asiancolossus
Active Member
I believe alternative viewpoints should be allowed on this--or any--board; it's not like we live in China where some gov't agency spies on the board making certain posters stick to PC posts? It's not as if this board is an extension of the condo guide--advertorials for developers--so why not allow some opposing views? Makes it more exciting to read. It's kinda like reading a newspaper--dullsville if only one voice (eg in usa pro bush/iraq war) is heard. Yes Vultur is kinda hard on these Bazis folks--but he does have a point: would you pay $3000psft to live at yonge and bloor? would you buy a luxury item from an unknown brand name?
Although supply vs demand could explain the abrupt increase in 1 Bloor's condo prices, I believe Bazis' strategy shouldn't be accepted at face value. Not all of us fall for marketing stunts....
I totally agree urban about contrarian views and a healthy amount of skepticism. However, vultur took it to a different level, where he personally attacked anyone who wouldn't share his view that Bazis was a scam. As of now, from what I understand, units are probably 850 per square foot. Probably at the mid point of the luxury condo market as of now, with Ritz Carlton and Four Seasons running around 1200 to 1500 per square foot. There is an obvious issue with them being unknown. Everyone has to start somewhere, in any entrepreneurial venture with a new entity, there has to be investors who believed in them when nobody else would. I always say if you don't believe in the developer because they need to prove their worth, well then don't invest in them. 5 years from now, they could have developed a landmark project and proved themselves. Then again they might fail. If they succeed, those who took the chance will be rewarded big time.