this post was submitted on 02 Oct 2025
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[–] Zorque@lemmy.world 2 points 6 days ago (1 children)
[–] CanadaPlus@lemmy.sdf.org 5 points 6 days ago* (last edited 6 days ago) (1 children)

If you read the article, these are tiny Vancouver apartments already. It sounds like going even smaller and shittier would be illegal currently, which is what's causing the problem.

[–] Zorque@lemmy.world 5 points 6 days ago (2 children)

Ahhh, so they're just charging outrageous prices for already cheap housing.

[–] CanadaPlus@lemmy.sdf.org 1 points 6 days ago (1 children)

And still not making a profit, apparently.

[–] Tiger666@lemmy.ca 1 points 5 days ago (1 children)
[–] CanadaPlus@lemmy.sdf.org 0 points 5 days ago (1 children)

To pay back creditors, sure.

Nobody has a magic money printer. Developers aren't part of a conspiracy just holding back the good stuff from us, if that's what you're implying. Because I know that's the jerk.

[–] Tiger666@lemmy.ca 1 points 4 days ago

If they need ALL the excess value and leave nothing they will have nothing.

[–] Eranziel@lemmy.world 1 points 6 days ago

Exactly. These condos are over $1000/sq ft. Completely out of reach unless you or your parents are already rich. I don't get how this surprises anyone there.