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PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane
I've never been to Halifax, but from what I've heard it's a place I wouldn't hate. The cost of living is low-ish, there's lots of bars and enough restaurants, and the people are reportedly friendly. If developers are trying to pick the next city that will "take off," I'd say Halifax seems like a decent bet.

It's also next to an ocean, which seems to be an absurdly important and attractive feature to some people for reasons I don't understand.

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Seat Safety Switch
May 27, 2008

MY RELIGION IS THE SMALL BLOCK V8 AND COMMANDMENTS ONE THROUGH TEN ARE NEVER LIFT.

Pillbug
I've been to Halifax many times and love the city and would live there if there were jobs.

I was struck by the availability of sub-$300k "ocean"-front condos (hope you like looking at fog and Dartmouth, but still nicer views than what you can get for $300k here) and large, beautiful properties at the end of twisty forest roads for around the same. Bus service wasn't remarkably worse than Calgary's (and their buses are actually clean, WTF). There's still plenty of Alberta-style cynically constructed suburban liabilities for comparatively very cheap as well.

I do not think it will attract the same level of interest as Vancouver because the winters are comparatively brutal and Halifax is not likely to become known internationally within our lifetimes even if their local realtors learn Mandarin. Haligonian panhandlers also aren't aggressive enough for native-born Vancouverites.

I do not think it will attract the same level of interest as Victoria because dying white Albertan Boomers who did not originate from Newfoundland still treat the entire Maritimes as being somehow inextricable from the "culture of defeat" that Harper spoke of invented from whole cloth while pretending to be Albertan.

Seat Safety Switch fucked around with this message at 16:57 on Apr 18, 2016

snorch
Jul 27, 2009

Rime posted:

Place was funny, last owned by some German tycoon back in the 90s, bathroom had a huge phone right beside the toilet.

Because how else are you supposed to call for more tp when you run out?

Baronjutter
Dec 31, 2007

"Tiny Trains"

Germans abroad legally have to call the fatherland after every #2 to give a full report. The lack of proper inspection toilets makes this difficult for them.

The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost

Subjunctive posted:

Unrelated: my agent just asked for information so that she could file the purchase with FINTRAC. Perhaps there is hope.

You made a non-shady purchase, no reason for them not to report it.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

The Butcher posted:

You made a non-shady purchase, no reason for them not to report it.

Other than the fact than I'm white, I figured mine would be shady-looking actually. (Foreign resident, etc.)

Mantle
May 15, 2004

Are you shadow buying on behalf of someone with a non anglicized mainland Chinese name?

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

No, I guess that's what I meant by "white".

Guest2553
Aug 3, 2012


Speaking of Halifax and white privilege, every non-white person I've talked to who has been there absolutely hated it and said a lot of people there were openly racist shitheads. If not for that it might have been a decent spot to retire to, but alas :shrug:

Wistful of Dollars
Aug 25, 2009

Guest2553 posted:

Speaking of Halifax and white privilege, every non-white person I've talked to who has been there absolutely hated it and said a lot of people there were openly racist shitheads. If not for that it might have been a decent spot to retire to, but alas :shrug:

Hey now, I have non-white friends. :colbert:

Yeah, it was fine growing up there.
vvvvvvv

Wistful of Dollars fucked around with this message at 00:07 on Apr 19, 2016

Professor Shark
May 22, 2012

I grew up in Halifax

It was okay

Canadian Surf Club
Feb 15, 2008

Word.
Halifax was alright years ago but is now slowly spiraling down that track of having everything either sold off or actively mismanaged by the worst crop of politicians in years.

But once that god-awful convention center is built, then it'll be a boom town! Just you wait!

Pixelboy
Sep 13, 2005

Now, I know what you're thinking...

blah_blah posted:

I'm a data scientist with real-world experience doing things like this, and there are a lot of things that seem like major red flags here. People involved in the administration of their graduate program have literally reached out to me in the past to ask about my experience in tech and to possibly give a talk in the future. It's not really their fault if the media gave their research way more attention than it might have merited, but this isn't exactly groundbreaking work.

