- Joined
- Oct 13, 2021
- Messages
- 21
So, I don't know if anyone on here is building multifamily in the lower mainland, fraser valley...
Every time I do a price analysis on a property to build a M/F - the numbers don't work. This is no surprise, nothing new. But a month later, a M/F build starts on that site that I calculated bad numbers on. So I think "that guy is gonna work for wages"...
Well, if this happens enough times, it starts to make you wonder... am I doing the wrong calculations.
I would really like to chat with somebody building M/F in BC. Are you building at a loss to play against your portfolio?
It doesn't make sense to build, yet there is building everywhere. I really want to build a mix-use modern hi rise in abbotsford... but its beyond my financial reach... but not my abilities.
Every time I do a price analysis on a property to build a M/F - the numbers don't work. This is no surprise, nothing new. But a month later, a M/F build starts on that site that I calculated bad numbers on. So I think "that guy is gonna work for wages"...
Well, if this happens enough times, it starts to make you wonder... am I doing the wrong calculations.
I would really like to chat with somebody building M/F in BC. Are you building at a loss to play against your portfolio?
It doesn't make sense to build, yet there is building everywhere. I really want to build a mix-use modern hi rise in abbotsford... but its beyond my financial reach... but not my abilities.