“Absence of buyers” LOL, they mean prices are too high

Prices are too high for essentially shoe boxes. Add to the fact the majority are so poorly built. Buddy of mine is a plumber, owns his own business, started out taking house calls and what have you. Eventually he got on retainer for like two companies and that’s all he works for now. the calls are daily for only 3 condo buildings. you can’t completely fix the problems for these buildings, just essentially patch them.

So why pay an arm and a leg for a wet shoe box held together with duct tape and hopes and dreams?

Get fucked cunts. Build proper apartments. With concrete. And proper kitchens. Not this Airbnb crap you see. Get fucked cunts. No high rise crap. Reasonably sized mid rise condos are fine.

Aaron says he expects pre-construction condo sales to continue to be slow for the next few years. Though he notes it won’t last forever.

“Markets go up, markets go down, and sooner or later condos will be hot on the market again.”

These people don’t get it. No one wants to live in a condo anymore, certainly not at prices that are comparable to houses that are just a little farther away. The market has tanked because once a sizable portion of the population could work remotely and no longer had to factor an hour+ commute into the equation, they chose to spread out more and have their own space.

The people left who actually want to live in condos and don’t have to, are now primarily picking older units built before developers made everything as shitty as they absolutely possibly could.

Governments and banks are forcing people back to the office primarily because they all collectively fucked up and allowed for the over investment and valuation of fundamentally crappy buildings and are desperately trying to prevent the economic bottom from falling out on their poor choices.

At least the new housing minister is opposing intervention and is instead focused on building non-market housing.