Vancouver real estate developer over $700M in debt

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  • Опубліковано 17 гру 2024

КОМЕНТАРІ • 60

  • @Susanne-zuku
    @Susanne-zuku Рік тому +87

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @Susanne-zuku
      @Susanne-zuku Рік тому

      @Christina-Gisela That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @Susanne-zuku
      @Susanne-zuku Рік тому

      @Christina-Gisela I will give this a look, thanks a bunch for sharing.

    • @MaryOlson7
      @MaryOlson7 Рік тому

      @@Susanne-zuku Alice Marie Coraggio is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance

    • @JJ-gm4ck
      @JJ-gm4ck 9 місяців тому

      keep your advice to yourself. no one cares.

    • @phoenixman8569
      @phoenixman8569 6 місяців тому

      this is very true, the only residents in B.C that are profiting from this are the retired baby boomers who purchased their homes some 40 years ago and are now cashing in, while the rest of us gen-x, millennials and a few others are struggling to make ends meet....

  • @David-gz4wb
    @David-gz4wb Рік тому +28

    "Only when the tide goes out you find out who has been swimming naked" - Warren Buffet

  • @terryleung622
    @terryleung622 3 місяці тому

    They’re building now 😊

  • @FamilyCheung-kc1pw
    @FamilyCheung-kc1pw 2 місяці тому

    Interest rate will going down in large scale than what you expect now

  • @UnknownCharacter-n9v
    @UnknownCharacter-n9v 2 місяці тому

    Canada is so expensive it is ridiculous

  • @acenda-r2d2
    @acenda-r2d2 Рік тому +35

    Better not be using any of My tax money to bail out greedy developers or real estate speculators

    • @penstateftw422
      @penstateftw422 Рік тому +1

      well they kind of have to, thats how construction bankruptcy works with half done stuff. and we have a housing crisis

    • @toddm6999
      @toddm6999 Рік тому +6

      Chinese developers are they even Canadian?

  • @huskavarnapunkband
    @huskavarnapunkband Рік тому +10

    How can you go bankrupt in the best paying markets in the world? Unless you corrupt , and sit on the Vancouver city council!!!

  • @SimonDo-on3ce
    @SimonDo-on3ce 9 місяців тому +2

    Nobody knew that interest rates would go up so fast, except for the people who raised it

  • @HamidA-to8vy
    @HamidA-to8vy Рік тому +5

    I understand that real estate in Vancouver is many times more expensive than Edmonton, but I can't understand why the cost of building in Vancouver is so much more expensive than Edmonton. It is a total rip off, and it has started to surfaced

  • @janine-Saved-By-Grace-Alone
    @janine-Saved-By-Grace-Alone Рік тому +13

    Thank Trudeau for this mess!!! and its going to get much worse!

    • @kimberleyhunter6815
      @kimberleyhunter6815 Рік тому +3

      Building development was a mess before Justin Trudeau was PM.

    • @janine-Saved-By-Grace-Alone
      @janine-Saved-By-Grace-Alone Рік тому +7

      @@kimberleyhunter6815 If thats the case..then imagined how worst Justin has added to it...The triple triple.. TRIPLE taxes are destroying...Not building up!!!.its really going to get much much worst because of Justin! Pretty soon a lot of people will not be able to afford their homes...yes, ALL thanks to Justin!

    • @toddm6999
      @toddm6999 Рік тому

      No bud thanks Chinese realestate scams pushing up our homeland with offshore money

    • @alexguolo5872
      @alexguolo5872 Рік тому +7

      @@kimberleyhunter6815 since Trudeau took office in 2014 Housing has effectively doubled in price. Leaving us to the only conclusion that he has done nothing

    • @MegaJellyNelly
      @MegaJellyNelly Рік тому +1

      You know this is happening worldwide for like 2 decades now lol. Unless Trudeau is the prime minister of the world and somehow a time traveller, I don't think this is his doing.

  • @Ynalaw
    @Ynalaw Рік тому +1

    To Cromandel, I salute you with a raised leg, and a blast of hot air from the holding chamber. I borrow this salutation from the great Pete Mansbridge. Immediately after he would remark, "thanks for watching." Pete always got the giggles when he did that.

  • @janetteellingham4982
    @janetteellingham4982 4 місяці тому

    It’s all about greed. I feel sorry for the people that put money down. Kiss that goodbye

  • @scottymartin9934
    @scottymartin9934 Рік тому +5

    Developers are cons

  • @Ynalaw
    @Ynalaw Рік тому +5

    Is that 1/8" plywood they're using to build those condos? Even on my son's tree fort we used 1/2" ply.

  • @Wilderness-brothers604
    @Wilderness-brothers604 4 місяці тому

    The smartest thing before signing the contract rewrite it yourself if they sign it that’s the contract

  • @ransom182
    @ransom182 Рік тому +11

    Pre-sales are a bad deal. Stay away. These companies should be smarter about how they finance their projects.

  • @Mr.Wonderfull
    @Mr.Wonderfull 2 місяці тому

    greedy criminals seem to be attracted to housing.

  • @JonFloFPV
    @JonFloFPV 4 місяці тому

    As they said, most of the properties are built for investment.
    What happened with actually buying and living in a home? Oh yeah, with all of them being bought out by property investors instead with deep pockets, prices have skyrocketed above wages and are now stupid beyond belief.

  • @briellehunter7233
    @briellehunter7233 Рік тому +3

    Why would anyone want to live in a disgusting city that’s lost all of its nature & natural beauty?

  • @Mr.Wonderfull
    @Mr.Wonderfull 2 місяці тому

    who are the principals in this development company ? Name them.

  • @douggarries3631
    @douggarries3631 4 місяці тому

    I'm wondering how much Chinese involvement in these projects

  • @saminchoudhury2659
    @saminchoudhury2659 Рік тому +4

    let them go bankrupt. you guys don’t help citizens out. them going bankrupt will help everyone

  • @Observer168
    @Observer168 Рік тому +3

    Just a new developer from China trying to run before it learn to walk. Trying to play with the big boys by expanding way too fast before learning how to navigate through the cities web of red tape.

  • @IBangkneeBakks
    @IBangkneeBakks Рік тому +1

    This problem stems from a corrupt city council

  • @christianduval9067
    @christianduval9067 Рік тому +1

    Nobody knows about interest rate go up!!!!! Come on
    This happen in sept 2019....when the repo market jump at 10%.......first signal
    This is why I paid my last income property in 2018.......thru my manufacturing business...i have to deal with 8% inflation rate with the raw material.
    Now is 12%.......
    KeepSleeping....the wake-up will be brutal

  • @elbt101
    @elbt101 Рік тому +2

    Public housing opportunity

  • @jeepstuff4004
    @jeepstuff4004 Рік тому

    Good job ndp voters

  • @stinkfinger630
    @stinkfinger630 3 місяці тому

    Boo Hoo

  • @bcc5084
    @bcc5084 Рік тому

    Let's hope for more misery 🙏..

  • @paullebeau3806
    @paullebeau3806 Рік тому +1

    That’s what you get for voting liberal

  • @jasonn2284
    @jasonn2284 Рік тому +2

    Housing Crash💥 📉