Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...

Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers …

  • orcrist@lemm.ee
    51·
    7 months ago

    We don’t need to hate on the developers, but neither should we respect them. They were taking advantage of a bubble, knowing full well it wasn’t sustainable, and if they get burned by it, meh.

    • Leviathan@lemmy.world
      3·
      7 months ago

      I’m perfectly fine with hating and even blaming developers. These are people who have decided that making money is a good enough excuse to cause suffering.

      • kevincox@lemmy.ml
        1·
        7 months ago

        I find it hard to blame people for doing what they are incentivized to do. Sure, I would love if everyone is morals first but given the open to build a “luxury” condo that gets N% return on investment or a “basic” condo that gets %M return on investment they are going to build whatever one is higher.

        Most of the blame should lie on the government for not creating the correct rules and incentives.