Quote:
Originally Posted by Carl Johnson
https://www.realtor.ca/Residential/S...olumbia-V5J2P4
This property was last sold in the summer of 2011 for about 930k. The builder himself tore it down and lived there since and is now selling the house for an astonishing 3.1m in Burnaby South Slope. If you take the floor space of 4736 sqft and times it by $150 per sqft, it roughly costed him 700k to build it, so if he sells it at the asking price the builder is pocketing a handsome tax-free profits of 1.5m in less than 5 years.
But of course the politicians and rest of establishments will just tell all of us to study and work harder in our 9-5, because obviosuly the system is fair and some day you will make it.
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even as the builder/owner, you're nuts if you think he built that place for $150/sq foot.
How exactly is this "unfair" the guy has the know-how and ability to do it, and there's somthing wrong with it?