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09-12-2023, 01:14 PM
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#27826 | RS.net, where our google ads make absolutely no sense!
Join Date: Jan 2010 Location: rawr
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Sorry for derailing the thread but how much do you guys pay for insurance in Richmond?
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09-12-2023, 01:26 PM
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#27827 | in the butt
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Originally Posted by headhunt3r Recently, I've found myself really disliking private equity and investors in general. | What's the difference between a company that is, or isn't traded on the stonk exchange?
Aren't all companies "private" when they start, and then open the doors to the stonk world, so they can have 1000000 "investors" that buy their stonk for the low price of x-xxx$/share?
Unless I'm completely missing what your trying to say
__________________ Quote:
Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna. | |
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09-12-2023, 02:15 PM
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#27828 | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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Originally Posted by donk. What's the difference between a company that is, or isn't traded on the stonk exchange?
Aren't all companies "private" when they start, and then open the doors to the stonk world, so they can have 1000000 "investors" that buy their stonk for the low price of x-xxx$/share?
Unless I'm completely missing what your trying to say | Private Equity firms buy / invest into private businesses with funding for a share of profits.
So if a company needs cash to grow their business, they can go to a PE firm to get that money, but then the PE firm will get a piece of the action if they grow or if they sell/get acquired.
Because of how its setup, typically once a company gets investment from a PE firm, the PE firm tries to squeeze the company for all of its worth to maximize the returns, regardless of long term health, stability, quality of product/service, etc. all about maximizing the return of their initial investment then selling it back out.
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback |
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09-12-2023, 02:32 PM
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#27829 | Orgasm Donor & Alatar owned my ass twice!
Join Date: Aug 2007 Location: Paradise, BC
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Originally Posted by sonick Because of how its setup, typically once a company gets investment from a PE firm, the PE firm tries to squeeze the company for all of its worth to maximize the returns, regardless of long term health, stability, quality of product/service, etc. all about maximizing the return of their initial investment then selling it back out. | And that sounds exactly like the parasites that they are LOL~
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09-12-2023, 03:14 PM
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#27830 | I have named my kids VIC and VLS
Join Date: Oct 2001
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With PE as well, no one knows their holdings correct?
That’s like that company that owns all the buildings in new west etc. just a slum lord PE with who knows how many holdings. They have no obligation to report on their individual assets
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Dank memes cant melt steel beams
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09-13-2023, 12:26 AM
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#27831 | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Sep 2011 Location: Surrey
Posts: 1,526
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Originally Posted by headhunt3r Recently, I've found myself really disliking private equity and investors in general. They mostly don't provide much value to the world and are more leeches than anything. PE buying into RE is just one of many. PE in the business world is the same. They just find any industry that they can squeeze a dollar out of, and then start an M&A shit storm then leave after they've "improved efficiency" and made a buck. | While i agree to a certain extent, to this I say, try to keep an open mind. Especially locally, buyouts from PE firms can provide exit opportunities for founders and shareholders alike to retire on nest eggs, cash out, be able to live a life or do the work without having to be burdened by the administration of the Company.
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09-13-2023, 08:55 AM
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#27832 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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Originally Posted by rawr Sorry for derailing the thread but how much do you guys pay for insurance in Richmond? | $475 for a 1 bedroom+den condo
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09-13-2023, 09:04 AM
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#27833 | in the butt
Join Date: Aug 2016
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Originally Posted by 68style $475 for a 1 bedroom+den condo | Who you with dawg?
I'm paying 830$ for same size in pomo.....
__________________ Quote:
Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna. | |
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09-13-2023, 09:10 AM
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#27834 | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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Originally Posted by Phozy While i agree to a certain extent, to this I say, try to keep an open mind. Especially locally, buyouts from PE firms can provide exit opportunities for founders and shareholders alike to retire on nest eggs, cash out, be able to live a life or do the work without having to be burdened by the administration of the Company. | As with any industry there are good and bad eggs.
The company I work for the founder did just that, was able to sell it after running the business for 15 years with a lot of stress.
Benefit was that the company continues to run rather than to be completely liquidated; we all continue to have jobs and growth opportunities as the founder steps back and key people get a step up in their roles for growth.
That said, there is definitely more pressure but so far it hasn't been completely unreasonable.
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback |
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09-13-2023, 09:23 AM
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#27835 | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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Yeah I'm at like $730 I think in North van. Through BCAA
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
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09-13-2023, 10:07 AM
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#27836 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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I paid $475 last year, my renewal notice just came in at $544 though.
I use Square One.
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09-13-2023, 10:26 AM
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#27837 | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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I'm at $683 square one but pretty bare bone coverage. Only care about the $75K strata deductible.
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2005 S2000
2007 CSX Type-S [Sold]
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09-13-2023, 11:00 AM
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#27838 | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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I'm $230 a month through RBC for detached in Vancouver. Earthquake insurance included with rental insurance for guest suite.
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09-13-2023, 11:49 AM
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#27839 | I have named my kids VIC and VLS
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That’s pretty good for including earthquake
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Dank memes cant melt steel beams
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09-13-2023, 11:52 AM
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#27840 | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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$1219 a year for a detached in Cloverdale, basic policy, do not have earthquake insurance and have used a broker the last 4 or 5 years.
