Vancouver 2010 Olympic Village, Enough!
January 14th, 2009OK, I have to admit I am contributing to this ongoing story which even I am getting sick of quite quickly.
It seems that there are no shortage of stories about this, click here to see the one that got me going again.
Bottom line is that the decisions that were made around this project were made already, so we need to spend more time moving forward and less time talking about who did what, what a bad deal this is for the city etc. The politicians and the media seem to like to sensationalize everything, the fact is the project must be completed, the city is not going to be out a Billion dollars as they will own the project, so let stop throwing around numbers to scare people and cause an uproar, lets move forward. Yes the real estate market is taking a hit right now, but it was going to happen at some point as it always does, and it will turn around at some point as it ALWAYS does. It is just a matter of time but it will happen. The city will have to look at this as a long term investment, but that has aalways been the way to look at real estate and real estate has always been a solid investment. The fact is that timing the market would be great, but it is not easy and most real estate investors are in for the long run for this reason, things will be no different here. The fact is had the timing been different and had the market not come down yet people would be saying what a good deal the city had made (well maybe the current mayor would not be saying that at is seems to go against the norm the actually be happy with what a past administration did).
Yes there are problems with the ways things were done perhaps, but it is opportunistic to make such a production of it, just get on with it, in the long run it will not be the end of the world and all that is happening now is the current politicians want to make sure to place the blame for the current situation on past councils and set themselves up to be the savior for the future when things turn around. Fact is they have nothing to do with the market forces which are really the problem in the present moment.
The sky is not falling, the sun will shine again.
Sorry for contributing to keeping this story going, I will try and keep away form it (for now anyway).
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