Quote:
Originally Posted by King&James
Chicken and Egg. I would love to see a glut of compllteted condos or rentals , keeping prices in check , letting folks move on from less desirable abodes (encouge those to be updated), and drive demand for services / ammenities
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if you think ANY of these are gonna be affordable right in the downtown core.. I've already seen 1 bedrooms going for like 3000 a month downtown
People aren't gonna be moving in from less desirable abodes, if they live in less desirable abodes that's usually because that's all they can afford..
it's all well and good to state we need more condos downtown - but let's face it, only rich people are going to be able to afford them. Which is fine but we have to keep that in mind.