More thoughts on jobs and working

Boner_18

New Member
Since
Oct 5, 2010
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4,852
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

Bringing Sexy Back
Since
Jan 26, 2010
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46,119
So a Chinese guy just bought the building here, sight unseen, cash, as is.

:mudcat:
 

Archie

SP Nation and I Ruin things
Since
Jan 27, 2010
Messages
21,780
So a Chinese guy just bought the building here, sight unseen, cash, as is.

:mudcat:


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
 

Blitty

rake922
Since
Jan 27, 2010
Messages
22,244
Wtf

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

:confused2:
 

Matty

Bringing Sexy Back
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Jan 26, 2010
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46,119
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

SP Nation and I Ruin things
Since
Jan 27, 2010
Messages
21,780
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

Bringing Sexy Back
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Jan 26, 2010
Messages
46,119
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

angry and drunk
Since
Jan 27, 2010
Messages
5,215
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

Bringing Sexy Back
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Jan 26, 2010
Messages
46,119
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.
 
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roguejuror

south china sea
Since
Jan 24, 2010
Messages
58,184
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

New Member
Since
Jan 28, 2010
Messages
24,875
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
 

Matty

Bringing Sexy Back
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Jan 26, 2010
Messages
46,119
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.