Urbanimmersive Inc V.UI

It's not

[redcoats]

As bleak as some media and posts try to make it sound. The component they can't seem to grasp, is the increasing affordability:

https://www.ctvnews.ca/business/ontario-and-british-columbia-headed-for-a-buyer-s-market-rbc-says-1.6198286

[Torontojay]

I think next year is going to be a rude awakening for investors. The US home prices has peaked in June and has been falling ever since. In the last housing bubble, it took 8 years to reach the previous high from around June/July 2006.  Are you really going to listen to the same banks that, predicted home prices will rise again in 2022?  Let's be honest here. They were wrong

[redcoats]

And yet.... In spite of all those "truths", and "rude awalenings", U.S. housing sales rose again, for the second straight month. You have to keep in mind that for example, the over 400 PhD's employed by the Fed, that predicted 2% inflation for 2022, were wrong by 350%. And they were considerably wrong on other critical predictions, such as interest rates. But of course

[Torontojay]

  I've been right about inflation since the end of 2021. I also predicted that Canadian home prices would collapse way before it was fashionable for people to say so. Btw, I made that call on the Urbanimmersive bullboard so you can verify if I'm full of bs. The story is not over and it's only getting started on the US side.  Inflation is not transitory and it's not

[redcoats]

And when you were making those dire predictions, the multi- month increase in home sales, was in the future. As I said before, the reality which always seems to get fogged, is that UI doesn't make it's income from numbers of sales, nor from the prices of housing. And the quality (and the cost) of ads increase during market retractions, in my opinion. Certainly it isn't as rosy as it

[kaykay22222]

@redcoats Q3 with $2.36m revenue was lower than I expected (i had $3m+ as target) I also don't expect Q4 to be better. Mortgage rate was above 7%, now ~6%. Healthy is pre-Covid between 4-5%. At least they are not burning cash (positice operating cash flow about $100k), but I don't expect any organic growth in the first half of 2023. We will see when the real estate market is coming back