#73 - Dan Belostosky, CEO and founder of HonestDoor

  
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In this year's final episode of Reformed Millennials, we're talking to Dan Belostotsky, CEO of Honestdoor.com - the first website in Canada featuring the sold price of homes and condos. We were excited to talk to dan for multiple reasons, not the least of which is his business HonestDoor.

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👉 For specific investment questions or advice contact Joel @ Gold Investment Management.


When will the Real Estate Revolution Start?

Homes are emotional and humans have a hard time cleaning out their closets, let alone actually selling their homes. Its oftentimes the most important and largest asset for families and it matters a lot to people. More than anything they probably own.

The startup graveyard is chock-full of companies/entrepreneurs who realized that the way we buy and sell real estate sucks but have never figured out how to change our buying and selling habits.

Zillow, Redfin, purple bricks, and HonestDoor all make buying real-estate easier but still kick the close over to the agents themselves.

Is this the start of a new renaissance? Armed with advancements in new technology and a massive shift in consumer behavior - can HonestDoor and companies like it break our old habits?

In the next 5 - 10 years are we going to be selling and closing on real estate differently than we do today?

We don’t have the answer but the winds are shifting and Dan is at the heart of that shift here in Alberta.


🌏Quick Market Update:

Good evening, everyone. The markets tumbled on Tuesday. Every major index finished lower while the Russell 2000 lagged for the second day in a row.

Healthcare and consumer discretionary were the only sectors to finish higher. Industrials, energy, and real estate all fell more than 0.5%.

U.S. stocks may have struggled, but can emerging markets finally emerge?

Intel was urged to seek strategic alternatives from an activist hedge fund. Will the company actually listen?

They better - Linus is out with a new video about the M-1 chip and its pretty damning for Intel’s future

Mexico is legalizing marijuana. Will the U.S. be next? Place your bets…

Here are the closing prints:

S&P 500 3,727 -0.22%

Nasdaq 12,850 -0.38%

Russell 2000 1,959 -1.85%

Dow Jones 30,355 -0.22%

🌏 iShares Emerging Markets ETF $EEM closed above $51 for only the third time since January 2018. Here’s the weekly chart:

India booming: 🇮🇳 inched higher and closed at an all-time high.


🌊 Hottest Links We Read Last Week 🌊


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