Saturday, January 20, 2018

Liar, Liar, Pants on Fire - Opinions of Value

Opinions of Value
One of the things about becoming a broker is the basic appraisal course which arguably allows one to value properties from different perspective. A friend and client of mine who worked for a financial investment organization had a wide network of clients in the Whiteshell chain of lakes, he himself owning a cottage on Lee River and being involved in all kinds of recreational activities. How he became a client of mine and how we struck up a friendship is a story for another time.
In this case however, we were dealing with a tax situation involving capital gains on cottages after 1972. What was needed was a valuation to be declared for the purpose of recording such capital gains after that date. It was called valuation day or V-day. As a real estate broker, I was allowed to give my valuations on cottages or secondary homes (but not other properties requiring a licensed appraiser) at a pittance of the cost of a licensed appraiser.
My financial friend did a good job of setting me up with a number of appointments so I got busy designing forms to use in the exercise. This was going to be some adventure. Of course, these appointments had to be on the weekend while people were at their cottages. It would cut into my regular real estate business, but it was regular money and it was a chance to explore the chain of lakes traveled by the Ojibway of the long distant past.
So, bright one Saturday morning I set off past the Sagkeeng First Nation, turning east up Hwy. 317 at Libau and heading into lake country. Each of the lakes was rather small and somewhat enclosed by bush and trees, surrounded by cottages and trailers. It was an idyllic setting. I went to work with my brand new forms and it turned out well. Within half an hour I was out of there and on my way to two lakes further down. It was such a beautiful sunny day that I almost missed my turn off into the next lake which was larger and more treed. It was obviously a more popular lake.
I pulled up to the address I was given and couldn’t believe my eyes. Here on the front porch was old George Mathers sitting in a chair beside an aluminum ladder, a paint tray and roller on the table beside him, having a cup of coffee. George was a painting contractor I had known for years when I was in the glass business. I hadn’t seen him for a long time, yet I recognized him immediately. He hadn’t hardly changed at all except maybe a little more grey hair. By now he must be in his mid nineties, yet here he was, painting the eaves around the cottage.
“Just what in the world do you think you’re doing?” I blurted out.
George just smiled. “You’ve got to keep things up you know. The kids are inside waiting for you.” Well he was never much of a conversationalist. I went inside to see his daughter and son-in-law who were well into their seventies and seniors in their own right.
Once I got done at the Mathers’ place I headed straight for Falcon Lake to my next appointment. There was no problem finding the place. It was a giant edifice on the lake front begging an invitation. The owner’s name was Johnston.  There was a great big “Dorwin” sign on the property, so I knew immediately who it belonged to. The old man was long dead, so this must be the son. The place had all the attributes of somebody who knew how to make a buck.
Don Johnson was waiting for me at the door and on my introduction got right down to business.  He told me this was serious business and asked if I was a straight shooter. I had expected this and replied that all my life I had never knowingly lied to anybody . . . . until I met his father.
“WHAT?” he exploded, although there was a smile on his face.
“He was the king of all liars and he could do it so well, it took me a while to catch on.”
“How did you know him?” Don wanted to know.
So I explained to him how we were working at competing glass companies and we used to check our glass quantities with one another to make sure we didn’t really make a mistake. If we found that to be true, we’d simply withdraw from the bidding (which was allowed) leaving the other bidders in place to take the contract. Once I caught on to that it became a contest of who was the bigger liar.
The grin on Don’s face broadened considerably. “Yup, that was dad alright”, he confessed. Well after that we got on like a house on fire and the visit became longer than intended.

It was strange that my visits crossed paths with so many people out of my past, but it was a good time with lovely scenery and a good income. What more could you want?

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