Because, quite simply, where else is the money going to go? Housing is the place of last resort.
Historically, we invested in innovation. The long list of inventions Canada once brought to the world was a sense of pride for Canadians. Today, what are you working on that is going to change the world? Seriously – let it be known because money is struggling to find you.
I can’t comment on my own investment pitches because that would be biased. Obviously everyone thinks that their idea is good, however I will say that I was told to come back after having a commercial success and I’ve never heard of an angel investing in a pitch that guarantees to lose them money for the benefit of others
That’s the thing. Money isn’t “striving” to find inventors with revolutionary, world-changing ideas-- if that was the case, then the market would reflect it. Support for innovation requires vision and patience on the part of those holding the cash, but in every industry, the big holders of capital are always striving to find sure bets. It’s not just wealthy individuals, but large investment firms that buy up property, largely for that reason. There is no shortage of amazing ideas out there, few of which will ever get anywhere as things are now.
Because, quite simply, where else is the money going to go? Housing is the place of last resort.
Historically, we invested in innovation. The long list of inventions Canada once brought to the world was a sense of pride for Canadians. Today, what are you working on that is going to change the world? Seriously – let it be known because money is struggling to find you.
Capitalism supports making the most money, not progress
Someone who invents a way to make money off pacific garbage patch tours will do a lot better than the person who figures out how to get rid of it
Exactly. If someone did that, investors would take notice and want to get in on the spoils, taking money out out of the housing market in the process.
But it’s telling that not one person was able to come up with something they are working on.
I can’t comment on my own investment pitches because that would be biased. Obviously everyone thinks that their idea is good, however I will say that I was told to come back after having a commercial success and I’ve never heard of an angel investing in a pitch that guarantees to lose them money for the benefit of others
Nobody is talking about investment pitches. It was asked what people are working on.
Clearly the answer is nothing.
That’s the thing. Money isn’t “striving” to find inventors with revolutionary, world-changing ideas-- if that was the case, then the market would reflect it. Support for innovation requires vision and patience on the part of those holding the cash, but in every industry, the big holders of capital are always striving to find sure bets. It’s not just wealthy individuals, but large investment firms that buy up property, largely for that reason. There is no shortage of amazing ideas out there, few of which will ever get anywhere as things are now.