Olympic Villagem Cheat

On May 15th, 2010, the former Olympic Village went on the Condo sales block. A huge party was set up to sell condos before the July 1 HST deadline. Before the 2010 Olympic games, the various levels of government promised 30 percent of the units as social housing. By May 15, 201, the promise was broken as zero percent is now allocated for social housing for the poor, the working poor and the handicapped. All levels of government have lied and they planned this at the outset. The sale-auction is designed to recoup the losses that total 7.5 billion as the games made only 500 million. During the Olympic Village sell out protest, it wa learned that some of the units went to the Vancouver Police for a job well done during the Olympics. Meanwhile, social housing that exists is being cut back. Vancouver seems primed for its own version of the sub-prime bust in the greed to satiate the bankers lust for interest on fas mortgages. It was also learned that the village is of sub standard construction, built outside of building codes and regulation. Vancouver has its large share of leaky condos due to deregulation. These ones are suggested to be good for 10 years before they fall apart.