Apple announced a number of new products and services this week, including Apple TV+ and a new Apple credit card, which will initially only be available in the US. It all aligns nicely with their goal of growing their service/subscription businesses and weaning themselves off… Read More
All posts tagged “finance”
How impactful will the new First-Time Home Buyer Incentive be?
This week’s federal budget announced two measures that are intended to improve housing affordability. The first is a modification to the Home Buyers’ Plan. This is a plan that gives first-time home buyers the ability to do a tax-free withdrawal from their RRSP (it does,… Read More
And we’re back
Welcome to 2019. I am currently in transit and catching up on some internet reading and email on my way back to Toronto. At this time of year it is, of course, common to reminisce (or lament) about what happened over the last year, as… Read More
Two sides of the same bitcoin
Warren Buffet recently said in a Yahoo Finance interview that when you buy cryptocurrencies you’re not actually investing. Instead, you’re speculating – speculating that “somebody else will come along and pay more money tomorrow.” Investments need to generate a return. And nobody is at all clear on… Read More
More than a real estate company — a state of consciousness
Matt Levine’s most recent Money Stuff article is classic Matt Levine. It is both entertaining and informative. This one is on WeWork – the coworking startup that has committed to 14 million square feet of office space around the world and will have $18 billion… Read More
Would it be insider trading if Kylie Jenner traded on her tweets?
Lately I have really gotten into Matt Levine’s daily newsletter about “Wall Street, finance, companies and other stuff.” Maybe that’s how I should describe this blog: Cities, real estate, design, and other stuff. If you aren’t familiar with Matt’s writing, here is an article that he… Read More
Recently I’ve been seeing a number of posts/articles talking about the dot-com bubble. It seems to be driven by talk of a pending crypto bubble. Whatever the case may be, the recounts are interesting. In this one by venture capitalist Fred Wilson, he talks about… Read More
A new kind of homeownership
Yesterday Andreessen Horowitz announced an investment in the startup Point. They led an $8.4 million Series A round. Point is an alternative to traditional home equity loans and HELOCs. The way it works is that you actually sell a portion of your property. Here’s an example:… Read More
Where are rates going?
Real estate is a highly levered asset class, which means that pricing is sensitive to interest rate changes. Larry Summers recently published a post on his blog where he argued that the Fed (US) is being far too complacent about their ability to respond effectively… Read More
I can’t spend unrealized gains
Earlier this week the Wall Street Journal published an article claiming that the celebrated venture capital firm Andreessen Horowitz was lagging behind its elite peers in terms of returns. The firm then responded with a well-written blog post explaining why this accusation is off the… Read More