And now you're arguing with autists on an internet comedy forum. I'd say that somewhere along the line you made some poor decisions if it's come to this.

Arivia
Mar 17, 2011

Canadian Surf Club posted:

Halifax was alright years ago but is now slowly spiraling down that track of having everything either sold off or actively mismanaged by the worst crop of politicians in years.

But once that god-awful convention center is built, then it'll be a boom town! Just you wait!

Wait what, they need ANOTHER convention center? What the hell is that giant one at the top of the hill next to the army place thing for?

Baronjutter
Dec 31, 2007

"Tiny Trains"

Arivia posted:

Wait what, they need ANOTHER convention center? What the hell is that giant one at the top of the hill next to the army place thing for?

It's been proven time and time again to be essentially throwing money away and an extremely poor return on investment, but lovely clueless city governments loving love to the point of obsession of building convention centres and stadiums to "rejuvenate" cities or districts. Good policy that slowly makes the city better isn't sexy, huge mega projects are.

Canadian Surf Club
Feb 15, 2008

Word.

Arivia posted:

Wait what, they need ANOTHER convention center? What the hell is that giant one at the top of the hill next to the army place thing for?

it's for more business of course. Business of all kinds. Halifax will be a world leader in business. Business.

The new one takes up a city block in the center of downtown and is actually, literally overshadowing the one good street where all the best summer bar/restaurant patios are (Argyle St).

blah_blah
Apr 15, 2006

Pixelboy posted:

And now you're arguing with autists on an internet comedy forum. I'd say that somewhere along the line you made some poor decisions if it's come to this.

This job implicitly selects for people who take a perverse amount of pleasure in telling others that they are wrong.

PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane

blah_blah posted:

This job implicitly selects for people who take a perverse amount of pleasure in telling others that they are wrong.

What job is this? I will work day and night to qualify for a job where I regularly get to tell others they are wrong.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

PT6A posted:

What job is this? I will work day and night to qualify for a job where I regularly get to tell others they are wrong.

I think you'll find that it also requires you to be right on occasion.

Spazzle
Jul 5, 2003

PT6A posted:

What job is this? I will work day and night to qualify for a job where I regularly get to tell others they are wrong.

An Insultant

Dreylad
Jun 19, 2001
Friends on facebook posted a picture of them standing in front of a construction site announcing they just bought a condo that will be built in a couple of years in small central Canadian town.

That's one of those moments where there's nothing you can really say that will be honest.

T8R
Aug 9, 2005
Yes, I would like some tea!

Dreylad posted:

Friends on facebook posted a picture of them standing in front of a construction site announcing they just bought a condo that will be built in a couple of years in small central Canadian town.

That's one of those moments where there's nothing you can really say that will be honest.

Perhaps you should hire one of those insultants I've been hearing about.

Reince Penis
Nov 15, 2007

by R. Guyovich

Dreylad posted:

Friends on facebook posted a picture of them standing in front of a construction site announcing they just bought a condo that will be built in a couple of years in small central Canadian town.

That's one of those moments where there's nothing you can really say that will be honest.

This makes me smile! Good luck!

JawKnee
Mar 24, 2007





You'll take the ride to leave this town along that yellow line

Dreylad posted:

Friends on facebook posted a picture of them standing in front of a construction site announcing they just bought a condo that will be built in a couple of years in small central Canadian town.

That's one of those moments where there's nothing you can really say that will be honest.

Pixelboy
Sep 13, 2005

Now, I know what you're thinking...

blah_blah posted:

This job implicitly selects for people who take a perverse amount of pleasure in telling others that they are wrong.

:) Hard to argue with numbers.

Seat Safety Switch
May 27, 2008

MY RELIGION IS THE SMALL BLOCK V8 AND COMMANDMENTS ONE THROUGH TEN ARE NEVER LIFT.

Pillbug

Subjunctive posted:

I think you'll find that it also requires you to be right on occasion.

Someone told me that data scientists were different from statisticians, but I didn't realize just how different until now.

triplexpac
Mar 24, 2007

Suck it
Two tears in a bucket
And then another thing
I'm not the one they'll try their luck with
Hit hard like brass knuckles
See your face through the turnbuckle dude
I got no love for you

PK loving SUBBAN posted:

This makes me smile! Good luck!

