My arms didn't fit in the shirt
Hello Hi
Great performance. Thank you. Thank you. Yeah, thank you. I took I took one semester in grade eight of drums. I'm pretty good
Yeah, I Actually really liked it used to practice at home all the time
But my teacher kept me on just the snare drum and I wanted to start doing full set because I was by a long shot
The best drummer that we had in that class. So I was like, let me you know
Let me spread my wings a little bit. Let me give it her. Let me give her and she just would not let me do it
No matter what I was I was completely mastering all the tasks that she had us do with the snare drum
And I was like I literally am bored Please let me do full side. Just nope never let me do it. And I was just like I hate the teacher
I'm not taking this again Bailed out. I liked it a lot, but just got them
Didn't do it Okay
Let's just do it. Is that a microfiber shirt? You got some dirty glasses. Whoops. Uh, oh
Rub your face on the shirt. It'll be great. Nice. Okay. Here we go
Do you think she just didn't snare?
This is slang I'm not familiar with. Care snare. Oh
You that's a breach I
Know it wasn't me it wasn't me there's karate swan
Where are the mod mats
Um in shipping I think speaking of where are the mod mats the the tall shirts sold out. Yeah
We'll get more. Okay, I'm resuming the select a good job, everybody
Look at the drums teacher from whiplash honestly Oh
What's up everyone and welcome to the wancho we've got a fantastic show lined up for you guys today
Yeah, I forget what our headline topic was so I guess Luke's gonna take it
This is wild a
US appeals court has sided with music publishing giants
Saying that isp's should refuse service to users who are suspected of piracy
Someone's gonna get their parents pretty mad in other news your vacuum is watching you and
Blasting out racial epithets. Oh, oh, yeah. No, it's a whole thing. I didn't know that far
Yeah, no, it's it's it's not good. Oh boy. No manufacturer thinks it's okay, but no one else does
Speaking of things that are bad in some ways. Are we moving?
We moving we could talk about the feasibility of that. Yeah, also you can talk to your dog now
Yeah, you can talk you can talk to your dog. You're not your dog with AI
You
The show is brought to you today by acronis Squarespace
MSI and of course our chair partner secret lab our laptop partner LG and our wrap partner
D brand who wrapped our table and wrapped my phone and wrapped
Yeah, yeah, they just wrap things
They don't like they don't like melodious singing. They've never wrapped to you. They just wrap. Wow
Nice does rap not have melodies. Nice. I mean, yeah, I can oh, that's not the point the point
Is that Luke thought this was the headline topic which I find actually really interesting because it's interesting to me
We've we've kind of we've kind of you want to you want to should I pull back the curtain and let them know
Why I thought this would be a good headline topic What's the point of even having curtains anyway, right? Do they even match the carpet like just
Not right now Um, I mean same
Wow, this was quick, um
And goodbye rails Oh
Anyways, no, it just seemed clicky
Okay, it's also like an actual discussion. Yeah. Well, that was it. That was your curtain pulling back. Yeah
Cheese it seemed clicky remind me not to camp outside of your apartment with binoculars because I'm not going to see anything
Okay, apparently I'd see some stuff
Yeah
So what I told Luke we could do on the show what I said we could do was we could go through the
exercise of why it's really difficult for us to move because
It's been a pain point for us for
Basically the last probably three years since we got the lab
We've known that we were growing out of this space that we're in right now, which is the old everything, you know studio office
So we we expanded on the one side. We expanded on the other side. We hit a wall there
There's a neighbor that's not selling. So that's it that this is where we are here
And then we expanded to another unit elsewhere in our complex for a creator warehouse
Who handles all the merch? um, and then finally we we were like, okay, well
This is it. We either Need to kind of separate our operations and have different departments and different buildings kind of like we did with creator warehouse
Or we need to consolidate into one gigantic building and the gigantic building was
going to be really really expensive not just because it's expensive to buy a building but because
The building you're going to get is going to cost an absolute fortune to build out the way that we do
And there just aren't actually really that many buildings at that size is what I said back then
Oh, is the market has softened a lot here in vancouver. I mean, there's
Remember i'm talking industrial. I'm talking commercial. It's right still
Well, well, let's have a look. Okay. Let's go through the exercise that I go through every time
I'm looking at commercial real estate and I'll talk about some of the things that can be
Uh, really sort of appealing and some of the things that can be really challenging and why it's so hard to find something
That's the right fit For some context for viewers to write like we have if you if you think about the production team for videos
That is pretty fragmented right now Literally, none of the teams that might work together are actually close to each other
