Vancouver Real Estate - Block Party in Waikiki
Posted July 31st, 2008 in Real Estate, Real Estate Stuff
Where Are They All Going to Stay
Serious Wax
Ms. Feinberg met up with a local Chilliwack entrepreneur Jarrett Vaughan who feels he has a solution to the problem. He built an Olympic Housing Website. His claim is that he is getting listings on his site that range from $1500.00 per night to $45,000.00 for the entire month of February 2010. By any account, this is serious gold medal wax.Block Party
The way I see it is that this could become a saving grace should our real estate market turn into a ski jump. With the Olympics a little more than 18 months away, it might be time to start organizing neighbourhood block parties in Waikiki.Got a Vancouver Real Estate question? Always happy to answer it. Call or send me an email. Larry
Chilliwack Progress Article Here
Jennifer Feinberg was quoting somebody else who was not only wrong — and she also neglected to check her facts — but the person she quoted has a vested interest in claiming there are room shortages. You’ve taken his misinformation, using her distribution of it to make it seem credible, and elaborated on it with speculation that doesn’t even make sense.
VANOC has said repeatedly and publicly that it has about 55% of the rooms, mostly in Vancouver and immediate surrounds, and 59% of full-service hotel rooms in Whistler. It went to a lot of work to assemble all those rooms, including contracts with their owners. And it has a _lot_ of people who will be arriving to fill them — thousands of international media, corporate sponsors, people from international sports organizations, VIPs by the truckload.
it also is building a whole department that deals with scheduling the rooms, inspecting them, furbishing them, rechecking them, treating them as though they were one huge hotel. Why would they go to all that trouble and expense to ’scalp’ them? To make a quick buck?
And then do what with the (relatively speaking) teensy amount of money generated, exactly? Put it in their pockets?
First, they publish their financials quarterly, their books are thoroughly inspected by the BC and federal governments, and they are regularly audited. They have also said from the beginning that any surplus generated by Games operation goes to national sports.
Peter:
Thanks for the viewpoint. I’m sure this will enlighten others who visit.
As you have taken it upon yourself to correct the error of my ways and I thank your for that, I have to ask if a letter was sent to the Chilliwack Progress as the publisher and Ms. Feinberg as the writer, outlining their indiscretion for not checking the facts.
Your enlightenment has cast doubts on my ability to trust. Can I ever believe the press again? But then I note after checking your credentials and publishing history that you are the press.
I’m left with a conundrum - who is zoomin who?
Thanks for stopping by - you are always welcome.