Listen in podcast app and follow below for the podcast topic arc.
Introduction - Dan Belostotsky
Where does Honestdoor fit in the Real Estate sector?
Process of using Honestdoor
Realtor.ca Court Case
Real Estate startups
Hypothetical Buying Agent : Selling Agent scenrio
Listen on Apple, Spotify, or Google Podcasts.
Market Update📈📉
2023 was a year of relief.
Kurt Vonnegut once correctly pondered: "The truth is, we know so little about life, we don’t really know what the good news is and what the bad news is." While 2022 was humbling and bewildering at times for many of my portfolio companies, in hindsight it was one of those moments we needed to just stay calm. Given hopefully multiple decades of life ahead of us, it matters a lot less how 2022 or 2023 went; what matters much more is what lies ahead.
Morgan Housel's recent book "Same as Ever" had this sentence that really left a mark on my mind: "To know where we are going, we should know where we have been. And when you know where we have been, you realize we have no idea of where we are going."
After the pandemic and the massive stimulus in 2020, Russia-Ukraine war, supply chain crisis, and soaring inflation of 2021-22, and then the apparent taming of inflation in 2023, it seems like a good bet that we will keep getting surprised in 2024 (and beyond). Some of them will be positive surprises, and some negatives.
What is going to be most interesting to me and the Canadian Market will be how we tackle our real estate “problem”.
This weeks podcast features Dan Belostotsky, founder and CEO of Honestdoor.
Dan was the perfect guest to round out the year that featured a volatile market in stocks and real estate.
If you’re interested in learning more about Dan and his business, check our their platform here.
links from the pod:
"Pending home sales in October dropped to the lowest level since the National Association of Realtors began tracking them in 2001. - CNBC
Zillow Acquires Trulia - Strathechery
Best Links of The Week🔮
Blockbuster year in public markets buoyed by AI: The stock market obviously had a great year given the macro economic developments, and anticipation of a tempering Fed on rates in 2024. - WSJ
Year-end AI Summaries and Predictions: It’s the time of year of course for year-end summaries and predictions for 2024. - The information and here for predictions
How the $250 billion plus ‘Creator’ economy that is going to be impacted by AI in 2024. - The information
There's also Tech products for 2024. - WSJ
"The New York Times on Wednesday filed a lawsuit against Microsoft and OpenAI, the company behind ChatGPT, accusing them of copyright infringement and abusing the newspaper’s intellectual property. In a court filing, the publisher said it seeks to hold Microsoft and OpenAI to account for “billions of dollars in statutory and actual damages” it believes it is owed for “unlawful copying and use of The Times’s uniquely valuable works.” The Times accused Microsoft and OpenAI of creating a business model based on “mass copyright infringement,” stating their AI systems “exploit and, in many cases, retain large portions of the copyrightable expression contained in those works"." Source: CNBC
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A Conversation About The Future Of Canadian Real Estate With Dan Belostotsky