Unless your last name is Trump.
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"generally" is now defined as: except when exacerbating a once in a century global financial meltdown? I would really love some examples of how this can work/go wrong.
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He's right. In Boston they just built Millenial Tower, which drove up rent across the city and of which only 30% of units are used as a primary residence. Exactly what we all wanted!
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Unpopular opinion: real estate developers exert undue control over local governments, are sometimes indistinguishable from organized crime, and will destroy neighbourhoods and city designs if given complete free rein.
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This is really surprising from somebody at a credit union, especially in Vancouver. Developers aren’t inherently evil, but also aren’t inherently aligned to the whole community (including non-buyers). Vancouver is a perfect case study for that.
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And the way they clear cut acres of forest to build tacky, expensive luxury complexes is definitely in line with the community.
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Unpopular, ahistorical, AND stupid. No matter what part of the world you’re in, this is not a fair characterization of the forces behind development.
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Spoiler alert:. He's very wrong.
End of conversation
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How can you even speak on this topic if this isn't part of your thought process?https://twitter.com/bryanyuBC/status/1028676679902752768?s=19 …
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