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REAL ESTATE ETHICS: Dealing with property stigmas and dark pasts

One year ago, almost to the day, the entire nation was rocked by the discovery of 33-year-old university student Jun Lin’s torso in a suitcase behind a Montreal apartment building. Luka Magnotta, 30, now faces first-degree murder charges with allegations that Lin was actually killed and dismembered in his apartment.

That bachelor apartment sat vacant for more than six months following the international manhunt that led to Magnotta’s arrest. The building’s superintendent, Eric Schorer, confirms that it has now been rented to a man he describes as a foreigner who may not know anything about the past of his current home.

I don’t know how I feel about this. As a Realtor, current legislation requires that I disclose to potential buyers or renters any physical defects of a property that may be hidden from view. That’s not a choice or a business decision. That’s the law. But there is no law that requires that I disclose any stigmas or dark pasts and revelations about a home. So do I let the new owners know that the property was the site of a murder? A suicide? It has nothing to do with the structure of the property itself, but even my appraiser agrees that certain events will impact a property’s value, even if it doesn’t impact the physical structure.

Talkative neighbours could impact future sales, and prospective buyers who aren’t even suspicious of any negative events could pull up an old news story just by Googling the address of a property. The financial impact is real, but even foregoing that element of a Realtor’s duty, in metropolitan cities like Montreal and Toronto, the number of buyers and renters with cultural backgrounds that could make them sensitive to these stigmas has to be taken into consideration.

I started this article unsure of how I felt about this topic. There are financial realities that impact both sides, and I suppose it comes down to a case by case issue as to what needs to be disclosed – the murder last year vs. the neighbourhood kids think the place is haunted. But in reality, it comes down to a pretty simple rule that should be guiding every decision I make in business.

It is my duty as a Realtor to do right by my clients and the individuals that I work with, and that includes following the letter of the law in addition to staying true to my moral compass and disclosing what I think needs to be disclosed to the young couple renting their first condo, the young family buying their first home, the business partners buying another investment property, and everyone in between. All hands on deck and all cards on the table – people deserve to know all the details behind what will most likely be the single largest transaction of their lives, and I have an obligation as a professional and as a good person to make sure that that happens.

 

Follow Chellie on Twitter: @ChellieMejia

DENIAL: Mayor Rob Ford says he is not a crack addict

Rob Ford addressed the media Friday at 3:30 p.m. to address allegations of his crack cocaine use and the video that was viewed by Star and Gawker reporters.

In a prepared statement Ford, flanked by his brother Doug Ford, flat out denied the allegations of him using crack and also added that he is not a crack addict.

He used the press conference to express his displeasure with what he described as hardships endured by his family as a result of this scandal and thanked his supporters for “calls and e-mails” he received.

He noted that his week long silence was the result of advice from his lawyer.

The Mayor also took this time to continually thank the people of Toronto, along with Deputy Mayor Doug Holyday who he described as the best the city could ever ask for. This comes on the heels of Holyday expressing concerns over Ford’s state and expectations that he may have to fill the top slot should Ford step down.

Mayor Ford left the room promptly amidst shouts of rehab related questions from the press and his brother took to the podium, giving a stern look to the press gallery, and answered a short few questions. When reporters shouted out to correct inconsistencies and factual inaccuracies  in his answers, he stuck to the trope that the Star is after the Fords. He asked that they ask the questions and he give the answers, covering no new ground with the press before ending the press conference.

This conference comes after more than a week of silence from Mayor Ford on the matter.

It remains to be seen whether Ford can recover from this scandal. As Councillors have urged him to seek help, co-operation at City Hall may not be possible for long if Ford remains mayor.

HAPPY FRIDAY: Here is a blog dedicated to photos of sloths

As you may have guessed from our previous articles, we here at WP had a love-on for sloths. Luckily we aren’t the only ones. That Sloth Blog is a Tumblr dedicated to bringing you photos of sloths doing sloth things and being slothdorable and slothcool. They sum it up pretty well by saying: “Us, we’re sloth people.” Yup.

Yes, there is a sloth-on-branch cursor on this website.

You are currently counting down the hours until you can use some of these relaxing sloth moves on your couch.

Here are some of our favourites from the blog.

Follow Travis on Twitter: @TravMyers

 

Marathon running? Ever heard of Philippides?

The inspiration for the marathon was a man named Philippides.  According to Greek myth, Philippides ran from the battlefield at Marathon all the way to Athens to announce Greece’s victory over Persia. He ran roughly 26 miles as fast as his legs could carry him – an amazing athletic achievement.

No one seems to remember though what happened next to Philippides: he collapsed and died on the spot.

Training for a marathon is an increasingly popular activity these days. For a lot of folks the marathon represents the absolute pinnacle of fitness. “If I can run a marathon,” the thinking goes, “then I’ll really be in shape.” Chances are you’ll wind up in some shape, it just might not be good shape.

I think that the volume that training for a marathon requires is far too much for the majority of us and leads to unnecessary wear and tear on the joints. There’s a certain point at which the exercise that we do ceases to be beneficial and actually becomes harmful. Sometimes it’s difficult to recognize this point because exercise is promoted as being good for us; so logically more of it must be better. Not so. Exercising too much can raise levels of stress hormones causing our bodies to break down muscle and store fat. Just take a look at a marathoner. Most don’t look at all like pictures of health; they look like they’re wasting away to me.

Don’t get me wrong: I think that running can be great for fitness. But there’s a sweet spot where we can get most of the benefit while avoiding much of the harm. (It varies from individual to individual.) Perhaps running briskly for 20 minutes doesn’t gives us the same bragging rights that running a marathon does, but it might do us better at the end of the day.