04-30-2021, 08:48 PM
(04-29-2021, 11:03 PM)panamaniac Wrote:(04-29-2021, 07:25 PM)Serendipity Wrote: Is it just me, or are condos getting smaller in size with each new development?!These are incredibly small but I'm also surprised that there seem to be no larger units contemplated. Even if young techies are the target market, surely there are a few folks out there that can afford more space.
I see this narrative a lot, that demand for buildings like this one are coming from young tech employees. But working in the tech industry, I haven't really seen any evidence of this. I actually don't think I've had a single co-worker (in KW) that lived in a high-rise. Let alone a tiny ~500sqft one.
(04-30-2021, 01:20 PM)ac3r Wrote: Investors are often what result in tiny units. But it's also investors that allow buildings like these to get rapidly proposed, approved and constructed. They pour money in once the sales open up which lets the developer move ahead with things a lot faster.
And is that a good thing? I get that this forum is excited to see tall buildings popping up at a rapid pace, but I think the nature of the demand is important. Would it not be more desirable to have a less transient, owner-occupied community? If the demand is only there from investors, is it not just speculation?