Even if it's writing in Labs You're at opposite ends of the building and there's a big set of stairs and many sets of doors in between
And it's very likely if you're going through those doors. You're disturbing somebody in some department
So it's like not really that small of a walk if you're either Labs or writing and you're talking to editing
Well, I mean that's now a 10 minute walk or a two minute drive
Um, how do we solve this? Well, the lego pieces don't really click together very well
Um, there isn't a lot of office space in the Labs building
There isn't enough space in general in the in the studio buildings. Yeah parking is a nightmare at either one of them
it's just like Okay, anyways
now in fairness to us It did look like the best solution for expansion at the time because building out something the way that sort of
I expect us to do it for our team is really really expensive and that adds a lot to the cost of
Sort of abandoning what we've got here and then consolidating somewhere else for example in the lower mainland
So in in our area it is Way abnormal basically unheard of unless you are
Like a food distribution company to have hVAC in your warehouse
So the fact that we have heat yes, because you know, you can't it can't be so cold that devices stop working properly or whatever
But having air conditioning in in a warehouse space pretty much unheard of in this area
Yeah, whereas all of our warehouse spaces are heated and cooled so that you know, because we're not really using them in a
warehouse capacity and we don't really have like just
Warehouse, I mean, I don't know. I say that we don't just have warehouse people working in them
But that honestly, I don't think that's a good excuse either. I think warehouses should probably be climate controlled
Sometimes like uh, like if you're a forklift driver, you might have like a fan mounted on the forklift
Sure, but like that like that doesn't make you blows
Nice, um, basically what I'm trying to say is I don't really care who you are or how much money you make
You're you're worth air conditioning when it's cooked when we have things called heat domes
And you're in a big metal box It'd be nice to be able to cool now in fairness to a lot of the the building owners and business owners in the Vancouver area
It hasn't really been a problem until probably about the last five or six years
Like we used to have like one hot week a freaking summer and so whatever
We're going to install tens sometimes hundreds of thousands of dollars worth of air conditioning for like that one week
No, probably not, but um We've made the plunge which means that any building we move into we have to you know
Put stuff like that into it which adds a lot to the buildout cost
So, uh, let's take a look and let's let's talk about you know, some of some of the challenges that we run into so
Colliers is one of the sites that you know, probably makes sense to use if you're looking for commercial real estate
Sure, let's have a look. Oh, oh, there's the
Look at this. See this is what i'm talking about luke when I would have pulled up this map
Let's say let's say two years ago. That would have been nothing there would have been flipping
This is such a terrible interface. Can you guys like be slightly
Yeah, I have always thought like, you know, if we could if we could go back and instead of making Floatplane
We should just made like realty software. I know right they pay so much for it and it's so bad
It's kind of crazy freaking wild. Okay. So this is kind of the area that we'd be looking at
So here's where the office is now Um, and most of the team is living in you know, kind of these are the urban centers
You can tell from the the white instead of the green green is like for grass and trees and whatnot
So you're gonna have people living in kind of maple ridge kind of Langley
Uh, not too many people down in south Surrey just because that's like the bougie area of the not the actual city city over here
That's like the the bougie burb Oh wait, you mean like, uh, potentially like employees or would you? Yeah, yeah
So there's a bunch of people in south Surrey. It's just really expensive. Yeah I'm talking about like where people who commute to this office here are generally going to be coming from
Little bit of Coquitlam little bit of Burnaby a little bit of like further west
But the more we were to move an office Kind of this way into Burnaby marine drive or like Richmond or something like that the more expensive housing is going to get
Um, so we have found that yeah that too. Uh, so we found that this is a this is a pretty good middle ground
If we could be more like here that might be more better, but
Okay, let's uh, so let's you're very nicely close to the highway just to give some people some context there
Yeah, the the this is canada's only road. Yeah, this is the trans canada highway
That's that's the road everyone memes about when they're talking about canada. Yeah, so being close to that is generally efficient for most people
Okay, so let's let's have a look. Uh, this is this is what's in this area. This is hilarious. The first one that comes up is of course
The court ordered sale for the uh, yeah The aspirational mall in Surrey, so wait new linds is for sale. Yeah new linds golf and country club is for sale
What dude? Okay. What if?