Wow, way to go! Have fun!!!

yippee cahier
Mar 28, 2005

Dreylad posted:

Friends on facebook posted a picture of them standing in front of a construction site announcing they just bought a condo that will be built in a couple of years in small central Canadian town.

That's one of those moments where there's nothing you can really say that will be honest.
They don't even get to happily live in it before reflecting and deciding if it was a good idea or not. At least you hopefully have a couple years with an already built condo.

Juul-Whip
Mar 10, 2008



Mogo, on a mission to become Canadas leading digital financial brand for millennials, has combined the entrepreneurial mindset from its early days with the millennial priorities of their customers, employees, and founders to craft a unique culture, one that is reflected in the design of their stunning 14,000 square foot office downtown, their novel and award-nominated Adulting 101 marketing campaign that combines comedic wine tasting with personal finance lessons, and their passion for the fintech revolution.

We dont think of millennials as an age range, says Robin de Pelham, HR Director at Mogo. We think of it as a mindset.

The millennial mindset, explains de Pelham, is forward-thinking, highly connected, adaptable, and authentic. This is typical, she says, of the customers they serve, the employees they bring on board, and the culture they foster.

An individual that fits with their culture, de Pelham explains, is one whose values align with Mogos. In a staccato cadence, de Pelham rattles off a list of these values: Ownership, Innovation, Results-Driven, Fun, and Frugal.

Frugal? That doesnt mean being cheap, says de Pelham. That means making a spend if youre going to get the right value.

cowofwar
Jul 30, 2002

by Athanatos

THC posted:



Mogo, on a mission to become Canadas leading digital financial brand for millennials, has combined the entrepreneurial mindset from its early days with the millennial priorities of their customers, employees, and founders to craft a unique culture, one that is reflected in the design of their stunning 14,000 square foot office downtown, their novel and award-nominated Adulting 101 marketing campaign that combines comedic wine tasting with personal finance lessons, and their passion for the fintech revolution.

We dont think of millennials as an age range, says Robin de Pelham, HR Director at Mogo. We think of it as a mindset.

The millennial mindset, explains de Pelham, is forward-thinking, highly connected, adaptable, and authentic. This is typical, she says, of the customers they serve, the employees they bring on board, and the culture they foster.

An individual that fits with their culture, de Pelham explains, is one whose values align with Mogos. In a staccato cadence, de Pelham rattles off a list of these values: Ownership, Innovation, Results-Driven, Fun, and Frugal.

Frugal? That doesnt mean being cheap, says de Pelham. That means making a spend if youre going to get the right value.
Jesus, who wrote this fluff?

McGavin
Sep 18, 2012

cowofwar posted:

Jesus, who wrote this fluff?

She said it.

He wrote it.

Ccs
Feb 25, 2011


"We dont think of millennials as an age range, says Robin de Pelham, HR Director at Mogo. We think of it as a mindset."

I would like to kick this person in the shins.

Juul-Whip
Mar 10, 2008

Getting screwed by credit cards? Come be screwed by OUR credit cards, with the same or worse rates and terms!

Ever "forget" to pay your bill? Our app will remind you when it's time to pay! Or you can schedule a payment in advance! This is totally worth switching credit cards for!

Juul-Whip fucked around with this message at 00:24 on Apr 20, 2016

I would blow Dane Cook
Dec 26, 2008
I don't want to hear the M word ever again.

Wistful of Dollars
Aug 25, 2009

Boy, people are going to have egg on their face when their Vancouver investment is obliterated in an earthquake.

Femtosecond
Aug 2, 2003

Too long and crazy to post in its entirety. Holy poo poo tho.

quote:


Stampede: the inside story of Vancouvers wildest property deal, gone in 7,200 seconds

An SCMP investigation reveals the obscure transactions behind a commercial real estate frenzy, including a two-hour stampede by investors desperate to pay C$60m for a site valued at C$16m. Then, a month after taking ownership, they resold it for C$68m

It was in fall last year that Bruno and Peter Wall received an offer too good to refuse.

