this post was submitted on 06 May 2024
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With five million square feet of available space across 47 office towers, downtown Toronto is becoming a tenant’s paradise - and an investor’s potential nightmare

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[–] psvrh@lemmy.ca 22 points 6 months ago

Supply and demand, motherfuckers.

I shed not one tear for this industry. Not one. The best of them are slide-rule-wielding penny-pinchers that will extract every fraction of a cent they can from you: don't be successful, because as soon as you look like you're doing well, your rent will triple.

The worst of them are actual fucking mobsters--greasy hair, shiny clothes, obnoxious cars, silicone-enhanced mistresses, the whole lot of it--who would have you whacked if it made them money.

None of them provide value, they just skim the cream off society and drag the rest of us down. They didn't even build most of the spaces they're hocking, they just bought them from their (similarly corrupt) buddies. When we talk about "productivity" being a problem in the Canadian economy, it's jackasses like this causing it by sucking up all the financial oxygen in the room.