What if we what if we could bring like telemetry
Golfing data and like what if we made a high tech golf course? Okay, luke and had an office there get this
the combined The combined estimated value of creator warehouse
The studio and the lab is probably in the neighborhood of around 25 to 30 million dollars
Okay, okay Get this how much do you think new linds golf and country club is worth?
It is 111 acres 100 with 90,000 square feet of building to put this for some context
We're in about 40,000 square feet combined. What do you think new linds golf and country club is worth?
That's like pretty nice building and there's like kitchen on site. I'm assuming that has a cost. I'm assuming they're not just ripping that out
I Know I'm not gonna look at chat. Yeah, don't look at chat. Don't look at chat. They're gonna help you cheat
My first hunch is like 350 350 what mill 350 mill really try 40 40 what?
So, what do you think we move LMG? Let's buy new linds to new linds golf and country club wait. How is it actually is there something going on with it?
Dude, I have no idea because how is it multiple times bigger than ours the facilities are like really nice
Oh, man, what how is it so cheap? I have no idea
So so there's there's like look like I said there's some stuff going on in the vancouver area right now
How do you get 112 acres some of the big money? I think is moving is it zoning is moving out?
Okay, so we'll talk about that Some of the big money though is moving out of vancouver real estate because of some of the recent changes that the trudeau administration has made to
the way that Taxes on capital gains work
So there has been like an emergency fire sale of some very high value assets
And there's only so many buyers for up 40 million so for context that's about 30 million us dollars
A little less like 29 or something like that golf-pond cooled computer
right How fun would that be gaming pc in your golf cart? We could overclock one of the oh, no you don't do that with golf never much
Okay, I was thinking baseball like when it shoots the
So yeah, so part of this is that it does seem like there is there's a bit of
There's a bit of bubble bursting going on. Yeah, I think that part of it is a demographic shift
so you've got a Because realistically i'm probably one of the only people in my cohort that is like
Running a small to medium, you know like like a business of this size
Yeah, you know most of the businesses in our area are run by boomers
And what's happening with boomers? They're retiring
Right, so when you retire you either are looking to sell your your your business
And retain the asset and keep collecting rent from it as like your pension
Or you're looking to sell the building take a big bucket of cash
Spend it on you know some other crap give it give some of it to your kids
Spend some of it on like a lakefront property over on the island, you know, whatever you want
You want the big bucket of cash and then you keep running the business for your pocket money instead of hookers and blow
It's like cruise ships and painkillers
Sorry
That's good Or you're selling both pieces and you're just like screw it
This is so much of a nest egg that i'm a sit on this nest egg forever
Yeah, yeah, yeah So I think there's some of that happening as well
And then the other big one that you already touched on is zoning. So this right here. Why am I on that?
This is this is zoned essentially for operating as
A golf course. Yeah, so I didn't think but because I was I was trying to think of the acreage because the
That amount of acreage here if you turn that into five-story walk-ups
Infinite money Oh for sure and to be clear there is some development potential you can see there's about six acres of
Non-agricultural land reserve. So that means you basically can't do jack with it
Like you could buy you could buy a 50 acre farm for less than like a one acre residential lot in some cases
Okay, no not quite but but the point is that this agricultural land reserve land is worth
functionally nothing compared to
You know something that you could actually build residential or build industrial or commercial on
There's a whole lot of other red flags here landmark status
Oh, no, what does that mean? You don't want anything with status
You don't want heritage status fair enough landmark status. I've heard of heritage status. I don't know
I don't know what landmark status is. I don't care. I don't want to know that sounds terrible
Basically, it means there's red tape that you're gonna have to jump through if you want to do anything other than
Sit in the office there and run a golf course. Okay, what'd you find? What'd you find?
