Adam Powadiuk

We could have a sovereign wealth fund that is actually funded by a budget surplus, rather than debt and taxes.

@major2571 @dradammcleod @ShaziGoalie Yes, the risk is on the buyer, but so is the reward. They lock in a price pre-construction. Prices go up for 20 years; everything’s great. Prices go down for a few years and suddenly the system is a broken?

The whole pre construction thing is a straight up scam. How do you sell something before it exists and then place all the risk on the buyer. That’s part of the builders premium. Everything about mortgages is a scam these days. How do you have a 30 year mortgage that you have renegotiate every couple of years. The cost of construction didn’t appreciate after the house is built. It’s a giant Ponzi scheme

PRE-CON CONDO WIPEOUT IN TORONTO. You’re not looking at a “market slowdown” anymore. You’re looking at people getting financially wiped out. One buyer planned to pass this condo down to his kids one day. Now he’s walking away from his entire life savings. Locked in at $800K. Appraised at $650K. Bank won’t cover the gap and just like that… the deal collapses. Down payment? Gone. Future for his family? Gone. It’s happening daily. This is how a housing market breaks.

@NickChristofor2 @IBB_INVEST @ShaziGoalie Prices are coming down, they are getting more affordable.

@IBB_INVEST @ShaziGoalie Why are so many Canadians so happy to see others fail? You don’t know he was a speculator, and in any case, the number of people who can’t afford a home is rising. That’s a bad thing no matter how you spin it.

@Create_Profit Why would you publicize this info about your Dad? Family>social media attention

My dad made $700,000 a year for most of his career. His retirement account is only worth $1.4 million. Don’t be like my dad.

@agimenez I’ve love to see the math/ROI expectations behind this spend.

Cristiano Ronaldo cobra US$ 3,2 millones por un solo post en Instagram. Messi cobra US$ 2,6 millones. Hoy #LEGO acaba de firmar contratos individuales con los dos. Y con Mbappé. Y con Vinicius Jr. Los cuatro juntos en un mismo comercial. No lo lograron Nike, ni Adidas, ni Pepsi, lo hizo una empresa de juguetes danesa. Partnership oficial con #FIFA, 10 sets coleccionables, activaciones globales. Una inversión que probablemente supera lo que muchas empresas latinas destinan a marketing en un siglo entero (juntas). Dinamarca 🇩🇰 no clasificó al mundial, se quedo afuera en el repechaje pero aun así su marca emblema se apuesta un PBI grande en esta acción. Eso es marketing de alta gama: simplicidad de formato, complejidad invisible de ejecución.

If I was on Artemis I’d choose the seat that would make me slightly further from Earth than the other astronauts during the moon orbit, but I wouldn’t mention it until the press conference.

@Rivershedge The 40s are glorious. My kids are still at home. My work is appropriately challenging and enjoyable. Health is great and and I can play sports at a competitive level. What’s not to love.

So, yeah age 40-50 can suck but I can be very very clear here that age 65+ is great, really really good. People need to know this. 40-50 sucks for dudes because careers are flat, marriages are sexless, kids are either in middle school and biting heels or college tuition obtains…

@thomaschattwill It doesn’t highlight the stupidity of the interviewees as much as it exposes the stupidity of the viewers. This content is standard: Interview 200 people. Show clips of the most embarrassing 4 people. Post online and watch your fans froth at the mouth and make broad assumptions.

A lot of the problems in the world right now can be explained by this video. For one thing, it’s a big reason why the US government is so unaccountable to public opinion. These are *college students.* A significant amount of the country is totally checked out and comfortable enough not to think it matters.

@realEstateTrent Exercise. But make it a competitive sport, not just running on the treadmill. If there is a score, you will be fully present and 100% focused on winning. No room for work stress.

The topic of health came up at dinner last night, and someone mentioned how important it is to keep stress levels as low as possible. Serious question: What do you do to relieve stress?

@SMB_Attorney I find it hard to believe that the same society that cracked the code for AI, can’t come up with an insurance scheme to cover the risk. If they can’t, just ask the AI to do it. I see other impediments to total job collapse in 24 months, but insurance is a minor speed bump.

