Comments on: Growth of Student Housing Pays Dividends For UBC http://ubcinsiders.ca/2015/02/growth-of-student-housing-pays-dividends-for-ubc/ Separating the wheat from the chaff. Wed, 13 Nov 2019 15:50:57 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: F. Hydrant http://ubcinsiders.ca/2015/02/growth-of-student-housing-pays-dividends-for-ubc/comment-page-1/#comment-14417 F. Hydrant Sat, 14 Feb 2015 13:44:02 +0000 http://ubcinsiders.ca/?p=10005#comment-14417 (biggest problem relating to building housing) (biggest problem relating to building housing)

]]> By: F. Hydrant http://ubcinsiders.ca/2015/02/growth-of-student-housing-pays-dividends-for-ubc/comment-page-1/#comment-14416 F. Hydrant Sat, 14 Feb 2015 13:42:21 +0000 http://ubcinsiders.ca/?p=10005#comment-14416 Back when the Earth was cooling (2007-2008), probably the biggest problem UBC had was that the province put extremely strict limits on how much it could borrow. I.e., they needed to borrow about 4x what they were allowed, to do what they had planned. I suspect that the choice here wasn't market rates vs profit, it was expensive housing vs no new housing. With an implicit assumption that the endowment is sacred and must grow at inflation plus some percentage. To me, it looks like an attempt to do an end run around a provincial debt cap. Back when the Earth was cooling (2007-2008), probably the biggest problem UBC had was that the province put extremely strict limits on how much it could borrow. I.e., they needed to borrow about 4x what they were allowed, to do what they had planned. I suspect that the choice here wasn’t market rates vs profit, it was expensive housing vs no new housing. With an implicit assumption that the endowment is sacred and must grow at inflation plus some percentage.

To me, it looks like an attempt to do an end run around a provincial debt cap.

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