Historic place. I haven't gotten anything specific yet, but the first google brings you to historic place
Which i'm assuming is essentially the same thing as heritage status. Yeah, you you don't want you don't want any of that
You don't want any part of that. Okay, so we're not buying a golf course because you know, well, it's stupid basically
What what else we got? What else we got here? Okay, so yeah, we're not we're not buying the the city block in Surrey
That's been rotting since the 90s. We talked about that last week. You're gonna find a lot of stuff that's for lease
And the thing is leasing. Yeah, it's an option
If you can afford to buy though
The fact that we have owned this has saved us
Literally literally i've liked that approach. I've supported that approach the whole time literally millions of dollars
Because your landlord in in the time since we bought the first three units
We paid a million dollars for three units
One of those units is now worth about
1.1 or something like 1.2 It's essentially quadrupled in value
Which means that if we had leased it our rent would have quadrupled
Putting money in the pocket of our landlord when instead we were able to invest that money in our own equity that we can now
use to cross shop something else so If you can afford to buy
I'd like to buy even though with that said the market is
You know Not going too great right now, but sorry once I low mac in flocking chats
Yeah, we pay half a million dollars a year for our business property in portcels for our lease of our business property in portcels
That's a lot of money That's a lot of freaking money half a mil and the thing about commercial leases is they are way worse than residential leases
Like and I know residential rent agreements and lease agreements can be brutal
They can be so burdensome for the renter
Especially if you live in an area where you don't have ample protections, but commercial
Whole other level they're what are called triple net
Which essentially means that you pay for
Your rent and they get to advertise that lease rate, which is going to be per square foot
You know probably somewhere in the neighborhood of like 11 to 18 dollars a square foot depending on sort of what you're looking at
So let's say 10 to 20 dollars a square foot. Then you have something called additional rent
What's your additional rent go ahead and ask me What what yeah, what what is that is that like power and water? No
You pay no you pay your own utilities I haven't genuinely no idea me either
It's whatever it is I just pass through to you
Whatever property tax I pay Whatever building maintenance I might incur now I as the landlord have to pay it up front
So if the building needs a new roof I pay for the roof
But then what I do is I pass the I pass the expense along to you and you pay me back
Yearly in installments for that roof for my building. Oh my god. That's how commercial works, baby
So, um, yeah, yeah commercial commercial leases absolutely brutal apparently additional rent
Can go up by any percentage. Yeah, so additional rent is used to circumvent the maximum percentage increases for rent
Uh, because if they can't increase the base rent, they just increase the additional rent by any percentage they want
So it could be this is obviously not real, but it could be like 300 because they're like, uh, we need to make up for whatever
Yeah Yeah, commercial uh commercial leases. I also i'm just like googling this stuff. I don't know if this is 100 true or not
Don't take this as fact It's surely time says never sign a triple net lease
You will not find a lease in the vancouver area that isn't triple net and that's that's even now even now that things are a bit more
of a buyer's market I think our vacancy last time I looked at the the report for it was
Uh, under one percent Real vacancy because some of the vacancy is not even real. It's like it's fake because it's vacant now, but it's just pending
Uh, yeah, it's absolutely brutal
So you pay the base rent property taxes building insurance and utilities as well as other operating and maintenance costs the landlord assumes
No cost other than structural repairs and structural
That means that doesn't mean roof that means like foundation the foundation essentially unless the building collapses into the sea
They are not responsible for anything and that whole and you're paying the insurance by the way to cover if that happens
The whole other operating cost thing is where you're getting killed because
They can define anything that way. Yeah other operating costs could be
I don't know the landlord decides to pay himself
$40,000 of an hour. I don't know who knows. Yeah, or they hire trades that are like their buddies
To do any of the work. Yeah pass that along to you. Yeah, that's not their problem
Yeah Yeah, so it's a whole it's a whole thing. It it leaves itself
Obviously glaringly open to abuse. Um, but that's the system we have cool. All right. What else we got? Okay. We've got residential development
So not a golf course, not a city golf, not a golf course Willowbrook park is for sale brother. What is that?
