What about companies financing large condo/high rise development - do you think they might be using the walk away strategy?
Kingsett & Romspen come to mind. I can’t understand how any responsible individual is signing off on loans for massive density that realistically has no known infrastructure plan, budget or timing for water, w/w, sometimes proposed (ghost) transit stations that justify unrealistic density. This is the case in Ontario anyways. Plus it doesn’t even look like lenders do the basic due diligence reviewing the financials of the borrower who usually already has multiple projects ongoing, proposed and already carry an sizeable debt.
But hey what do I know I have no financial background…
Interesting comment, Irene. The effects on lenders has not yet been fully analyzed. Hiding lender loses cannot be continued as prices fall even more. But. Trump will help, for sure.
What about companies financing large condo/high rise development - do you think they might be using the walk away strategy?
Kingsett & Romspen come to mind. I can’t understand how any responsible individual is signing off on loans for massive density that realistically has no known infrastructure plan, budget or timing for water, w/w, sometimes proposed (ghost) transit stations that justify unrealistic density. This is the case in Ontario anyways. Plus it doesn’t even look like lenders do the basic due diligence reviewing the financials of the borrower who usually already has multiple projects ongoing, proposed and already carry an sizeable debt.
But hey what do I know I have no financial background…
Interesting comment, Irene. The effects on lenders has not yet been fully analyzed. Hiding lender loses cannot be continued as prices fall even more. But. Trump will help, for sure.
You know things are getting bad when Steve starts using the word 'cometh'
Unless there is a huge surge in immigration the baby boomersdying off is going to have a huge impact. More inventory,, less body count.
I just had an idea, seeing as we inherited this mess from the baby boomers, maybe we should change our generations name to the 'doomer-babies'