... куда катимся? ... 1 бедрумные 600 sq.ft собираются продавать по 350К+ после олимпиады ... 
$193 million bid blows away competition
The bid for the land where the Olympic athletes' village will be built sets a record
Published: Wednesday, April 05, 2006
"Vancouver city council has accepted a local development company's $193-million bid to buy the southeast False Creek land where the Olympic athletes' village will be built.
The price is far in excess of anything the city had anticipated for the 2.6-hectare site, which the winning bidder, the Millennium Group, will develop into 800-plus market housing units that will be sold after the 2010 Olympics.
The bid sets a record for land price in Vancouver and even nationally. .."
But the price is so far beyond anything seen in Vancouver or even Canada that people were taken aback.
"It's a phenomenal amount of money," said Michael Geller, a former president of the Urban Development Institute and the current developer of Simon Fraser University's housing projects.
"These are such big numbers, I have to check them twice. Not only is that probably the highest price per square foot for a development in Vancouver, it is probably the highest price for a development site in Canada. I cannot imagine anybody paying that in Toronto."
'developers say units will have to be sold for a minimum of $500 to $600 a square foot just to break even, making the price of a 600-square-foot apartment $300,000 to $360,000'
что у пузыря стенки "закальценировались" и он не лопнет..