It's it like willowbrook like like the shop wait what like the shopping center not willowbrook mall
The one like right across from it willowbrook park Willowbrook park is for sale
The whole thing 200,000 square feet of retail
What I know right 90 million
Dude and the number of court ordered sales that I've seen recently
Freaking wild Mayfair industrial is going on
Okay, so this is money. Yeah
So interest rates have been high for a while a long time
And it takes a while because your mortgage is going to be on two year three year five year five year renewal term, right?
So if you were on a fixed Mm-hmm So in um in many cases these properties are owned by people who are using them as a land bank essentially
They're just parking their money in an asset that unlike cash isn't going to just inflation wrought itself into oblivion
Um, theoretically, you know land um
Gold crypto I'm not endorsing any of these particular assets, but typically assets
Are as long as they aren't hyper volatile ones can are a safer storage of wealth than just cash because there's nobody
actively trying to deflate the the value of it
um So what's happening is all of a sudden
If you if you don't own the property outright
Like if you if you are if you're just hoping that, you know, your rent is going to cover your mortgage
While the asset appreciates That calculus just like from any residential owners
Is changing the second that you renew your mortgage and you're not getting essentially free debt anymore
So this land bank might be appreciating although in the case of vancouver as I mentioned the market's softening
So maybe isn't appreciating. It's either either not appreciating so much or it's it's just stagnating
And now it's costing you way more than you thought it was so you're sitting here going. Okay. Well, there's no upside to this
Let's sell willowbrook park
Which should be clear something that's an outdoor mall. Yeah, that's what across the street. Yeah. Yeah, um
So it's not some people were like LTT mall. It's like, yeah, I don't think it would be as interesting
Yeah, yeah, not so much. Um, this one's kind of interesting. You'll you'll find a
A lot of the good land has been kind of developed
Off and so what's left as development opportunities is going to be a lot of these like super weird shaped sites
Yeah, this is a good shape site
Four acres though of it are encumbered by bc hydro easement. So you got to watch out for
You got to watch out for easements Because that pretty much means two-thirds of this bc hydro, which is our our power monopoly
Needs to be able to Drive on and access essentially. Yep
Um, so that one. Yeah, probably not super appealing. Okay. What else what else we got here?
Okay development Office units and this is this is not going to be that relevant to us. Um, yeah, yeah residential
Residential you could put in property type and stuff. You could use the filter. Yeah. Yeah. Yeah. Yeah. Sure. Use the filters tech man
Sure, I'll use the filters. I'll use the filters. All right. Now. Let's get uh, you know what? Let's uh
Let's look at let's look at office too. Why don't we look at industrial and office LTT towers Linus tech towers
Oh paved and fenced yard area. Oh, I can lease a yard. Oh, yeah, you're welcome. I'll just pay your mortgage for you
Uh, what else we got? Oh, man, this is far. This is really far also small
too small brand new industrial facility in pork pork equitlam
This is too small. This is only about the size of the lab So if the lab was big enough, then we could do that
So even now you can see with all of these options available to us
there's really Not that much that would actually be suitable for us to move into unless you just yeah make your own town
Dude, we don't want to be on nss island
Dan's given the No, thank you. You don't want to be there. No, thank you. Hey, it's really far b. It's like the traffic
Burn your nostrils out for the rest of your life and it's like the kind of the old industrial like crappy island
It's like uh, uh, what's a sulfur pass any you guys play anno? Anyone play anno?
