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by monkeynotes
3496 days ago
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How would you liberalize rental leases? The lessor can already kick someone out when they want to sell, I mean they need 2 months notice but I think that is entirely fair. Foreign investors (Chinese millionaires) don't give a crap about rental income. They don't want the headache, property is merely a cash investment hedge for them to sit on care-free. More liberal building permits? Have you seen downtown Vancouver? There are towers everywhere. Infrastructure already cannot keep up with the pace of development in the city and surrounding it. The city should have had a much better long term plan and not grabbed easy cash when it was available. Chinese investment was good for cleaning up Yaletown but it's gutted the city as far as I am concerned. Vancouver is a beautiful place but it's like a vapid supermodel. Nice to look at, but not something I could live with. |
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