Page 2 of 8
However, looking at it without all the spin, what my take on what Mr. Davies is in fact saying is.
That his house needs renovating as it is so old, but he cant afford to do it.
That he could of course tear it down, build a huge house in partnership with a builder and sell it for a fortune. However he would rather do something beneficial to help with affordable housing. I dont suppose this decision has anything to do with the fact that no one in this financial climate would, unless of course they had lots of money and could afford to wait, want to build a high-end spec house. The inventory of these type of houses is already way over what the current market can stand and if you take Pat Kellys remarks that Park City wish they had not built so many high-end homes, this market is unlikely to improve in the near future. I am sure it will with time and once the present inventory has decreased.
Instead he would like to divide his lot in to two building lots, one as a market lot, which will give him enough money to build a very nice house.
The second lot would be an affordable lot lots meant to help make it more affordable to local residents who cannot afford market prices and thereby keep them here at least that was what I thought.
The problem I find is, the affordable lot is to have no re-sale price restriction on it. So where is the advantage for local residents looking to buy affordable housing? With no re-sale price restriction once sold it will never be affordable again for local residents.
The only advantage, as I see it, is for Mr. Davies, who gets a brand new house with the money to build it through selling what is effectively a market lot.
I think it is a wonderful Idea for all of us who already own homes to make even more money, but it does not in any way make Whistler more affordable for those who want to live and work and be able to purchase a home.
The Flute Mountain expansion by Intrawest has saddened nature lovers. One of the most spectacular ridge walks on the planet has been defaced and bisected by a boundary fence.
It is disturbing to watch Intrawest act as they are and not value the amazing natural wonder they had with the Musical Bumps area. Not to mention how they ignore what part Flute plays in the lives of locals and international visitors. Access to Garibaldi Park and the natural experience from Whistler is becoming more and more difficult do to the great distances that must be traveled now.