Weep not for condo investors, they are risk-takers

Re Condo market puts investors in bind, Dec. 10

Let’s not shed any tears for the folks who invested in an unbuilt condo and who now stand to lose money when the condo is completed. They are speculators. They speculated that the market price would go up and it did not. Speculation by definition means risk. Also these are the very people who have inflated the price of condos because they compete with people who are actually looking for a place to live. Condos have been hugely overbuilt for years in Toronto in part to satisfy the demands of speculators.

Larry Rose, Toronto