Quote:
Originally Posted by Changing City
Maybe I'm being particularly dense, but if a proportion of condos offered for sale are 'bought' by speculators with the intent to flip them to some other potential buyer in under 2 years, how does that encourage any new supply? They're just getting into the market and putting a deposit down, and gambling on being to pass that assignment on for more. If they're successful, then the price has risen, but whoever buys from them would otherwise have presumably bought a different unit.
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Let's just start here. These investors are bankrolling new supply. Without them, less presales would sell, and less construction would actually take place. Can we agree on that?
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