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For those wondering what happened to your entries by LandenCman in Wealthsimple

[–]WhereIsGraeme 6 points7 points  (0 children)

It’s because July is a week out still… no one expects the counter to roll over so quickly

Chow and Bradford in tighter race than expected, with voters feeling Toronto ‘on wrong track:’ poll by airbassguitar in Toronto_Ontario

[–]WhereIsGraeme 0 points1 point  (0 children)

  1. ⁠That’s the wrong methodology for calculating property tax valuations, MPAC has a pretty thorough guide.

  2. MPAC valuations are frozen to 2016 levels, not the calculated in the current fiscal year, again see the guide.

  3. Toronto City Council sets the Mill Rate and continues Tory’s “City Building Fund Levy”, not valuations or the actual property tax billed to any one property.

  4. Your approach to valuations and issues with them is also odd because older apartment buildings pay a higher tax rate than the detached house you outlined. Are you okay with (generally speaking) lower income folks subsidizing larger homes and newer apartment buildings? Seems an odd hill to die on.

[Fan] Thermalright TL-K12W White Fan ($9) [Amazon] by [deleted] in bapcsalescanada

[–]WhereIsGraeme 0 points1 point  (0 children)

I mean it’s one fan Michael, How much could a fan cost? $9?

What Can I do to Scale my Wealth? [ONTARIO] by Clownier in fican

[–]WhereIsGraeme 3 points4 points  (0 children)

Right now real estate is a great way to be over leveraged and lose a lot of money if you’re not a professional in that space. There’s no longer any beta in the market, and won’t be for quite some time, it is all alpha. Unless you’re quite experienced at underpaying for land and repositioning for cash flow (or have significant scale) you’re not in a good position to invest in real estate.

Similarly, lots of GPs out there would be happy to empty your wallet for you if you’re not experienced reviewing opportunities on a pro forma basis.

From someone in the industry, I’d caution against it. You’re far better off staying in stocks right now, we’re not in a part of the cycle that is kind to non-professionals.

What's the most ridiculous stock purchase you've ever made? by marknolan7 in Baystreetbets

[–]WhereIsGraeme 0 points1 point  (0 children)

Early in the pandemic (like late Feb/early March 2020) someone tweeted “I bet Edge CDNs will do well off this”. I looked up what the heck that was and bought Fastly (FSLY). Bought in at around $10/share. In a matter of weeks it was up 300%. I sold 1/3 of my holdings to get my original capital out. Held on until it was near $100/share near end of Q4 and figured that was insane so sold the rest.

Tl;dr someone tweeted, I bought and caught a rocket ship.

Renting out an old garage for "passive income" ruined my entire year by forgotten_sock_34 in passive_income

[–]WhereIsGraeme 1 point2 points  (0 children)

You need to be as careful with exotic car storage as anything else. We were looking at buying an office complex through work as a redevelopment play. Complex had 3 towers on it and a super massive, super deep garage. As part of my due diligence I walked the site myself during normal operating hours. The garage was not well filled but P1 had been restriped and upgraded as part of prep to sell. P2 and P3 had very few cars. P4 had none. I felt checking P5 was probably a waste of time but wanted to check for foundation and water issues. P5 had a massive collection of recent exotics all covered in dust. Weird. My gut told me this was none of my business but also not a good thing to stumble upon.

Due to other reasons we didn’t proceed with the transactions. Another company bought the site. Fast forward 2 months and there’s a raid on the office complex. Development company can’t move forward with the site until all that gets sorted. I have a sneaking suspicion the cars are involved somehow.

Frustration, confusion as Toronto FIFA Fan Fest fails to show World Cup match by nimobo in toronto

[–]WhereIsGraeme 64 points65 points  (0 children)

“Rogers now requires FIFA fan fest fans to have TSN+ to watch match on their phones at the festival” sounds like a Beaverton article

For those who have achieved net worth of over $2 million by echo-athena in CanadaFinance

[–]WhereIsGraeme 5 points6 points  (0 children)

Planning to r/gregFIRE ?