Okay, so they put all the stuff that contributes to
Less beautification of your island, you know, you move it all until I'll smelting. Yeah steel island
That's anisys island essentially the rug of vancouver. You just push everything under there. Yeah
um Okay, we can actually we can actually change our listings to just things that are for sale to kind of narrow things down a little bit
Basically, there's there's not actually that much and part of the problem is that center, dude
There's a big there's a big industrial park further down
Like down here in campbell heights
That's pretty far from any population centers because like I said most people are not living in south surrey
So people are mostly living here and they're living here and they're living here
Um, so the farther down south we go the more challenging it gets so campbell heights is down here
There was one that seemed kind of interesting, but it keeps as you're scrolling around it keeps oh, I'm sorry the quad
Uh, no that one's in campbell heights. No, it was scrolled down. It's not that mall again. Is it? No, we're not buying that mall
No, no, no it was scrolled down Okay, cord ordered sale right here. I don't know where you were looking at the time. I'm so sorry luke
I'm not sure. Maybe you'll see it. Uh, there is uh, there is kind of an interesting one in uh, in port calz
So that's up in this area. So it's uh, it's kind of a sister building to the smash champs badminton center building
This is too far Right next to smash champs would be sick
I would love it, but the problem with port calz is that it is best lunch breaks crazy expensive
Oh crazy Crazy expensive way out in delta. Yeah, why do I even why don't I even have delta on the map?
Okay, let's get let's get delta out of here. We don't need to see anything in delta
um Yeah, I think that's about it. I mean there's there's anything else you want to look at
You want to ask like why not that one because I'll be happy to oh, is it this one?
Uh, 192 business center. It wasn't but let's look at it. Sure. Yeah, we can look at 192 business center
So this one is very similar to smash champs
Pretty nice brand new building Right pretty sick. Okay. Let's have a look. Oh, look at that up to 50 000 square feet 32 foot clear ceilings lots of power
200 amps. Whoo. We'll get that uh high efficiency led lighting. It's uh brand new buildings, man
Really nice. There's some very nice to haves, but
There's a big problem with brand new buildings. You notice something here
They talk a lot about when it's going to be complete and how many
Dock and grade loading bays you've got and how close it is to highway one. Okay
How close it is to the airport? Ah, okay, so here's our problem
How many parking stalls do we have?
Yeah, this is very common with new buildings They just don't put enough parking at all because you sell the building based on the square footage
That's the calculation that everybody is doing. Yeah
But the parking stalls don't count towards square footage
So developers and you know what part of this is honestly probably a good thing because less parking less cars if people were
Riding their bikes or taking transit more that would be awesome. I can tell you right now
Uh, not a whole lot of that is happening here
Yeah, um, it just it just it just isn't
So so part of it is is good aspirationally if we were using more public transit
But the reality now is that that would accommodate
Maybe a quarter of our company right now
And my understanding don't quote me on this my understanding is that beady the developer of this property
Worked out a deal with the city where they didn't have to account for any street parking in their development
So they were able to effectively like build right to the road
Like right to the the travel areas of the road So while in the building we're in now
Also has inadequate parking probably about the same ratio like a new building would have because they want to maximize the square footage
They can sell Ours at least has street parking. It's not ideal. Nobody likes walking
Tredging to the building through the snow or whatever in the winter fine
But we have doable. Yeah. Yeah, at least there is somewhere to put your car
This you'd be you'd be parking probably in the neighborhood of like five to six blocks away
Which if it's anything like smash champs, which I actually did have to pace out because we were trying to figure out
What parking would look like for a land event for example So at land events if we can get the city on board at smash, which by the way
Oh, we can talk about that. We submitted our package to them this week
We gave the city our package. Did you know we did was it well received? I think so. Nice. I think so. I think they were
You asked them they admired it. Was it good for you?
So so we gave them the package We could talk about that a little bit more later actually at pretty excited to talk about uh whale land, but
If it's anything like smash, it's it's brutal basically
It's fine if you're coming in once a quarter for an event Yeah, but if you're commuting every day and you're like hiking from your car
You're gonna need like an electric scooter in your car just to do the last leg of your commute
Which is a little ridiculous. So that's the problem There's a video upgrading every one of my employees cars with like a electric scooter storage
Sorry keep going the older buildings will have more parking. They'll have more yard space
But they will lack a lot of nice to haves that
Are going to need to be upgraded that are going to cost money the newer buildings are built with the new meta
Which means you get a lot of more up-to-date nice stuff good power
Good led lighting they're way more efficient in terms of keeping in heat and keeping out cold that sort of thing
Which is money, but they have no
parking What else we got here?