The prominent Vancouver property developers behind Wall Financial Corporation had spent C$16.8 million (HK$102 million) to buy two ageing walk-up apartment blocks on adjacent lots on Nelson Street in 2013. They had big plans for the downtown site: a glittering 60-storey residential skyscraper, taking advantage of the location within the citys West End Community Plan, where a building could rise 168 metres tall under new zoning. The project was dubbed Nelson on the Park and the Walls turned to favourite designer Chris Doray to come up with what they hoped would be a new Vancouver landmark.

But now a consortium of investors was proposing something even more remarkable.

They would pay the Walls C$60million for the site alone, which had just been valued at C$15.6 million by BC Assessment. The huge profit was impossible to resist, and the sale was completed in late January.

Doray, a 25-year veteran of the Vancouver development scene whose design has now been shelved, said he was astonished by the transaction, which he said set a new benchmark for commercial real estate in the city.

The price on this block of land has now thrown everybody in the industry out of whack, said Doray. The property is worth, what, C$20 million, and somebody pays C$60million? One wonders whats going on. Is this New York? Is this Hong Kong?

The scale of the purchase, orchestrated by Sun Commercial Real Estate (Suncom) - a firm that specialises in pooling wealthy investors from Vancouvers Chinese immigrant community - was exceptional enough.

...

The blocks of apartments at 1059 and 1075 Nelson St could not be more nondescript. On a recent afternoon, there was a broken ground-floor window at weary-looking 1075, a Canadian flag draped as a makeshift curtain. Next door, at 1059, a waft of marijuana smoke drifted out of an open window.

But as she considered the apartments last October 8, Suncoms self-professed vice-president, Julia Lau Chi Yuen, told her Facebook friends she was feeling excited.

Once among the most successful realtors in Vancouver, the Hong Kong immigrant had been prohibited from practising the previous January, after voluntarily surrendering her license ahead of a disciplinary hearing by the Real Estate Council of BC.

Nine months later, she was busy rounding up investors for 1075 and 1059 Nelson Street, the site still owned by the Walls, which Suncom was promoting as 1065 Nelson St. Lau was a good fit with Suncom, having fostered close connections with the citys rich Chinese immigrant buyers; in a 2013 interview, she told the SCMP they made up 80 per cent of her customers and later boasted on her website of selling more than C$560million worth of homes from 2009 to 2014.

In a Facebook post that Thursday, Lau claimed we just bought 1065 Nelson St. Suncom was offering C$60million worth of shares in the property that were poised to go on sale the next week and they would go fast.

The shares will be sold out on Monday. An October 8, 2015, Facebook posting by Suncoms self-professed vice president Julia Lau.

Whoever want [sic] to invest has to prepare the deposit with bank draft tomorrow. The shares will be sold out on Monday, she predicted.

...

Meanwhile, capital outflows from China were reaching a fever pitch, as companies and individuals scrambled to send money overseas last year in record volumes ahead of a feared yuan devaluation. The Canadian dollar was also plummeting, making Canadian property relatively more affordable to yuan earners, and average detached house prices in metro Vancouver soared more than 40 per cent last year, hitting an average of C$1.8 million.

Peer-reviewed research had previously indicated how Vancouvers property market had decoupled from the local economy, and was instead being steered by recent immigrants foreign earnings and wealth. The vast majority of those rich immigrants have been Chinese.

And so, against this heady backdrop on the morning of October 12, Suncom threw open the gates for the Nelson Street sale.

The result was nothing short of a frenzy.

The 60million dollars project at 1065 Nelson St Vancouvers shares sold out in two hours! Thank you very much for the supporting from all my clients! Lau announced on Facebook on October 14.

A Chinese-language flyer on Suncom letterhead she posted at the same time trumpeted the sale as her perfect success.

Sale of C$60 million property project completed in 7,200 seconds, it said. My perfect success - thanks to the strong support and love of shareholders. My only return - the maximum returns I can bring to you.

