submitted 6 days ago* (last edited 5 days ago) by NightOwl@lemmy.ca to c/canada@lemmy.ca

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[-] cyborganism@piefed.ca 27 points 6 days ago

Tajdin is one of thousands of Canadians who have been caught in the fallout of the country's collapsing condo market.

Because of dicks like him that artificially inflate the price of residential properties through unethical cheap tricks. Trying to flip a brand new unfinished condo and artificially inflate its price before it's even finished? Fuck that guy for trying that shit. He got what he fucking deserved.

[-] HellsBelle@sh.itjust.works 13 points 6 days ago

“Online, people are calling us greedy investors and saying we deserve to suffer like this,” says Sara. “But the ones losing right now are middle-class and working-class people like me, who were just securing something for our family’s future. The people who are actually rich aren’t losing here. They’re just waiting for the market to recover.”

[-] karlhungus@lemmy.ca 4 points 6 days ago

I think you're going after a (yes greedy) victim. It seems like the developers are the truly greedy people here. Hell they haven't built shit, and now they are suing the people they've already conned?

[-] BillyTheKid2@lemmy.ca 5 points 5 days ago

Zero sympathy for anybody who owns investment properties. Zero sympathy for landlords.

[-] kent_eh@lemmy.ca 1 points 4 days ago* (last edited 4 days ago)

They should have gone into it with the understanding that no investment has a guarantee of positive returns.

That's how investing has always worked.

Investing is just like any other form of gambling, if you can't afford to lose the game, you shouldn't be playing.

[-] cyborganism@piefed.ca 6 points 5 days ago

The promoters are just building the place and selling it at a price. The other dude is trying to manipulate the market with unethical tactics.

[-] karlhungus@lemmy.ca 3 points 5 days ago

They are selling something that isn't built based on investments. They go super cheap on what they put in it, and if you can't purchase because you don't have enough money (yes shame on you), they sue you AND keep the money you put in. They are not just building the place and selling it at a price.

[-] sorrybookbroke@sh.itjust.works 8 points 6 days ago

Holy shit was that a long read. Incredibly in depth though and very interesting

[-] SamuelRJankis@sh.itjust.works 3 points 5 days ago

This format isnt very popular these days. Most people actually reading these type of article is going to be presented with information they've seen quite a few times. Now with links and tool tips it really isn't a lot of reason to rehash things to this extent.

I do see why they would put in a magazine.