We don't have to do this much longer if you guys are bored underground parking. Okay, so I find this stuff
Rucker asks what about underground parking over in Floatplane chat. It's very little of it here. Um, you know why?
no, well Is it like the water table or something what I would
Okay, so a I suspect there is something to do with that But I don't know anything about the actual engineering of it
What I can tell you is that the way that property values have skyrocketed here in such a short period of time
Has changed the calculus for underground parking in a big way
So it would have been not that long ago that underground parking didn't make any sense here. It's really expensive
It's it's it's the last quote I got was about a hundred thousand Canadian dollars per stall
And that is going to be somewhat dependent on what kind of a building you're building and like whether you would have had to
Like dig a big hole anyway versus if you're digging it just for the express purpose of putting cars in it
um But pretty much
until land values Went to the mooned here
It made way more sense to do the suburbia thing and just sprawl your parking lots
So what I suspect is we'll see a lot more of them in the future
But they don't really exist here at least not now because it didn't make any sense
It was it the land was not worth so much that it was worth digging into it in order to part of it
The only thing you would see it for was apartment buildings generally. Yeah
I don't necessarily know why but that was the thing. Yeah, shraft 2k says you can always add nice to ads
You can't add more parking stalls. You can Yeah already rafts as a rooftop parking. Yes. Yes. That is technically possible
But you're going to have to re-engineer the entire bloody structure to hold all the cars on the roof
So that's going to be that's going to be requiring some budget. Yeah some budget just you know
Have a have a program where Uh a certain percentage of the employee base gets gets free ubers to work
I actually kind of like this one. It's really close to home. I've seen this before
But part of the problem is that while it does have a hundred thousand square feet of building on it
Uh, I don't think train Oh, yeah. Yeah. Yeah. Yeah. That's the rail. I mean, okay. Look
Okay, let me get to that. Let me get to that. It has a hundred thousand square feet of building on it
But those are the buildings Uh, we ain't using those buildings. No, this is what we call in the biz a tear down
So that would help, you know with mitigating train noise is you could you know, double insulate your walls or whatever else
Like you could you could actually solve it. It won't solve it, but it would it would do a lot
um But the cost of this because you're essentially buying
$100,000 worth of buildings that um, you are going to then
wrecked uh Makes this just not make any sense. I don't even think they have a price quoted on this one
I might have asked at some point, but I can't remember But yeah, this one's uh
Yeah, interesting, but unfortunately, you know, what's also cool about this one is it's over the 196 street border
Which means that we'd be eligible for more film and production services tax credits
I suspect whoever's selling it is hoping that whoever buys it wants the buildings to just store
Stuff from the trains in so they don't they don't need to be nice
Yeah Unfortunately, that's not me
So Get wrecked to me. Yeah. Yeah, someone asked this
Um, and I I can think of some reasons why this might be rough, but there is there are examples of this around the area
but empty land Yeah, there's not much and a lot of what is a lot of what's empty land is a lr
So you'll you'll see it you'll look at it and you'll be like, oh, yeah
Look how many buildings we could put here. What what if we made?
I Mean there's clarkson's farm
It's doing very well. What about a server farm? What if we had line? Oh, what if we had Linus's farm?
Ding the thing. Uh, you have to ding your own thing
What if we did Linus's farm? What's like, what's the minimum we would need to farm?
It could be fine. You can do things like chickens and it's like whatever six pigs or something
It's less that how much minimum we would need to farm and it's more how much maximum other things could we do there
We couldn't have a production studio on a farm because
That would devalue the the production studio zoned land that somebody else bought before
also pretty much all of our farmland in the lower mainland is uh floodplain and
I don't know about you, but i'm not super into buying things that are going to be underwater soon
Or could be underwater soon and we have had some very significant floods here
Our our only road was wiped out for a substantial amount of time. Yeah because of
Basically a lake that we were we unlaked and then it decided to relake itself
It's fun when things relake themselves. Yeah Breweries on alr with their own hops have issues with the alr. Yeah. Yeah. I mean I could see that
No of a not small amount of people in bc
That are aggressively skirting alr rules and I think if someone from the alr
Just took a little drive around a lot of places in bc
And cared at all a lot of people would lose their their setups
Um, so it makes me care less when it feels like more than half of it is being abused
Um, and it makes me want to do it ourselves. I get such a kick out of the gigantic
Mansions the omega mansions on farmland with no farming going on ever like this is oh, we got him going
We got him going here boys. Here we go. Here we go at least my my biggest thing is like you should at least
f***ing attempt You should at least try
Put something there. Why is it just open grass field? You don't have horses. There's no
F***ing horses. There's nothing else. You're doing nothing. How do they get away with this?
