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  • BlameThePeacock@lemmy.caEnglish
    10·
    1 year ago

    “at least 46 condos with this status have been listed” seems to be “Flooding the market”

    That’s stretching the definition quite hard…

    46 units is literally a drop in the 160,000+ unit bucket that is the Victoria real estate market. That’s 0.03% of the total units. A third of a tenth of a percent.

    This is exactly what I said would happen, people said “there’s so many it’s distorting the market” and I said that there’s not actually that many units and it won’t do a damn thing.

    • corsicanguppy@lemmy.ca
      1·
      1 year ago

      Are you sure there’s 160k units for sale right now, or are you comparing “units for sale” vs “units that could be for sale total”? And is apples-to-oranges comparison intentional?

      literally

      Oh. Gotcha.

      • BlameThePeacock@lemmy.caEnglish
        1·
        1 year ago

        I’m comparing the number of units for sale against the total size of the market.

        It’s a reasonable comparison.

        You can’t flood a pool with 1 liter of water.