Canadians Switch To Real Estate Before The Next Stock Market CRASH! 💥 😱

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With Gan-Z being priced out of the real estate market, they have invested heavily in stocks. But could that destroy their future savings? Is it time for them to pivot back into real estate?

In this week's episode of The Tom Storey Show, Steve Karrasch and Tom Storey discuss new home incentives, Gen-Z's position in the markets and some SHOCKING news from Steve!

Podcast Chapters

[00:00] The Tom Storey Show - EP 202

[02:49] Florida Real Estate Observations (Cape Coral/Fort Myers)

[05:35] Sourcing Off-Market Properties & Private Sales

[09:00] The Frustration of Overpriced, Poorly Maintained Homes

[11:12] Why Sellers Should Drop Prices Instead of Waiting for Lowballs

[14:41] Defining a "Lowball" Offer

[17:40] Building Rapport in Real Estate Negotiations

[22:23] Realistic Expectations for Downtown Condo Prices

[26:10] Mattamy Homes' Price Protection Program

[35:45] Will the Next Stock Market Crash Destroy Gen Z?

[41:00] The Shift from Ownership to Subscription Models

[46:24] Steve Sold His Condo

[50:09] Mortgage Renewals and Negative Cash Flow Realities

[54:25] The Challenges of Finding Quality Tenants

[01:01:10] Real Estate vs. Stock Market: Comparing Returns

[01:05:05] The Opportunity Cost of Landlording

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AUDIO PODCAST LINKS:
Spotify: https://open.spotify.com/show/7wEEPUU...
Apple Podcast: https://podcasts.apple.com/.../the-to...
Amazon: https://music.amazon.ca/.../the-tom-s...

TOM STOREY
Tom's YouTube Channel:    / tomstorey  
The Storey Team, Royal LePage Signature: https://storeyteam.ca/
Instagram:   / thestoreyteam  
FaceBook:   / thestoreyteam  

STEVE KARRASCH
Steve's YouTube Channel:    / karraschrealproperties  
Karrasch Real Properties, Macdonald Realty: https://www.krproperties.ca/
Instagram:   / karrasch_real_properties  
FaceBook:   / karraschrealproperties  

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The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.