I know the whole flip. I've heard the stories I know the flip of you you bring an outside company to plant some junk and then you have them also come pick it
And you make zero dollars off of it But the whole thing is so that you can have your stupid
Probably disgusting looking terribly designed building on this plot of land in the middle of nowhere
That you'd live in and do nothing else and probably don't see anyone because you're xenophobic for some reason. Anyways, um
I hate Anyways, um, wow, but it's all just it's all a joke
I've also heard that a huge percentage of that crop just gets thrown away
Because it's not just growing whatever. They're not growing based on what we need. They're growing based on
And it's not being properly treated It's just being planted and then pulled out of the ground at the end of the season
Right. Yeah, that makes sense. So like it's a lot of it's junk. Like it's just it's this clear obvious
Insane charade and there's parts of bc that you can literally drive around for a very long time
Where you're just going mansion with no farm Mansion with no farm mansion with no farm mansion with no farm for like ever
It's it just it really makes you not surprised when you drive around farmland in bc
Figuring out that there's more corruption in bc than like practically anywhere because you're like
I wonder where do all the people live that that have all this corruption and then you drive around what should be farmland
And you're like, oh, it's uh, oops all mansions like okay. Anyways
Yeah All right
Yeah Good chat. I'll relax. So anyway, uh, we still have our ear to the ground
And I suspect I'm talking as much to our staff as I am to our viewers at this point
We still have our ear to the ground, but it's it's a challenge. Um
Taren sent me one actually the other day that looked pretty cool
Um, it's a little far from my house
Which I'm not a huge fan of Um
move More videos more videos. It would be far from a lot of people. You have to set up your new house
Uh, I really don't want to move Um
Here let's see if I can oh wait not this one. No, this was me Pre content. This was me sending him the stupid uh, the stupid mall. Let me see if I can find it. Oh, yeah, here we go
Um Oh wait five north phraser away
Honestly, it looks pretty cool One of the big problems is like the really good solutions are going to be so far out
Um, and then they they become bad solutions for other reasons. Oh, yeah, that's right
Locating the whole company. Okay. Hold on. You asked about empty land. Yeah, that's a big problem for empty land
Um, is that it's all really far out. I know I've seen some locally, but it's probably like residential or something
Smash champs Was a completed building
When we got it Think about how long it took us just to do the tenant improvement. Oh, yeah, if we're building a building
It's like two to three years before we will actually move into it. Just you spin up a new channel minus building tips
lbt um I Clarkson's farm it. I can't find this for some reason. What if you don't even hire a contracting company?
What if you are the contracting company? What if you sorry, what if you don't I got a concrete mixer? We could do that in a weekend
Let's do it. Let's do it. We've got a laser level in logistics. It'll be fine. We can figure it out. Yeah, we'll figure it out
All the walls are just made of conduit minus that he likes conduit
We'll just make it out of conduit. You never have any problems running any cables. No might be a little loud
No, you put insulation like in between the conduit in the
Oh My god, we're figuring it out. This is why you're cto
All right, I am I am sending myself. I'm sending myself the pdf. Here we go
Uh What if you make a crypto coin called apples and then you mine apples?
Oh, that's not bad a lr farming. I like it
Nice is nice Okay, here we go. All right. Here's the brochure
Yeah, whoa
Yeah, yeah Wow, I mean it looks
Really nice a hundred six thousand square feet looks like parking all the way around the building. Is that correct?
Look at them park installs Are we are we backing a golf course?
Wow, you just take your lunch. You go play some golf You don't need to buy newlands when you're right next to one
What's that thing to the left of the building? What's what's I don't know. It looks like a park to me, but I