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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old Yesterday, 06:15 PM   #34051
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Old Yesterday, 07:33 PM   #34052
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I was wondering how these developers can even afford to develop land like that and my developer friend said because they bought the land for so cheap (compared to today's standards) they can stomach the construction costs. He said it would be impossible to build a development like that today if they had to buy the land at current market price.

So he said people should be thankful there are developers like concord and the other major developers that are here because if they didn't have the land from back in the day, there wouldn't be these big projects that we have.

I think that's a pretty strong endorsement for these big developers, people always make it seem like they're the big bad wolf, but they're actually quite productive for our city.
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Old Yesterday, 07:36 PM   #34053
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They suck ! They all suck. Quality is shit. On par with buddy guy builders nowadays.

If you can afford it, it’s still better to get a white guy custom home team who has a long history of development. Only problem with that is cost and time. Most of these guys are based out of Langley or some shit and they take forever. Like that one in my neighbourhood being built, it’s been going since the start of the pandemic. Still not finished.

Pretty sure it’s over 500 bucks per sqft
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Old Yesterday, 08:36 PM   #34054
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Quote:
Originally Posted by Hondaracer View Post
Back to R/E I had a colleague go check out a brand new building at Cambie and King Ed today, new wood frame low rise rental building

2 bedroom unit with 1 parking spot renting for… 4300/month without utilities
This reminds me of the Lougheed towers were nearing completion, they had banners around one of them advertising 'rental units available'. These were dedicated rental-only units.

Not even a week later, I happened to see a news story on these towers with that same banner in a close up shot followed by the reporter saying how much they cost...

"$4500 / month for 2 bed / 2 bath" for what's probably a trash build that won't wear very well.

Also a short time after they opened, the main complaints generated were people throwing their trash, cigs and even alcohol bottles over their balconies.

The times I've gone to that BMO way after hours left me feeling with 'this is paradise?' as the guy on his Trek Checkpoint SL 7 and JBL party box cycles around the premises while John Scofield plays on the tower's built-in PA System.

Like, FUCK, just call in Red Falcon at this point...

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Old Yesterday, 09:33 PM   #34055
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Quote:
Originally Posted by Badhobz View Post
They suck ! They all suck. Quality is shit. On par with buddy guy builders nowadays.

If you can afford it, it’s still better to get a white guy custom home team who has a long history of development. Only problem with that is cost and time. Most of these guys are based out of Langley or some shit and they take forever. Like that one in my neighbourhood being built, it’s been going since the start of the pandemic. Still not finished.

Pretty sure it’s over 500 bucks per sqft
I’ve been dealing with builders in Vancouver now for a couple years, no joke 90% of them are Indian.

The only white guys build or Reno ultra high end, 10+ million on the west side. Literally everything else east of oak is Indian with a handful of Chinese builders.
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Old Yesterday, 10:05 PM   #34056
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Stupid builders…. Honestly if I can get a full Chinese crew nowadays that’s already a win. I’ll take that over these dinguses that built my house. It’s been a year and I’ve been constantly cleaning up after their shoddy workmanship
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Old Today, 07:19 AM   #34057
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^ they probably won't do it, in before someone cries about hobos having nowhere to stay if we tear down the bridge, + cost overruns, cov going broke
I can't recall the specifics but I believe the deal for tearing down the viaducts includes the developers having to contribute to a good chunk of the costs in exchange for approval to build the proposed development.

It's still generally the city's fault for not having started that work though - COVID is not an excuse.
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