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The Hot Property That’s Next on Tech’s Agenda: Real Estate

54 点作者 ryanj20021超过 6 年前

8 条评论

brightball超过 6 年前
It will be interesting to see if any of this goes anywhere. Real Estate is one of the tougher markets to really disrupt because of the amount of licensing, regulation and the fact that the local MLS is usually controlled by the local real estate group.<p>You have to pay a fee to join each one. I&#x27;ve heard a lot of tech people clamoring for a central MLS service but the local groups are well aware that controlling the listings protects the entire field.<p>There&#x27;s so many hands in the pot from banks to inspectors to attorneys to insurance before you even get into the liability insurance that each one of them (and the realtors) have to carry for these transactions...since there are so many opportunities to get sued.<p>It&#x27;s not going to be an easy nut to crack, but it should be fun to watch all this money try.
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ianai超过 6 年前
Caveat: I can’t read the article. I’m just riffing based on my knowledge of RE and personal experiences with tech.<p>As someone who’s researched real estate, I have a hard time seeing how tech can help the RE industry. For starters, RE bubbles have led to the worst economic downturns. If people can buy homes so easily that they can profit on making superficial changes, then prices will go up far above efficient. That pushes actual “householders” out of the market. Also, look at the dumpster fire that is Silicon Valley RE.<p>If I’m thinking of ways tech may help RE:<p>-Actually providing previously unavailable or unobservable information to buyers. Knowing a home will require expensive repairs soon would, in aggregate, help correct valuations. Alerting people of a home being in a flood plain, hurricane path, etc would help.<p>-Helping potential buyers with otherwise good credit but lacking some of the traditional requirements could help. But again that would probably also make flipping so easy and profitable to really screw up the market.<p>-Disrupting the contractor&#x2F;developer industry could flush some seriously awful bad actors out.<p>-Making rent and RE cheaper would boost the long term wealth of the country - by diminishing the portion of household income devoted to RE. Particularly, rent. Rent shouldn’t be anywhere near comparable to mortgages. You never get to see rent money again. (Here’s an idea: make a “shitty apartment” insurance. People pay an upfront insurance cost on moving into a new apartment. In return, if at any time during the residence they want to break the lease for a “qualified reason” the insurance helps them negotiate the process and ponies exit costs. Eventually a complex’s insurance premium would be enough to signal to potential renters about a place.)
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qubax超过 6 年前
Hard to tell whether this is a news article or an ad for the featured company.<p>Also, tech has been in real estate for a very long time. Zillow, Trulia, Redfin, etc were supposedly &quot;disrupting and revolutionizing&quot; real estate before smartphones got popular. I remember reading about this more than a decade ago. My god time flies.<p>From 2007.<p>Redfin On 60 Minutes Tonight – Real Estate Market Disruption.<p><a href="https:&#x2F;&#x2F;techcrunch.com&#x2F;2007&#x2F;05&#x2F;13&#x2F;redfin-on-60-minutes-tonight&#x2F;" rel="nofollow">https:&#x2F;&#x2F;techcrunch.com&#x2F;2007&#x2F;05&#x2F;13&#x2F;redfin-on-60-minutes-tonig...</a><p>Zillow has created a real estate revolution.<p><a href="http:&#x2F;&#x2F;archive.fortune.com&#x2F;magazines&#x2F;fortune&#x2F;fortune_archive&#x2F;2007&#x2F;02&#x2F;19&#x2F;8400262&#x2F;index.htm" rel="nofollow">http:&#x2F;&#x2F;archive.fortune.com&#x2F;magazines&#x2F;fortune&#x2F;fortune_archive...</a>
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sharemywin超过 6 年前
So, they are using housing data without taking the bubble into account. They will make money for a while until the market turns then they will lose money when their holdings are 20-40% underwater then it will take 5-10 years before their investment is above water. And the rental market will tank at the same time so, good luck with cashflow. Now let&#x27;s add maintenance, upkeep etc.
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dano超过 6 年前
The fees to the buyer on the sale of a $1.1m house are about $60,000 including broker fees of 5%, transfer, title, and many other fees. Fix that, attract buyers, and charge the seller $20k and you&#x27;ve got a heck of a good business.<p>My recent experience in selling a property is that no buyers could find the property and contact me until I hired an agent. Listing it FSBO resulted in calls from agents, not buyers. Every agent had a horse in their stable that they wouldn&#x27;t share with me unless I paid them a commission.<p>Figure out how to make it emotionally and legally safe for buyers to acquire property without an agent and I think that would help. All to often we think we need representation, which is expensive, when we actually don&#x27;t.
propyinc超过 6 年前
Real estate has always been a stable asset. The problem with it is that people are used to buying or selling a house a certain way, and they often do it only once or twice in their lifetime. The offer stage is very untransparent and manipulative. The closing process looks so hard that everyone thinks that we should pay 6% to agents and thousands of dollars to title companies. Tech can make the process to be transparent. Propy is doing it with smart contracts.<p>The question is raised whether there are more efficient or straightforward methods of doing transactions of real estate. Why shouldn’t buying properties globally be as simple, as buying a laptop from an online store in a different country? Some of the benefits of being able to purchase real estate globally easily: -You’d able to invest low amounts for a stable return -The real estate market would gain liquidity -You’d have access to multiple markets<p>Blockchain technology is one way this can be done, and we’ve already had successful global real estate transactions on our platform using it.
paulddraper超过 6 年前
One start up I&#x27;m rather excited about is Homie. (I do not work there, but I do live in their home state of Utah.)<p>It&#x27;s software-enabled realty for home sellers. Costs like $1.5k instead of 3%.
walrus01超过 6 年前
Most of the huge datacenter builders (digital realty trust, etc) are REITs.