What the hell is wrong with this city… we have a City Council, Hollyburn Family Services Society, Community Housing Action Committee, Generation Squeeze? and LL Business Improvement Area all on board for MORE UNAFFORDABLE RENTAL HOUSING. #RentalMortgageRates
When Anthem gets around building their faulty tower market valued apartment building in 3 years and given how construction costs keep rocketing skyward, rents should be hovering around $3,000 for a two bedroom. Take 10% off 3K and rent will still be at an unaffordable $2,700! And what these nincompoops keep avoiding is EVERY YEAR everyone of these rental units will have their rent increased by up to 4% each and every year thereafter! I for one as a senior could never afford one of these hoity toity 10/10/10 units even it they were for perpetuity! What our infamous city council is really offering in low income rental units is: 10/10+4/10!
And I also see in the news the other day oh boy, the Bolshevik District Council lead by Bolshie Bassam just don’t know when to quit. Willing to throw away $100K towards a reunification study that would hopefully lead to an amalgamation plebiscite after their new October 20th District Council has been elected. With the belief of course Bolshie will be at the helm and CNV will elect maybe pro amalgamation Guy Heywood as mayor with enough pro Bolshevik elected city councillors to overturn our existing city council’s nixing of amalgamation. #NoHopeInHell
белиберда (balderdash, nonsensical)