I don't really understand the guys post to be honest. He would have known it was that small before he purchased it so he blaming himself?
 
Isotack said:
Nope...millennial with finance background blaming the agent, because he told him that interest rates would remain stable.
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imagine having a finance background and listening to your realtor saying interest rates would remain stable? this guy needs to accept he took a risk at a time when people believed there was no risk in real estate.
 
UrbanOzz said:
imagine having a finance background and listening to your realtor saying interest rates would remain stable? this guy needs to accept he took a risk at a time when people believed there was no risk in real estate.
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People get caught up in hype - and the idea of making a quick buck...

I think the broader point here is that selling 80% of Tower 2 is not a guarantee right now - especially if the units are similar sized and priced at nearly $2000/sqft. The average for resale condos is somewhere around $1100-1200/sqft right now (depending on the building/area).
 
The guy's post includes this gem: It isn’t like other buildings because Frank Gehry is a world-renowned architect and has an impeccable reputation for building lasting buildings.

Impeccable reputation for building lasting buildings? Frank Gehry buildings are famous for leaking. Way back in 2007 he was defending his damaged reputation after MIT sued because his building leaked like a sieve. https://www.theguardian.com/world/2...Gehry's firm,mould sprouted on exterior brick.
 
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Milaisacat said:
The guy's post includes this gem: It isn’t like other buildings because Frank Gehry is a world-renowned architect and has an impeccable reputation for building lasting buildings.

Impeccable reputation for building lasting buildings? Frank Gehry buildings are famous for leaking. Way back in 2007 he was defending his damaged reputation after MIT sued because his building leaked like a sieve. https://www.theguardian.com/world/2007/nov/06/architecture.internationaleducationnews#:~:text=The university paid Gehry's firm,mould sprouted on exterior brick.
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When a party sues for construction defects, they'll often sue everyone involved in the project, include the architect. The reason is that it's often unclear where the blame lies at the outset of the process. It's not enough to say that because an architect was sued for a particular project, their work is flawed. That's just how the litigation process works.

Moreover, this skyscraper project is a lot simpler than Gehry's institutional work like the Strata Centre at MIT. The tower designs are somewhat unconventional but not in ways that would necessarily make the buildings more prone to leaking.
 
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