I used to go through BCAA but they kept raising my rates significantly every year and it was getting too pricey like $2,500 without Earthquake, have never had a claim in over 20 years of home ownership.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa |
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09-13-2023, 12:01 PM
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#27841 | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
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$216/month with Earthquake in Victoria. (Detached house)
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1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
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09-13-2023, 04:02 PM
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#27842 | I contribute to threads in the offtopic forum
Join Date: Mar 2001 Location: Vancouver
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5k in vancouver. Had to go thru intact as they were only ones offering earthquake insurance. Our old house was $2500 ._.
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USDM: Faster than thou art
D-Built 2.0 LSVTEC TURBO
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09-13-2023, 06:29 PM
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#27843 | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
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Originally Posted by unit my cleaner came onto me so thats why i had to fire her lol. she was my age and filipino. looks wise she was like 4/10.. she kept buying me gifts that i didnt want and i had to keep displaying them or i felt bad. like she noticed i had 5-6 watches on my counter so she bought me a watch holding rack thing... also she started cooking me food and came over wearing verrry casual clothes... top with low shoulders, showing her tattoos, etc... she made me pancit which had tons of liver in it... i tried to eat a few bites but i hate liver, i had to toss it all out.
one day i was hungover in bed and she came to the door to pick up the containers. she was the nanny of my friend/neighbour across the street so it wasn't out of her way to stop by at all. i was so hungover and didnt want to talk to her so i just told her i left the containers outside the door and just come grab them. she blew up my phone with texts all pissed off, saying how rude that was that i wouldnt at least greet her or let her in, etc... ghosted her after that and never got a cleaner again. | She wanted your unit buddy, you should've gave her that sweet longanisa.
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Originally Posted by MG1 In Mike we Trust | |
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09-13-2023, 06:37 PM
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#27844 | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
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Originally Posted by headhunt3r Recently, I've found myself really disliking private equity and investors in general. They mostly don't provide much value to the world and are more leeches than anything. PE buying into RE is just one of many. PE in the business world is the same. They just find any industry that they can squeeze a dollar out of, and then start an M&A shit storm then leave after they've "improved efficiency" and made a buck. | The problem with private equity is that a lot of private equity funds are directly linked to public/private pension dollars.
The problem is also that we've tied our entire idea of retirement and pension funds to the market itself. What is the fiduciary duty of a money market manager for their clients? Make money, make profits. Where are the easy profits in Canada, historically? Real estate.
A prime example is the OTPP (Ontario Teachers Pension Plan). Their plan owns tons of assets in real estate, the fund is rich, the teachers are not.
We've created this self-fulfilling circular market problem. Housing is too expensive, yet pension funds need housing to be expensive and profitable in order to produce the returns to fund their pension liabilities.
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Originally Posted by MG1 In Mike we Trust | |
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09-13-2023, 06:50 PM
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#27845 | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
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Any good reits to recommend? The commercial and office ones suck lately |
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09-13-2023, 07:53 PM
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#27846 | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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Originally Posted by mikemhg The problem with private equity is that a lot of private equity funds are directly linked to public/private pension dollars.
The problem is also that we've tied our entire idea of retirement and pension funds to the market itself. What is the fiduciary duty of a money market manager for their clients? Make money, make profits. Where are the easy profits in Canada, historically? Real estate.
A prime example is the OTPP (Ontario Teachers Pension Plan). Their plan owns tons of assets in real estate, the fund is rich, the teachers are not.
We've created this self-fulfilling circular market problem. Housing is too expensive, yet pension funds need housing to be expensive and profitable in order to produce the returns to fund their pension liabilities. | And that's where 40 years of government policy has been a huge fuck up. The government has essentially funded the country off of real estate being one big giant rodan and fields.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
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09-13-2023, 08:28 PM
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#27847 | RS controls my life!
Join Date: Nov 2012 Location: YVR
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I have earthquake insurance but I'm slowly being skeptical. If the big one hits, there's a good chance all of the insurance companies can go under. Then the material costs will go through the roof for the rebuild demand. Then there's not enough tradespersons in Canada to rebuild the greater Vancouver area so it'll take forever.
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09-13-2023, 09:53 PM
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#27848 | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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Originally Posted by noclue I have earthquake insurance but I'm slowly being skeptical. If the big one hits, there's a good chance all of the insurance companies can go under. Then the material costs will go through the roof for the rebuild demand. Then there's not enough tradespersons in Canada to rebuild the greater Vancouver area so it'll take forever. | Most of the insurance companies are national if not international, so I don't think they will go under. It's be f*cked for sure, but I'm not sure how it will play out.
From what I learned though, our next earthquake will be like a 9.0+ and our city will be wrecked.
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09-14-2023, 05:20 AM
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#27849 | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
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Originally Posted by mikemhg She wanted your unit buddy, you should've gave her that sweet longanisa. | This is exactly what happened to Arnold. Get a housekeeper. Fuck the housekeeper. |
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09-14-2023, 08:09 AM
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#27850 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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The weirdest thing for me about Arnold is that literally every single person on the planet knows what he sounds like when he's getting his rocks off
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