Undead
Senior Member
Because 70-90% of pre-cons are bought by investors to rent out and they don't give a crap.Uggh, minifridges . Why do suckers pay a premium for these floorplans ?
Because 70-90% of pre-cons are bought by investors to rent out and they don't give a crap.Uggh, minifridges . Why do suckers pay a premium for these floorplans ?
Plus, that view in the promotional suite‘s image (above) is from Riverdale Park East, and inverted (note the building locations relative to each other)!Uggh, minifridges . Why do suckers pay a premium for these floorplans ?
Raising the minimum down payment requirement to 50% would put the kibosh business model (which is highly leveraged and relies on inflation induced debt destruction)Because 70-90% of pre-cons are bought by investors to rent out and they don't give a crap.
Or just keeping interest rates at a normal level.Raising the minimum down payment requirement to 50% would put the kibosh business model (which is highly leveraged and relies on inflation induced debt destruction)
They are still lower than the rate of inflation, unfortunately.Or just keeping interest rates at a normal level.
They are still lower than the rate of inflation, unfortunately.
I think both higher rates and a higher down payment requirement is necessary to slay this dragon and bring us back down to pre 2014 prices.
I'm hearing that the City isn't declaring NOAC on SPAs anymore until a project has zoning approval.Still doesn't have NOAC.
I'm hearing that the City isn't declaring NOAC on SPAs anymore until a project has zoning approval.
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If so we're missing something: the database lists this as appealed to the OLT. @Paclo will check it out!?
What am I missing?
This one got its zoning ages ago.............
Still doesn't have NOAC.
New Docs submitted January 4th /24
@Northern Light , not seeing any new 2024 documents in there. Latest arch plans are from Jan 2023...
How the hell did Broccolini get to 70%?????