GlobalBC TV clip [19 Nov 2010] on prospective taxpayer losses from the Olympic Village [archived at youtube by GreenhornRET]. Final statement -
“Short of real estate prices rising substantially, it’s probably going to be a tough road ahead.. for the City, and for taxpayers.”
This doesn’t just apply to the Olympic Village, but to our entire RE market, and to our economy. We’ve become completely dependent on an ongoing RE boom. -vreaa
