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Originally Posted by TheNovaScotian
You missed the actual number that was agreed upon.
"The director of assessments took the cases to the provincial regulator. But before there was a ruling, both sides decided on a settlement.
Overall, the property assessments are down, but only by a total of $2.1 million. That means a maximum savings of $25,000."
I don't understand Colin, you obviously want this city to be affordable as per our earlier discussions. Why do your posts always seem to favour the status quo? You feel these developers are over building but who's the victim here? The developers carry the risk and the costs. If these units sit empty, it still taxes the city would never have seen because the housing capacity wouldn't exist. As of right now they have 18 units for sale left in the Anchorage which means in a year or two it will be full. Why do you constantly advocate that we should stop building new units? I'm just trying to understand the doom and gloom.
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I am not advocating any attempt to limit building residential properties. I just don't like the BS that Fares fed to the media, primarily the Herald, where he insisted sales were booming when they weren't. I never spoke against his development and I always thought he was taking a great risk, which has been the case. And the number of unsold units is 29, including 3 commercial units. Data from PVSC.
I never hear Chedrawe,Lauwen or Spatz hyping their properties in a misleading manner. I have known Chedrawe since his parents ran a corner store near where I lived, I served on the board of Neptune with Spatz, and Lauwen is a man who was given a very hard time by HRM staff when he was renovating Greenvale. Because of my experience with them I regard all 3 men as honest and reliable business people.
As for doom and gloom; the TSX and the Dow are lower than a year ago, interest rates are rising, the Canadian dollar is the lowest in 18 months, my retirement account has given up almost all the gains of this year, the world economy is a mess and over at City Hall some councillors want to hike my taxes - I'll accept a 2% hike and not a penny more. And the HRM pension plan is once again underwater.
Other than that, have a great Christmas - we'll be in Toronto.