chance of paying the rent?
This is how you destroy a city on purpose.
Landlords are already getting crushed and this is just gonna make them run for the exits even faster.
Then the buildings rot, the slumlords move in, crime explodes, and the taxpayers get stuck cleaning up the mess again.
These radicals don’t believe in private property.
They want to abolish it piece by piece until everything belongs to the government or falls apart.
Unbelievable.
@ronmortgageguy There should be an uprising of Egyptian proportions in the streets of this country from coast to coast!!!
The very people who claim to protect our Nation’s sovereignty have slowly bought & sold it to fill their chests like Pirates in the night.
@ronmortgageguy You’re right Ron! Billions hand over fist! The ones who knew how to manage it wouldn’t touch developable land with a 50’ pole in the last 3 years waiting for blood in the water.
And for the one’s that didn’t, went well beyond mortgage default into forebearance!
What's The WORST Thing About The Carney Condo Bailout? The Developers He's Bailing Out Made Fortunes for 20 Years
And everyone who keeps suggesting it's smart to buy instant Low Rent, Non-Market affordable homes instead of waiting for Build Canada Modular Yurts is stupid
2/
Money Laundering was a BIG part of Developer Condo sales, see @scoopercooper
Foreigners buying units was huge
Pure speculation: flipping Condos by Assignment was the main reason people bought Condo Pre-Sales
An Industry based on Fuckery is the only correct description
6/
And after a couple of decades of Developers being Robber Barons, when these quasi criminals finally blew themselves up believing their own Bullshit
The Government steps in to save them with the lie of Affordable Homes
What's Mainstream Media's Opinion Of Carney's Condo Bailout In BC?
Not one Fucking WORD about a Bailout
I checked out every News Show on MSM last night
No mention of a Bailout at all, it's a new Affordable Housing Initiative
Just a good thing right?
Thank Christ for X