adammcnamara
Joined 17 years ago
Joined 17 years ago
1. Many foreign buyers buy through a child studying in Canada or numbered company.
2. Canada’s immigration (~400,000/year) far outpaces housing completions (~200,000/year, of which only 50,000 are single family homes). Many of these are replacing existing housing stock, too.
Inspiration to pursue big problems.
Inspiration to always be learning.
Sapiens - for understanding what it means to be human
The Lessons of History by Will and Ariel Durant - for understanding groups of humans (civilization)
The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks - for understanding investing
Seeking Wisdom: From Darwin To Munger by Peter Bevelin - for understanding mental models in general
The real benefit is time of transfer. ACH is infuriatingly slow. If you'd like a payroll run to arrive in employee accounts on a Friday, it must be initiated almost a week prior.
BTC could (theoretically) make daily payroll possible. The net benefit to society could be substantial. Payday loan activity would drop considerably. Some, but not all, credit card use would drop. All of the instruments that help "time shift" money could become far less necessary, along with the substantial fees associated with it.
If you're interested in ecommerce, physical retail (point of sale), or payments product management, talk to me directly. We have many positions I haven't posted yet.
Order creation will be open soon.