IRR Driver @IRRDriver
real estate and stuff Toronto, Ontario Joined May 2022-
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Toronto housing market, viewed from Ottawa
GTA's pre-construction condo crisis is unraveling fast. 📉 8,195 units haven’t broken ground. 🏗️ 7,043 are under construction. 🏚️ 1,146 are built but unsold. Yet 75,000+ completions are still coming. How? 🔹 223 active projects 🔹 +28 new builds 🔹 Assuming ~300 units each =…
Elon Musk is plotting the biggest heist in AI history. A $300M deal from Telegram sits on his desk... If he signs it? His $120B company, xAI, gets the ONE thing OpenAI, Google, & Anthropic desperately need. Here's how Elon Musk could crush the AI industry:
🚨BREAKING $350,000 losses are starting to appear in the 1 bedroom Toronto condo market This is crashing.
The three best words in hockey right now: Game 7 @canadian_oldie
Game 7 #BecauseItsTheCup
Right into enemy territory. We’ll be telling our grandkids about it. Leafs in 7. @canadian_oldie #LeafsForever
In 1971, the US ran out of money and defaulted on its debts. Now, they didn’t say it that way. But by moving away from the gold standard, money as we understood it ended. I expected the stock market to plunge, but it went on to rise nearly 25%. That surprised me. But when I…
This 15th-century sheep farm charges up to $100,000/night. - 4.5 hrs from the nearest city - Sheep outnumber humans 2:1 - Justin Bieber's secret hideout But why are Wall St execs and celebrities flocking to a farm in Iceland? Here's what's special about Deplar Farm:🧵
Scariest Bank of Canada chart heading ever? "A severe and long-lasting global trade war could push the rate of mortgage arrears beyond levels reached in the 2008-09 global financial crisis"
Does Sam Bennett deserve a hearing with @NHLPlayerSafety for his collision with Stolarz?
🚨NEW In 2023, the City of Hamilton bought 40 "tiny-homes" from a "well-establish indigenous-owned business" the total project cost has now ballooned to $7.9 million and, the units were later found on Alibaba originating from China for $1100 each.
Wait until Canadians actually find out what they just voted for.🇨🇦💔
Gentle density done well
🚨 Toronto’s Pre-Con Nightmare 🚨 Buyer walks away from $439K deposit after condo plunges $600K in value But wait until you see what RBC & the developer did to keep the market afloat. 🧵
🚨TRUDEAU ADDRESSES THE AMERICAN PUBLIC🚨 We've always stood together, even during your darkest hours -- we've grieved together from the beaches of Normandy to the streets of Kandahar... to the Iranian hostage crisis...from 9/11 to Hurricane Katrina" This is the best speech…
Insane. The top 10 stocks in the S&P 500 are now almost 800 TIMES larger than the 75th percentile stock. Not even the Great Depression in the 1930s saw market concentration this high. It's now 50% MORE concentrated than 2001.
Insane. The top 10 stocks in the S&P 500 are now almost 800 TIMES larger than the 75th percentile stock. Not even the Great Depression in the 1930s saw market concentration this high. It's now 50% MORE concentrated than 2001.
It’s over 1,000km from Berlin to Paris There’s now a direct daytime train between them, that takes 8 hours and costs just €59. Leave at 10am, arrive 6pm. And… it’s just 1% the carbon emissions of the equivalent flight euronews.com/travel/2024/12…
Europe has gone from relying entirely on cheap Russian gas to relying entirely on expensive US LNG
Why is this not getting more attention? US credit card serious delinquency rates for subprime borrowers just hit ~22%, the highest since 2010. Meanwhile, delinquency rates on commercial office loans are now at 11%, ABOVE the 2012 peak. We are in a debt crisis. (a thread)
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