Comments on: A tribute to urban duress

By: Crabman

Crabman — Tue, 31 Mar 2009 22:22:03 +0000

“Pass it on”?! More like: “Pass on it”!

By: coal harbor

coal harbor — Tue, 24 Mar 2009 02:44:44 +0000

Ahhh…sweet karma. I was evicted from the Homer apartments to make way for the supposed Beasley. Amacon and the city of Vancouver planning department are deservedly cursed for their vicious treatment of the former residents of that now empty and rotting heritage building.

By: CJ

CJ — Thu, 19 Mar 2009 23:12:00 +0000

It’s too funny that this place is actually called The Beasley. Just what does it take to dicredit the city planning department? If this plus the Olypic Village plus the whole catastrophe doesn’t do it, what would?

“Passing the savings on to you …” ROFLMAO.

By: jojo

jojo — Thu, 19 Mar 2009 19:34:29 +0000

We need a viral video of “I buy 3″ in the lines of “All your base are belong to us”. It should capture the sinking condo market nicely!

By: dingus

dingus — Thu, 19 Mar 2009 17:10:15 +0000

DG: in theory, maybe, but directors liability to third parties suffering financial loss as a result of their company’s failed business venture is a long shot. There duty of loyalty is to the company, not to the company’s creditors or clients. If the directors have behaved reasonably in the best interests of the company, and the company goes tits up, that’s pretty much the end of it. And in the case of purchasers, there’s such a looong line of creditors in priority, that any fraudulent preferences higher up the chain wouldn’t change the outcome for them anyway. And in this environment — what are the damages, again?

By: DG

DG — Thu, 19 Mar 2009 01:47:08 +0000

@Dingus: Bankruptcy isn’t a get out of jail free card for the Directors. It’s perfectly possible to sue the Directors of a bankrupt company personally, particularly if they did things such as gave preferential treatment to certain creditors when they knew the business was no longer a going concern. In turn, however, the Directors themselves can declare personal bankruptcy, which is where the trail really does run cold.

By: Tony Danza

Tony Danza — Thu, 19 Mar 2009 00:30:11 +0000

“I buy three”

BOOM BOOM BOOM!!!

By: julia

julia — Wed, 18 Mar 2009 23:43:56 +0000

NOBODY gives THAT much money back unless they HAVE to… the rumour on the street is that the contracts are “no longer legally binding” for a number of reasons (re: disclosure statement) therefore the developer is desperate to retain the existing purchasers – and now HAS to give that money back to sweeten the deal for them to stick around.

By: VHB

VHB — Wed, 18 Mar 2009 20:45:10 +0000

“I buy three”

But what about your spouse, Jesse? Doesn’t he/she want three as well?

By: Paul

Paul — Wed, 18 Mar 2009 19:29:20 +0000

It’s $611/sf down from $815/sf avg at launch.

Comparable re-sale in the area ranges from low $500s to mid $600s.