A few weeks ago we spoke about the surge in residential real estate in parts of Florida. Inventories are up in several markets. But we are also seeing a surge in condos appearing on the market in South Florida. In fact, the condo sale inventory is up 90% in South Florida and the volume of transactions has fallen through the floor. The number of sale transactions was the lowest it has been since 2012 which was at the bottom of the GFC.  We now have 8 months of inventory for condos as compared with last year and the sales statistics for 2024 to date are even lower than 2023.  Naples Fl ..read more

On today’s show we are talking about what in some locations is a scarce resource. The headlines decry shortages of fresh water. Certain water sheds have been abused over the past century. The Colorado River is one example of those powerful rivers that seemed limitless. It flows through 7 states and 2 states in Mexico. So many communities along its path would not exist if it were not for the water supplied by the Colorado River. The Colorado river has been so exploited that it no longer reaches the Pacific Ocean.  But the truth is that the planet is covered by 70% water. We are not going t ..read more

On today’s show we are taking a look at the most recent announcement from the Bank of Canada. Today the Bank of Canada lowered its benchmark rate by 0.25% to 4.5%. That means the US and Canada have a full percentage point difference between the benchmark lending rates of the two central banks.  This makes for two back to back rate cuts in Canada. The Bank of Canada cut its key lending rate by 0.25 back in June.  The message from the Governor of the Bank of Canada was that lower rates were appropriate in order to stimulate economic growth. The economy is generally weak. Debt levels ar ..read more

On today’s show we are talking about cognitive dissonance. Cognitive dissonance is the discomfort a person feels when someone's behaviour does not align with their values or beliefs. Cognitive dissonance occurs when a person holds two contradictory thoughts at the same time. Here’s an example. Ice cream is bad for me. I want some chocolate ice cream. These two thoughts are seemingly at odds with each other.  --------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1) &nbs ..read more

On today’s show we are talking about mission critical systems and the design principles that sit at the core of these systems. We keep hearing about catastrophic outages of key infrastructure. A few weeks ago the city of Calgary was facing a severe water outage. Over the past month, the network of Chrysler auto dealerships was facing a system wide outage that persisted for several days. This past week, the vulnerability was punctuated by the flawed software update rolled out by cyber security firm Crowdstrike.  The Crowdstrike update affected airlines, banks, retailers, and countless othe ..read more

On today's show we are talking about why many people fail to achieve their goals. There is a distinct process that results in a better track record for achieving goals. You're invited to our annual goal setting retreat coming up on November 10. This intensive workshop requires focus and hard work in order to set great goals. To learn more, send an email to podcast@victorjm.com and put the word Goals in the subject line. ---------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1 ..read more

John David is based in Miami Florida where he assists developers with public relations on a nation wide basis. On today's show we are talking about the strategies that are most effective when dealing with community opposition to projects. To connect with John, visit davidpr.com --------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   ..read more

On today's show we are talking about how the US Federal Government manages and disposes of about 1/4 of the entire land mass of the United States. There is a handy report published by the Congressional Research Service which summarizes all of this. The report can be found at https://crsreports.congress.gov --------------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-es ..read more

On today’s show we are taking a look at what the bond market might be signalling when it comes to the US economy and the global economy.  We have known that the yield curve has been inverted for a record period of time, more than 2 years as of now. An inverted yield curve happens when the short term interest rates are higher than long term interest rates. The classic metric has compared the yield between the 2 year and the 10 year treasury bond. Today the 2 year and the 10 year bond are still inverted. We still have an inverted yield curve against that definition. However, the yield sprea ..read more

Building a business is difficult. That’s true of all businesses, regardless of the industry. It takes hard work to build a team and to figure out what works and what doesn’t work. There will be mistakes along the way and corrective action and if not then the business will probably fail. Then there are those people who look for a misguided shortcut. Working with experienced people is the key to compressing timeframes and accelerating learning. Hopefully you make fewer mistakes.  --------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast](https://open ..read more