I don't think anybody - me in particular- was trolling Ben Myers. I can't speak for anybody else, but I was raising reasonable questions about the finance of the project in light of their missteps already and he holds himself out as their in-house development/housing analyst. That's his job. If he's uncomfortable because he couldn't answer the questions, then he should be. And since it appears that the companies' existing projects are already running into financial problems, it seems like a worthwhile line of questioning.
This is all notwithstanding that Ben Myers himself published a paper - a 'market report' - on Winnipeg that only 3 or 4 months later proved to be entirely incorrect because it ignored all of the variables that didn't confirm his existing bias. Which is fine; he works at a company that sustains itself by developing condo investments that rarely, but occasionally, materialize. But this is not somebody trolling some altruistic and objective housing economist. I'm simply asking the questions that others who don't understand these investments beyond a glossy rendering and promises of outsized returns won't or can't.
Last edited by Simplicity; Jan 5, 2015 at 5:12 PM.
Reason: Missing words... whoops.
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