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Originally Posted by whatnext
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At first I found the blog interesting, but as I followed it over the past couple of weeks, I started to see that it is purely anecdotal and the blogger does virtually no research or analysis of what is actually occurring in each case aside from interviewing an anonymous neighbour here or there. It's easy to assert that these are all owned by off-shore investors who are simply speculating and leaving the properties empty to the detriment of the neighbourhood and housing market, but where are the facts to back this up?
For example, the
latest post is a property at 2050 SW Marine Drive. A 2 minute google search indicates that this property is under an estate sale of someone who passed away. A deal previously collapsed which is why it has taken some time to sell and while you could argue that it is overpriced and should be lowered to sell faster, it likely cannot be easily rented out in the interim given how unique and large the property is. There is actually a ton of info on this estate, but alas, no research was done.
Another one,
587 W King Edward, will be imminently seeking a development permit - again a simple google search would find this and the rezoning that was approved this year. There are a variety of reasons why developers prefer not to rent out houses for less than one year before demolition; and that is likely the case here. (actually I think this house is being preserved on site and may require deconstruction or moving as opposed to demolition).
Overall, I think this site is of value because it has triggered an interesting discussion about our City, but as far as I can tell it is simply a blogger riding around taking pictures of houses that look empty and making guesses about their status. While the majority may in fact be empty, it would be nice to see some real research to back it up; as it stands, it is just a nice site full of pictures. As with so many housing issues in our City, we are forced to rely on anecdotal information, much of which is simply full of errors or fabricated to fit a hypothesis.