Nerdy Suresh - Realtor

03/29/2023

04/29/2022

2.5 years in 1minute and 2 seconds!

Construction of a Canadian marvel that was one of a kind in the world at its peak!

We still can't stop ourselves from calling it Skydome!

04/28/2022

Canada Census finds 1 in 300 Canadians are transgender or non-binary!

Agency says it’s the first national census data of its kind

Most transgender individuals are urban and under 35 years old

While specifying the data are not “strictly comparable,” the Canadian agency noted that representative survey-based data show New Zealand and Belgium have adult populations that are roughly 0.5% transgender and non-binary, while crowd-sourced and non-representative surveys show Ireland and England and Wales at about 0.6% each and the U.S. at about 0.8%.

Other details in Canada’s new gender statistics:

The vast majority of non-binary individuals -- about nine out of 10 -- live in urban areas of more than 100,000 people.

Nova Scotia and British Columbia were the provinces with the largest proportion of non-binary and transgender people, with roughly one in 200 people identifying as such in both places.

Nearly one in six non-binary people live downtown, accounting for roughly one in 200 people age 15 or older in Canada’s census metropolitan areas.

About 62% of the 100,815 people identifying as transgender or non-binary were younger than 35.
source: bloomberg

04/21/2022

Quantitative tightening coupled with interest rate hikes as results of the inflationary pressures are moving housing market into "uncertainty" areas for the year 2022.

Refinancing has slowed at good clip.

The recent surge in mortgage rates has shut most borrowers out of rate/term refinances, causing the refinance index to fall for the sixth consecutive week.

Rapid inflation and tighter US monetary policy continued to push Treasury yields higher, driving mortgage rates to their highest level in over a decade. Rates increased across the board for all loan types, with the 30-year fixed rate hitting 5.2%

04/20/2022

Yes, I'm going to try this with the stocks market tomorrow! 🤭

04/19/2022

Not all birds build their nests from twigs and dry grass. Especially for an Aerial Engineering Dean & Master Architect, ordinary is unacceptable!

Across the tropical ecosystems of Asia, the small common tailorbird (Orthotomus sutorius) sews a sturdy bird nest together from leaves and threads stolen from households 👀.

04/18/2022

I learned that all the nations that are adopting Bitcoin (BTC) are the ones who don't have direct access to USD and US Treasuries in one form another on the global trade scene.

The adoption makes sense, thise countries need access to a different medium of liquid asset or currency that is widely accepted at the moment!

Also, happy to see more and more Bitcoin-enthusiasts are finally labeling this crypto as an asset rather than a currency.

03/12/2022

Canadian Housing Market

The value of real estate owned by households in Canada rose $1.5 trillion to $8.3 trillion in 2021, according to national balance sheet data released Friday by Statistics Canada

Much of the real estate activity has been driven by new mortgages, with the ratio of household credit market debt to income climbing to a record 186% to end 2021.

03/10/2022

Visa card's Spending Momentum Index (SMI) and CPI are going up together 🤷🏽‍♂️

Visa announced today that the U.S. Spending Momentum Index (SMI) was 109.3 in February (seasonally adjusted), up from 102.4 in January. As COVID-19 case counts fell, consumer spending momentum resumed its robust pace of expansion

The Visa SMI is an economic indicator of the health of consumer spending. When the Visa SMI rises above 100, the consumer spending momentum is strengthening and when it falls below 100, the spending momentum is weakening as fewer consumers are spending more relative to the previous year

Consumer spending momentum gained strength across all age groups, helping to reverse a three-month slide. The growth was fastest in U.S. consumers over the age of 65, helping to close a gap that had opened between that cohort and younger U.S. consumers (aged 25-44) during the pandemic. Spending momentum by older U.S. consumers lagged an average of 9.1 index points from March 2020 through January 2022, and reached as high as 17.2 points in November 2020. In February 2022, the gap narrowed to 3.2 points, which brings it closer to pre-pandemic levels

By category, the SMI for discretionary purchases rose 4.1 points from the previous month to 104.7. The SMI for non-discretionary purchases rose 4.5 points to 101.9, signaling a positive acceleration in spending momentum relative to this time last year Yahoo news

03/01/2022

War can be expensive!

According to Brown University's Cost of War paper it is possible Russia could be spending approximately $400 million per day! Of course I took the largest spending year into consideration in my quick study to arrive at this number.

It could be more if the fees, fraudulent activities and other allocations in the operations are more for Russia than what was incurred by US 🤷🏽‍♂️

Sanctions could work if the expense of this war stays high, but the sanctions have to be more precise for it be effective IMO

02/24/2022

Ukrainian air space today!

02/23/2022

Also, please look into ratings agencies ! Thanks.