You guys don’t get it yet. Everyone keeps saying AI is going to replace lawyers. I don’t think people understand how this actually plays out. Let’s say you use AI to draft a contract. The contract misses something important. A year later it costs you two million dollars. What do you do? Right now, you sue your lawyer. In the AI world, you’d sue the AI company. Two things can happen. Option 1: The AI company has liability for legal advice. If that’s the case, every AI company will immediately stop letting consumers use AI for real legal work. The liability risk is massive. Option 2: The AI company has no liability because of disclaimers. If that happens, every state bar in the country will say consumers are being exposed to unregulated legal advice and call it the unauthorized practice of law. And they’ll shut it down that way. Either path leads to the same outcome. Consumer AI will be limited to generic “Wikipedia-style” legal information and LegalZoom level document prep. But the real AI tools? Those will live inside law firms. Lawyers will use them to move faster, analyze more data, and run way more matters at once. The M&A lawyer doing 5 deals at a time will do 50. Trial lawyers will run far more cases simultaneously. The idea that AI replaces lawyers probably dies. The more likely outcome is that AI supercharges the best lawyers and makes the profession even more profitable than ever.

@donnelly_b In the summer he plays doubles tennis. Multi-season octogenarian athlete.

My friend’s dad is 81 and still skis Revelstoke. I want to be like that.

@BrockWarkentin @BenRabidoux CMHC isn’t paying out claims at an elevated level.

@BenRabidoux CMHC That is all

Canada's MLS House Price Index 47 months after the Feb 2022 peak: -20% US Case-Shiller Index 47 months after the July 2006 peak: -20% 4 years into the current Canadian housing cycle, price declines are on par with the US '06 cycle at the same point

Correctly deciphered.

@rhapsaadic @JShamess If you think AI can’t handle those tasks now, just wait 6 months and it won’t be an issue.

@JShamess can you please report back in a month or three? one-shotting a v1 of marketing software is absolutely doable. but please let us know how its going after maintenance, trying to add new features, securing the app from hackers, and scaling app operations.

A friend of mine owns 50 dental clinics. He’s been diving deep into building software with Claude code and thinks after a week of staying up until 1am, he’s replaced the marketing software they pay $1600 per clinic. So in essence erased $80,000 of costs for the corp in one week. The world is moving quickly today

@danielfoch @gregisenberg The (-15 degrees) north strong and free.

@gregisenberg lol precisely no longer the "true north"

Does anyone know why Toronto's road system is roughly -15 degrees off of true north? Most other cities' road systems just follow true north.

@donnelly_b 100% agree. It’s a basic provision of government.

Canada needs to spend more on defense.

The podcast has taken us to some interesting places, but this was a new one. We had a great time recording back-to-back episodes with Mayor Carolyn Parrish and Julian Schonfeldt of @Caprent

@realEstateTrent In a world of rapidly improving deepfakes, we may need to go back to this style of closing to avoid fraud.

Apparently a closing used to be quite the spectecle! When you bring all the parties into a room during a real estate transaction, you’re asking for drama. We bought a house in New York recently and were surprised at how old-school the process still is here. We all sat around a big table: our attorney, seller’s attorney, title company rep, brokers, and the lender’s attorney. Last time I did this was in 2004, when the buyer’s broker panicked and broke out in hives in front of everyone as he was reading the loan documents. One of the lawyers yesterday mentioned being at a closing where the buyer and seller attorneys got into a full-on fist fight. Another recalled a time when the buyer pulled out a firearm. There must be some wild stories from all the in-person closings that used to be commonplace around the country. Any good ones you can remember??

@BarryRoland19 2.15% annualized growth. The USA average is 5.4% (according to chatGPT). What underperforming market did he buy in?

My grandfather bought his house in 1981 for ~$1m cash. He sold it in 2024 for ~$2.5m. The memories we had were priceless. But if he just put that money in Berkshire instead, he would have made over $1B, and we would just have had great memories in a house he rented.

@texasrunnerDFW So what are the great things about living in that kind of a neighbourhood?

There are a lot of great things about living in the Dallas suburbs But the biggest downfall of this area is lack of walkability due to sprawl Everything you need is here, but it’s 15 minutes of highway driving in one direction or another You spend too much time in your car