More thoughts on jobs and working

[Blitty]

Maybe photoshop the picture, so it doesn’t look so cold there..

 

[Boner_18]

Not even really commercial.. seems you might even benefit by going down the industrial zoned parcels (though you wouldn't want to live there).

 

[Matty]

So a Chinese guy just bought the building here, sight unseen, cash, as is.

 

[Archie]

So a Chinese guy just bought the building here, sight unseen, cash, as is.

gonna use your building as a virus mutation artificial super spreading staging area, or a VMASSSA

as those of us in the know, refer to it

 

[Matty]

I knew it. Bastid Orientals



Make Canada Great Again

 

[roguejuror]

that mothefucker

 

[tullamore]

The Owen sound flu is coming.

 

[Blitty]

Wtf

boner and I had cash in hand ready to invest in that glorious frozen tundra

 

[Matty]

Chinese guy will probably sell at a loss once the pandemic is over. He overpaid, and this shit town's real estate bubble isn't going to last (IMOwally)

 

[Archie]

is he a chinese american or chinese canadian?

or a legit businessman from China making purchases in the US.

In the US, Chinese investors are going crazy buying up properties at an alarming rate, taking advantage of the transient hipster, millenials and what looks to be Gen z's attitudes to property ownership

 

[Matty]

He's likely one of those nouveau riche Chinese who have started fleeing China a couple decades ago, yeah. Same thing is happening up here. My old neighbors in Toronto were also stashing cash in multiple properties. The rumor is that these people are afraid the CPC will come after their riches and freeze their liquid assets.

There were 4 groups of people who came to see the building yesterday, and 3 of them were Southeast Asian.

 

[tullamore]

I know in the us if you invested so much money you used to be able to get so many visas. Not sure if this still exist or if Canada has a similar program. But possible motivation for overpaying for real estate

 

[Matty]

Yes tully, same thing here. Quebec in particular has (or had) a program that let you and your whole family in for a 5-year $800k investment. Once the 5yr period is over most people take the cash and dump it (back) in real estate.

 

[roguejuror]

Yes tully, same thing here. Quebec in particular has (or had) a program that let you and your whole family in for a 5-year $800k investment. Once the 5yr period is over most people take the cash and dump it (back) in real estate.

and the "investment" is the llc buying the real estate as it's sole activity?

 

[Tron]

I know in the us if you invested so much money you used to be able to get so many visas. Not sure if this still exist or if Canada has a similar program. But possible motivation for overpaying for real estate

In the US it’s called Treaty Investor I believe

 

[kato]

canada is larger than china

 

[roguejuror]

canada is larger than china

I have heard about this yes

 

[Matty]

and the "investment" is the llc buying the real estate as it's sole activity?

No, you actually have to loan the money to the QC government for 5 years. What I meant is that most people sell their house in China or wherever to get that money together. Some even take on loans. Once the 5 years are up most people are gonna put that money back into real estate. Some journalists here are saying that that's what's been inflating housing prices in large Canadian cities.