The Post has no evidence that Lau received remuneration for providing real estate services while unlicensed, as prohibited under the Real Estate Services Act; her Facebook posting from October 14 suggests that she claims not to have been paid. Nor does the Post suggest that Lau was selling shares in real property at the Nelson St site, as opposed to shares in a company that owned the site. Neither Lau nor her lawyer, Joe Carangi, responded to SCMP questions about her role in the Nelson Street sale and her other activities on behalf of Suncom.

Fundraising tactics used in deals involving Suncom have previously drawn the attention of the BC Securities Commission, which in January announced it was reviewing the firms activities, partly in response to an SCMP article about whether the firm was involved in crowdfunding. In BC, crowdfunding the mass online recruitment of investors is limited to C$250,000 per project and a maximum of two projects per year. Individual investors are limited to C$1,500 per project. The BCSC told the Post this month that the review of Suncom was ongoing.

In a statement issued on March 12 via lawyer James Carpick, the company said that as far as Suncom knows, Ms Lau was never involved in crowdfunding.

But the firm distanced itself from Lau, saying that she was never formally employed by Suncom, but was allowed to use the title Vice President for a few months in the summer of 2015. Suncom terminated her use of that title, although she may have placed ads that used it that could not be recalled instantly, and she may have used it for a longer time than she was permitted to do, but, if that happened, this was not something within Suncoms control or done with its approval, the statement said.

Suncom refused to discuss the identity of its investors, and whether they qualified for exemptions from prospectus-issuance, normally required in the case of securities sales.

As for Suncoms plans for the site, the firm revealed that it had no ongoing involvement in the property.

The site had already been resold - and with speed that suggested negotiations were underway even before the purchase from the Walls had closed at the end of January.

Keeping up with the changing ownership of the Nelson Street site has been no simple matter.

The changes do not show up in land titles for the two lots, because they remain to this day in the hands of Nelson Street Residences Ltd, a firm set up by the Walls in 2013 which was added to the titles in March 2014.

Instead, it is ownership of Nelson Street Residences that has changed hands, thereby avoiding property transfer taxes of C$1.78 million for Suncoms consortium. The share-transfer tactic is common among commercial real estate deals and perfectly lawful.

These transfers are depicted in directorship and mailing address changes for the company, which switched on January 30 from Wall Financial Corps office, to a multimillion-dollar penthouse in the downtown Shangri-La Estates. The new director was named as Peter She; Suncom refused to discuss his connection, if any, to the firm, and Peter She did not respond to SCMP questions delivered via a registered letter that was accepted at his address.

However realtor David Taylor, the Colliers International vice-president who acted as a consultant to the Walls on the sale, confirmed that they had sold the Nelson Street site to Suncoms consortium for C$60 million.

Joanne Liu, vice-president of Wall Financial, said she was prohibited from discussing the sale by a confidentiality clause, although she confirmed that Peter She did not represent the Walls.

In any case, Peter She did not last long in his position at Nelson Street Residences, because on February 29, directorship again changed, to a man named Gao Shan, whose address was listed as an accountancy office on West Broadway.

By keeping his name off the land titles, Gao legally avoided paying more than C$2million in property transfer taxes.

Chris Doray, who designed Vancouvers Wall Centre and was again commissioned by Bruno and Peter Wall for the ill-starred Nelson on the Park project, has watched the site change hands with a mounting sense of disbelief.

His innovative design for the site, nicknamed the pixelated tower, was shortlisted at the 2015 World Architecture Festival in Singapore. It features a lattice-like faade that seems to dissolve into the sky.

But Doray now considers the plans shelved. [They] werent so much interested in the project, but more in the land, as an investment, Doray said of the consortium that bought the site off the Walls.

The widespread industry rumour since confirmed by the SCMP that the site had already been flipped seemed to validate Dorays suspicions that the previous sale was a purely speculative purchase.

A source familiar with the initial C$60 million sale said this is Chinese money, looking for an increase in value of the land. It seems crazy to think that someone might pay more, say a year from now, but its happening all the time, the source said - apparently without realising that a subsequent sale had already taken place.

