We were TFC season ticket holders for 10 years.
Heck, Aidan (my son) and I went to a game when TFC was 0-10 to start a season.
So when they won the championship in 2017, after losing in the finals on penalties the year before, it was a magical moment.
Last night was the first TFC game I had been to since that day. Somehow I just lost all interest after that 2017 championship.
Not sure why.
But it was great to be back last night again with Aidan.
It was a hot and humid night and they let off so many fireworks to start the game that I thought we had one another championship or something, LOL!!
(you can see some of the fireworks in the picture we took above).
It was amazing to watch Bernardeschi and Insigne play but I think the future of this team may actually be Alonso Coello…this 24-year-old midfielder is uber talented, wow, we had no idea about the guy!
Go Reds!!
(and let’s not talk about how they lost in extra time last night).
This week we have some rapid fire for you.
Here’s a list of things that caught our attention this week…
1. Canada’s GDP Number is going to look pretty interesting shortly…
Canada’s GDP is very, very dependent on real estate and construction. Much more than we thought.
Check out this chart from investorsfriend.com:
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Here’s something to ponder…
What is the current state of Canada’s tax revenues at the provincial and federal level with construction and real estate just in the tank right now?
Our contacts “on the streets” are telling us that there are almost no shovels in the ground for residential construction at all this Fall. Wild if true.
And how much “stimulus” is going to be required to get it all going again?
We should brace ourselves.
2. Single-family-homes in Canada are the unicorn of Canadian real estate
We’ve shared this before, and here’s an update from our friend Ben Rabidoux.
This is dwellings under construction in major metro centres across the country:
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Maybe generation A (is that the next generation after Z??) isn’t going to want their house.
With A.I. and remote work and changes to nation states over the next 50 years they won’t be in demand. Who knows?
But even when many of our ancestors lived in small villages and not big cities, a nice home in that village, was still a desirable thing for the family.
So when we see charts like the above, as real estate investors, it makes us think the single family home is still going to get a premium of demand in the years ahead.
3. CPI Index from 1800 to 2005…
Larry Lepard posted this on Twitter today.
It’s hard to make it out but CPI really got out of control after 1971 when Nixon announced that the U.S. would “temporarily” take the world’s global reserve currency off the gold standard.
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Jeff Booth has this great line…
“Abundance in money = scarcity everywhere else”
This is why we believe in adding good, scarce assets to our lives as a way to protect ourselves from this madness.
Good income properties in good areas, Bitcoin, gold (if that’s your thing)…the next few years scream “more inflation ahead”.
Prepare accordingly.
4. The wealth divide and destruction of the middle class is real
Check out this chart that shows the home ownership costs as a percentage of median income in Canada.
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We wrote a report about the destruction of the middle class almost 10 years ago.
Inflation, currency, and monetary policy are sneaky.
If you don’t pay attention to them every year it may not seem like much is happening. And then after ten years, bam, you can’t understand how things got so expensive.
5. Some resources that you may find useful…
First, we’re hosting a Zoom call next week on how to use real estate as a tool to stay ahead of some of these trends.
It’s on Tuesday June 25 at 7:00pm and we’re doing it LIVE.
You can get more details and save a spot for that right here.
Second, we also started a brand new Youtube channel for our podcast, The Your Life! Your Terms! Show.
We’re separating out the podcast from our main Rock Star Real Estate YouTube channel.
This week’s episode with Seb Bunney is a banger, and tomorrow we have a great new episode with Marko and Fernando (we’ve had many requests to bring them back on!).
You can visit the new channel here and subscribe: @TheYourLifeYourTermsShow
That’s it for this week, everyone!
Hope you’re enjoying the summer weather!!
Tom & Nick
p.s. Remember, if you’re trying to figure out how to add streams of income to your life and you think real estate may work for you, come join us next Tuesday June 25, 2024 at 7:00pm where we’ll share the latest investing strategies and answer your questions LIVE too! You can sign-up for that right here.
