Michael Geller tweets:
This single tower has more building area than the 10 towers approved at Bayshore Gardens. Note average suite size is 1,300+ square feet.
About half of Bayshore Gardens:
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Bigger isn’t better.
Trust me, photo #2 is much more livable than #1
(I’m a part time resident of both cities)
Why is that please explain why bigger isn’t better?
Is “building area” to be understood as “density” here in terms of number of people or just number of units?
And they’re rewarded with a view of the FDR and Brooklyn.
And one is in the world’s financial capital and one is in a second tier city.
I forgot to add that surely everyone knows that in Vancouver such a waterfront building, with large suites would be sold largely to offshore buyers, so what’s the point in approving this kind of density? Local will get no benefit.
And this one won’t?
And this one won’t what..?
Good lord!
Can we think of a thought experiment?
Do you accept it would be technologically possible to absolutely flood the housing market with supply?
Do you accept developers would do this if they could, because it would be profitable at current prices?
Then, do you accept the only barrier to this occurring is government regulation?
What do you think would happen if government lifted these regulations and allowed the market to be flooded with housing? What would happen to house prices, to rents, to population, to everything? Why?