Post by
carbide on Jul 11, 2021 3:13am
Reality
Reading the social media accounts of municipal and provincial politicians opposing the Glen Abbey development, one quickly finds that the majority of people commenting do not support blocking redevelopment, do not care about the golf course at all, which they have never visited or enjoyed, and question the sincerity and motives of the politicians in claiming they are preserving the city's natural heritage for the benefit of their constituents. Very few care about the 50-year-old golf course, including the designer. Among golfers, it's a bit like "Ulysses" by James Joyce. It's the greatest ever, but who has played it? The golfers there are few, some care about it, but they are a small minority. If the course weren't there, they would drive half an hour to any of a dozen other courses nearby. The fact is, it's the local homeowners--not residents, HOMEOWNERS--mostly rich boomers who bought for $10-50k many decades ago, and control 70-80% of all investment wealth in the country, who want to stop this development, which will cool surging property values in the local area, decreasing their continued outsized profits, and making housing a little less unaffordable for young people, the less affluent, and newcomers. The political consensus is pro-immigration and pro-refugees, and anti-development, except for high-density in certain controlled areas. In other words, they want to bring as many people as possible from other countries, to live at a lower standard of living, and make the property they own even more valuable. The developers may get less land to develop, but can sell at higher prices. Not unlike OPEC maintaining production quotas, and producing 10% less, so they can sell their oil for 100% more. The politicians, naturally, are deep in the pockets of the politicians. This is not a conspiracy. They openly admit it, that they fund both sides, every party, and every candidate at every level of government. Hmm...sounds a bit like a CARTEL.
Comment by
carbide on Jul 11, 2021 8:06pm
*Politicians are deep in the pocket of the developers, rather. Have a good week end folks. Good luck to the poor TWC shareholders.