Doray said Wall Financial had attempted to persuade its buyers to press on with the skyscraper project, which he said had been quite well received by the City last summer.

It was there, pretty much ready to go, but they were not interested. They just sold it to another party, he said.

He said that in a quarter century of involvement in Vancouvers real estate scene he had seen nothing like the transactions linked to the Nelson Street lot. I cannot believe that people will pay that kind of money for a plot of land. The whole industry is astonished.

...

Why would Gao pay C$68 million for the Nelson Street properties, when this was so far in excess of the valuation? After a brief discussion in Putonghua, Wong answered on Gaos behalf, without disputing the sum.

It is an investment that Mr Gao sees will give him a good return, and thats why he made the purchase. I hate to give such a general answer but thats how business decisions are made. If its not going to make money, hes not going to invest, Wong said.

The Post managed one follow-up question, asking Gao if he intended to develop the site. Yes, this is a development site, its for development, said Wong, after a nod from Gao. Wong also allowed that his client be described as a property developer. I dont believe there is anything more, Wong said, and the meeting was adjourned.

In a subsequent email, Wong said: Historical price and government assessment values were irrelevant in setting the purchase price of the two properties. Only the projected net profit was relevant. He added that you may be amazed by checking the potential development returns on the site.

Designer Doray, who understands the potential of the site as well as anyone, isnt so sure. If the developer pays C$60 million for the piece of land, can you imagine what any condos on it would sell for, if they finally finish this project? Doray said, laughing. It will be untouchable well, for the local market. It could only be an elite group of people at this price.

UnfortunateSexFart
May 18, 2008

𒃻 𒌓𒁉𒋫 𒆷𒁀𒅅𒆷
𒆠𒂖 𒌉 𒌫 𒁮𒈠𒈾𒅗 𒂉 𒉡𒌒𒂉𒊑


El Scotch posted:

Boy, people are going to have egg on their face when their Vancouver investment is obliterated in an earthquake.

Not really, all the value is in the land. I'd welcome an insurance claim on my place as long as no one got hurt. Except maybe my chain smoking neighbour.

Fried Watermelon
Dec 29, 2008


One of my friends works at Mogo and you really have to drink the kool aid to work there. At her first interview they brought her out to dinner and drinks and really pulled out all the stops, really putting on a first good impression.

On a closer look you see none of the impressive stuff actually has anything to do with what they actually do, which is sell payday loans to people who can't get them at a reputable bank.

vyelkin
Jan 2, 2011

THC posted:



Mogo, on a mission to become Canadas leading digital financial brand for millennials, has combined the entrepreneurial mindset from its early days with the millennial priorities of their customers, employees, and founders to craft a unique culture, one that is reflected in the design of their stunning 14,000 square foot office downtown, their novel and award-nominated Adulting 101 marketing campaign that combines comedic wine tasting with personal finance lessons, and their passion for the fintech revolution.

We dont think of millennials as an age range, says Robin de Pelham, HR Director at Mogo. We think of it as a mindset.

The millennial mindset, explains de Pelham, is forward-thinking, highly connected, adaptable, and authentic. This is typical, she says, of the customers they serve, the employees they bring on board, and the culture they foster.

An individual that fits with their culture, de Pelham explains, is one whose values align with Mogos. In a staccato cadence, de Pelham rattles off a list of these values: Ownership, Innovation, Results-Driven, Fun, and Frugal.

Frugal? That doesnt mean being cheap, says de Pelham. That means making a spend if youre going to get the right value.

It's cruel of you to post this while CI is on probation, but speaking as a millenial I'm a big fan of making a spend and getting the right value, which aligns with my values of Results-Driven Frugal Fun Ownership Innovation

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Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

vyelkin posted:

It's cruel of you to post this while CI is on probation, but speaking as a millenial I'm a big fan of making a spend and getting the right value, which aligns with my values of Results-Driven Frugal Fun Ownership Innovation

You are in the minority though. People see inflated prices with some arbitrary price off and are more than happy to part with their money.

:v: : Guys I got this Armani t-shirt for 50% off, it only cost me $150... For a tee shirt.

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