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I'd be really interested to know how you could possibly generate a positive return on this kind of investment? Any way you slice it, this kind of purchase is a money loser as far as I can tell.

You were saying? Thorpe: Condos Are A Lofty Concern Jacqueline Thorpe Financial Post Tuesday, September 04, 2007 The Bank of Canada is universally expected to hold its interest rates steady at 4.5% tomorrow. Although the unemployment rate is at a 33-year-low of 6.0%, wages are...

Somewhere in the middle lies the point of greatest benefit. If the city's planning department had the control over the development that was apparently evident in Vancouver then perhaps the residents of Toronto would have gotten a project to be proud of as opposed to one that served primarily to...

Instead of throwing hundreds of millions at a bona fide ghetto in the making like Regent Park throw some subsidies for existing tenants to buy units in the new St. Jamestown MuranBuranLantisVibeVuMetacleSucessPlace CONDO TOWERS (complete with the new SKYVIEW ROOFTOP LOUNGE!) and *presto* instant...

Great question. I believe the density per square km in SJT is significantly higher than the density in the aforementioned areas. Also, in HP and Y&E there are only a few buildings per project and thus not nearly the insular, self-contained, cut off from the street, feeling that City Place and...

Spot on SNF. If anything I found that you used kid gloves when describing the future down there. Interestingly, if the City of Toronto had any moral conscious, it would immediately equalize property tax for apartment buildings and condominiums to give tenants a decent chance. It is...

My apologies RB- I'm suggesting that 1K was doomed from the start due to the developer's incompetency, but that it became a financial disaster as a result of the inability to generate the kind of sales that he projected. The credit crunch with make it more difficult and more costly for...

Easier said that done friend. There isn't a lot of pricing power in the rental market and SJT, while structurally sound, is demographically not very appealing to higher paying renters. I agree the buildings have good layouts and amazing views, but it would take many, many, years to vacate and...

I've been touting the St. Jamestown line for years! I totally agree with Vaughn! And I also agree with the argument that St. Jamestown is in a nicer area than this dump! As far as the current $1500 per month rentals, give it a few years and these slabs will start to badly deteriorate and...

Saw this train wreck coming from 100 miles away. Look at the man's track record! His failure was inevitable and I do sympathize with anyone who purchased a new home for themselves and are now in limbo but the investors in 1KW certainly got what they deserved by buying into the Enron-math that...

I suspect they are more likely to drop to $1.2 million before rising to $2.0 million.

East of Bayview, between York Mills and the 401, is Willowdale. Or at least it used to be...

I realize that out in Scarberia all of NY must look to same to you, but the only place in Willowdale where homes will ever sell for 2 mil in 2007 dollars are south of the 401. It starts to get much more pedestrian as you travel north on bayview beyond the highway.

How about David Miller? Don't get me started...

I concur with your sentiments and would never imply that any opinions should be censored, mine included.

Sure. And move the goal-posts another 20 yards in and I'm sure you'll be at 100%. You can manipulate the numbers however you want, it still appears to be a financial disaster in my opinion. These projects need to get from land sale to construction well before you guys likely will and I can...

LOL! Thanks for that little chuckle, I needed it. Resale condos is this area are not holding their value due to the enormous asian specuvestor component. Read Urbanation report to confirm my comments. North York planning dept gets steamrolled by one tasteless project after another. If ever...

Think so Shock? I disagree. I think his sinking brand becomes more diluted with every failure. Tampa was the tip of the iceberg. A few of the Trump Org proposals have come my way in various locations. They certainly are top-heavy as far as fees are concerned. Good for him for being able to...

This thing will get built- it just won't be a financial success, in my opinion. Harry Stinson built a tower- look how that turned out. The appearance by the foregoing lot is evidence of the desperation of the development group to (re)establish any credibility for the project. Maybe this...

That's where we differ slightly OW. I submit that a stabilized real estate investment (ie where existing rent is at or close to market rent) must yield more than the cost of capital and thus produce positive leverage. In a market like Toronto where new condo rentals are free from regulation...