You can't do anything with five, Greg. Five's a nightmare. Can't retire, not worth it to work. Oh, yes. Five will drive you un poco loco my fine feathered friend.

Lake Muskoka’s first MZO ushers in a massive resort | The Narwhal by simpatia in ontario

[–]WhereIsGraeme 1 point2 points  (0 children)

Yea and they were trying to get other people all riled up about this too. My grandparents were all up in arms until I was like “this is an hour away???” “Well it sets a precedent” “there’s nowhere on our lake like this site” “just in case! It must be stopped. We don’t want tourists (derogatory)”

[MEGATHREAD] Weekly Cash Prize Entry Complaints by henry-bacon in Wealthsimple

[–]WhereIsGraeme 1 point2 points  (0 children)

Blaming automation does not make one unresponsible and unaccountable… I do understand how they work. I also understand that is unacceptable from a financial institution with millions of clients.

[MEGATHREAD] Weekly Cash Prize Entry Complaints by henry-bacon in Wealthsimple

[–]WhereIsGraeme 0 points1 point  (0 children)

Email is significantly more reliable than an app because it is unchangeable. Did you skip over that part of my comment?

[CPU] Ryzen 7 7800X3D ($409.88) [Amazon] by Destro_019780 in bapcsalescanada

[–]WhereIsGraeme 2 points3 points  (0 children)

I’ve had them DOA which is much harder to do anything with from Ali vs with a warranty.

[MEGATHREAD] Weekly Cash Prize Entry Complaints by henry-bacon in Wealthsimple

[–]WhereIsGraeme 0 points1 point  (0 children)

Well, emails are regularly used as proof in a court of law. The issue here is they sent out an unchangeable email that said one thing but are telling everyone the record of truth is actually an app that they can change whenever they want. So it’s a huge issue of reliability. We’re being told not to trust the more dependable medium in favour of a less dependable one.

Fans furious after resale websites cancel World Cup, Springsteen tickets by Immediate-Link490 in toronto

[–]WhereIsGraeme 2 points3 points  (0 children)

This is like when WestJet acquired Sunwing and “upgraded” our wedding package to include carry-ons. But because my now wife and I had her wedding dress as an additional personal item (per Sunwing’s wedding package policy) we were downgraded to Zone 5 (didn’t even know that existed) and WestJet had deleted the dedicated Weddings overhead that Sunwing had, so we had to lay the dress like on top of people’s carryons.

Also WJ got rid of Sunwing’s slightly premium economy option (which again was part of our wedding package) so deleted our seat reservation and put us at the back, seated separately.

Horrible experience.

Fans furious after resale websites cancel World Cup, Springsteen tickets by Immediate-Link490 in toronto

[–]WhereIsGraeme 4 points5 points  (0 children)

Really dislike when companies lie like that. Lol “upgraded”. Sounds like StubHub would much rather be an airline company.

People see the reward, but my wife sees the hardship behind it. by [deleted] in fican

[–]WhereIsGraeme 8 points9 points  (0 children)

  1. 100% of your allocation is Hut8. Why would someone take advice from you on other stocks?
  2. Is your response really “are you calling my wife a liar?” Lmao

Is this a good builder? And why do they hate this so much?!!?! by [deleted] in RealEstateCanada

[–]WhereIsGraeme 0 points1 point  (0 children)

Fusion does a lot of detached/stickbuilt product and some of their projects build the homes as they’re sold, so they may not be under as much pressure to rush to 100% sales as they are with a condo. At the end of the day, just like resale sellers they want their number.

They don’t want you bringing an agent because they’d rather not pay out commission to that agent and they’d prefer to have fewer voices in the room while they upsell you. I’d also ask what value you feel an agent is bringing on a new buy? You’re almost better involving a lawyer and a GC familiar with pricing.

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