I am a big fan of the concise and insightful thoughts that Seth Godin has and I very much enjoy reading his daily blog posts and listening to his new podcast – Akimbo. After listening to his last podcast, he got me thinking that we subscribe to sources that fit our view of the world and that leaves us very vulnerable to manipulation. Care in point: Cambridge Analytica’s leveraging of facebook user data to manipulate them.
Reality in 2018: We are all susceptible to manipulation. This is the beginning of the end of facebook.
When it comes to understanding Toronto’s real estate market, I find that everyone out there has there on take on the facts! It seems like every topic today (e.g. how to raise kids, what is healthy, did the Russians meddle in U.S. elections, etc.) is a contentious. In my microcosm of the Toronto real estate, where news outlets constantly trumpet useless facts in their headlines, I feel that we cannot agree on basic questions:
- is there a land shortage?
- what is the impact of foreign investors/buyers?
- Was the 2017 Affordable Housing Plan effective?
- Which way are house prices going?
- Are municipalities too hard on developers?
- What will be the impacts of the recent OMB changes?
- Many, many more similar question etc.
I don’t a certain answer to any of these questions, but I found it amusing how some agencies can distort facts to fit the narrative they are trying to propagate. Who’s your source of news and what are their motives?
CBRE wants you to believe this time it will be different. So where can you get reliable information?
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