This comment was left by Condo Paradise in the previous thread:
This rambling is addressed to all those who contributed to the insane property values we have here.
First, I would like to disclose some relevant info.
I own my 1000 sq, ft condo(no intention to sell) which I purchased new back in 1996 for $279,000. I don’t care what it is worth today because I enjoy living here. The building is situated in a very quiet neighborhood and consists of 120 suites. We have had very little problems with the structure as we are diligent with our maintenance and repair. Our strata fees are $300 – $400 /month and have a healthy contingency fund Over the years the demographics of the building has changed dramatically. We have 25% of the suites vacant.
This is where I begin.
Continue reading Condo owner against speculation
A 19 storey high rise tower at Broadway and Kingsway: smart planning for dense living or harbinger of gentrifying doom?
Perhaps there is a point when you say “no thanks, that’s just the right amount of tall buildings, we want no more.”
But is this really the time for that?
I had a friend in town from the States and driving through the neighbourhood his first impression was “Huh, you’d think the corner of Broadway and Main street would be more impressive”.
Ours is certainly not the broadway of New York, it’s not even the Broadway of Portland.
Our Broadway is a bus route scattered with greasy spoons and mini-malls. Are we really going to stop development at this point?
The argument against this proposed project is that it will ruin the flavour of the neighbourhood, but can’t a real city generate a creative class that evolves with the times? Are we so fragile that a new condo tower can destroy a neighbourhoods character?
Vancouver has a problem and it goes beyond housing costs. It seems very much to me like a city in it’s awkward teenage phase. It’s a pretty teenager, but so freaked out about what everyone thinks it’s afraid to take chances or be itself. It’s afraid of change and apparently can’t handle it’s alcohol.
If we really want to be a world class city it’s time for us to grow up.
Post Submitted by JPR