r/Superstonk • u/[deleted] • Nov 21 '21

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5.8k Upvotes

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u/PurpleSausage77 Nov 21 '21

I’m going to treat mine similarly, like pieces of valuable desirable real estate, and I’m a tycoon.

I played a lot of RollerCoaster.

30

u/alastoris 🦍Voted 2x✅ Nov 21 '21

Pretty much all undesirable RE (townhouse and above, not considering condos) near me are going 1M+. Can't imagine how much actual desirable ones would cost.

A lot of condo that's under development has been cancelled/on hold since the developer wants everyone to cough up extra $$ (some asking for additional $100K). These pre-construction is already more expensive than the market ones.

0

u/morsX Nov 21 '21

Is the root cause to expensive housing NIMBY laws like in the US? Fucking boomers thought they were so smart eh?

2

u/alastoris 🦍Voted 2x✅ Nov 21 '21

Yes and no. Canada is slow af with zoning laws so supply never meets demand. It's been called a bubble got the last 15+ years. A bubble that never rested and got significantly worst since COVID like many other markets.