[GS8]

I've said it before and I'll say it again as I have for the last 10 years:

These new builds are straight garbage, full stop.

They were always built for investors (unlivable layouts, no 4th floor [I am aware this was amended], little to no longstanding quality, stupidly high priced, etc.). Now multiply that by the thousands of listings.

FOMO was huge back then since if you, a local, were out to buy your first home, then you'd be competing with mystery buyers who had no issue jumping the queue because they had cash ready to go.

No one's interested now. This 'scam' was exposed once the foreign interest waned. Now the developers are going to complain about unsold inventory which are still being sold at high prices.

Fuck

Right

Off

When I lived in condo with a 2017 build, the hot water tanks failed in 2022. 5 years? So all 5 had to replaced @ $25,000 / piece. Then you have other things like obsolete parts for the front door control panel. Same goes for the elevators. Ongoing maintenance over and over.

My windows were already leaking in 2019. The chain pull-cord that opens and closes the blinds never stopped swaying in the 6 years I lived there.

And that God dang fridge. Biggest POS appliance I ever had to deal with. Doesn't help it's part of the wall.

OoooOOoo luXuRy they tells me! So luxurious, the strata fees are $450 a month. Sidestep me with that linguistic colostomy.

And @ $1000 / sq ft, you'd have to be absolutely mental to pay that from a local perspective, but if you're looking to park offshore money and watch it grow, then congrats.

I'm glad the foreign interest towards condos has dried up. Now you're left with ugly, overpriced cardboard boxes that no one wants. Reap what you sow. It's nice watching the smugness in their faces evaporate like piss in the frozen wind.