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lowside67 · 10-04-2016, 02:15 PM

The biggest problem with this special assessment is it basically seals the fate that the building will not be be redeveloped, which is what should happen. It's too bad that 250 units are never going to be able to collectively agree to sell, which is what would need to happen for the redevelopment process. The idea of spending $17-million on repairing 20+ year old apartments that are not the optimal configuration is nuts. However, even with all this shit, I'd buy a unit for the right price - it's a perfect candidate for renting out.

Mark

10-04-2016, 02:15 PM	#8550
lowside67 Old School RS Join Date: May 2004 Location: Port Moody Posts: 4,641 Thanked 4,157 Times in 1,262 Posts Failed 130 Times in 80 Posts	The biggest problem with this special assessment is it basically seals the fate that the building will not be be redeveloped, which is what should happen. It's too bad that 250 units are never going to be able to collectively agree to sell, which is what would need to happen for the redevelopment process. The idea of spending $17-million on repairing 20+ year old apartments that are not the optimal configuration is nuts. However, even with all this shit, I'd buy a unit for the right price - it's a perfect candidate for renting out. Mark __________________ I'm old now - boring street cars and sweet race cars.