General Urban Kitchener Updates and Rumours

[ookpik]

• Maybe his trusty contractor is busy with other projects?

In a booming market some developers will compromise their standards and engage whoever they can find. Usually the result is subpar quality.

• maybe they exhausted their network of investors with other ongoing projects and cannot presently secure the cash to finance the project?

A booming market attracts greedy developers and greedy investors who are ill-equipped to weather the storm of a downturn. Sometimes their projects go bust leaving partly completed buildings in their wake and home buyers who've lost both their deposits and their future homes.

• maybe he just doesn't understand LRT and has the wrong growth projections?]\
• maybe they go for short term gains at the expense of the long term health of their business model

Especially greedy developers and greedy investors who want in on "a sure thing."

the Waterloo Inn

Another huge tract of RE that will eventually get redeveloped. (In the meantime it would make a great car dealership mall just like the one next to it [ducks] )

I'm all for redevelopment and intensification. But I'd rather it be done gradually in a rational way rather than hurriedly in a bubble.