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Category Archives: Big Picture

Bitcoin + Real Estate = Boom or Bust

by Ines Hegedus-Garcia on 10:00 am December 19, 2017

[Note from Editor: Originally published on Miamism] The subject of cryptocurrencies is HOT right now!! And when it comes to real estate, it’s going viral.  In Miami, it’s about which agents are versed in crypto and which sellers are willing to price their properties in Bitcoin – ultimately it’s about thinking “outside the box” in a changing market and wanting to be ahead of the curve. The cryptocurrency craze may seem sexy but it certainly is generational.  Ask 3 groups of people about digital currencies and you will … Read More »

Why I’m Bullish on Redfin

by Drew Meyers on 9:00 am October 23, 2017

I’ve written about Redfin before, most recently regarding their IPO and the IDX SEO issue. (disclosure: I own a small number of shares). I spent some time looking at their S-1, looking at their current product, and thinking through their future. They face a hard road strife with many competitors to fend off (with more to come) — but I’m bullish. Teams are certainly the future of real estate. Zillow knows that (see here), and Redfin knows that. Redfin happens to operate as the largest “team” in the country. In … Read More »

The Plan to Save Real Estate. A Flawed Plan from the Beginning.

by Drew Meyers on 12:32 pm September 25, 2017

I saw the following quote from Greg Hague (the architect of the Plan to Save Real Estate” campaign) on Inman: Sellers count on us to sell their homes… yet we (as an industry) don’t control any major website where buyers search for homes. This is bad for us AND our clients. We need a website designed to sell our listings, not use our listings to sell leads. We need a website that doesn’t display inaccurate valuations next to our sellers’ asking prices. We need a … Read More »

Bob Goldberg’s First Video as NAR CEO

by Drew Meyers on 10:32 am August 14, 2017

New NAR CEO Bob Goldberg’s first video [via 1000watt’s email]: Honestly, I have no real opinion of Bob. Never met him, and haven’t spoken about him with anyone who knows/works with him. “Smart changes”? “Improve the lines of communication”? “Concentrated effort to stay in touch regularly”? My gut reaction after watching the video twice is it’s laced full of PR-speak, and not a lot of actionable words. Maybe that’s just me.

Years Of British Ridiculousness Pave The Way For UK PropTech Boom

by Will Darbyshire on 12:17 pm July 25, 2017

UK PropTech

It’s been a fascinating, if occasionally turbulent, few years here in the UK; when David Cameron first promised a referendum on EU membership back in 2015, even our best minds had no idea quite how dumbfounding the events that followed would be. A sure-fire win for Remain was upturned by a narrow a Leave victory, at which point Cameron jumped ship before most of us had buttered our toast. Michael Gove, having stated repeatedly that he doesn’t have what it takes to be leader, stabbed … Read More »

Redfin’s IPO & Brokerages

by Drew Meyers on 8:16 pm July 10, 2017

Rob Hahn has some follow up thoughts on Redfin’s coming IPO as it relates to brokerages that I’d highly recommend reading (if you care about such things as the future of brokerages). A few of my own thoughts… 1. In Seattle, I’ve heard two primary things about Redfin: First, Rob mentions the one I’ve heard consistently – “Redfin’s got a nice website and app, and I send my clients there, but they always come back to me.” Second, Redfin struggles to keep good agent talent (because they can make … Read More »

What Would An Amazon Strategy for Brokerages/Franchises Entail?

by Drew Meyers on 10:49 pm June 25, 2017

You probably heard the news about the acquisition of Whole Foods by Amazon ($13.7 billion). It’s a big deal — Amazon just secured their biggest and best customer for their grocery services. Honestly, Amazon’s strategy and execution are beyond comprehension. For the curious, there’s some great analysis of the acquisition by Ben Gilbert and David Rosenthal on the latest edition of the Acquired podcast. Enough about Whole Foods. What I really wanted to speculate on is…. what would an Amazon strategy look like, were they in the shoes … Read More »

The Flow of Power — Online vs Offline

by Drew Meyers on 4:32 pm June 19, 2017

The physical world and online world differ in a massive way when it comes to the flow of power. From the Exponent podcast about podcasting and centralization: In the offline world, power flows from controlling supply. In the online world, power flows from controlling demand. It doesn’t sound like much, but it’s a massive difference worth understanding. Until the real estate industry understands how power flows in the online world and counters with differentiated buyer solutions not currently available/possible, you’ll be dependent on Zillow’s of the world. … Read More »

Older and More Jaded

by Drew Meyers on 1:06 pm June 15, 2017

As I’ve grown older, I’ve grown more jaded — and I think that’s come through more than I’d like in my writing recently. There’s a fine line between negative and truthful. I’ve never wanted Geek Estate to push “rah rah every one, every startup, and every idea is so great”. That’s a lie, and helps no one. As I’ve said before, I often don’t like the fact that I look at every product from an investor’s lens now. That said, I’m certain I can be far, far more valuable being … Read More »

More on Hijacking Attention

by Drew Meyers on 10:00 am June 3, 2017

I wrote about a podcast with Tristan Harris I listened to in February. It’s very, very clear — the race for attention is not going away. Friends, family, politicians, startups, apps, websites, work, Netflix, etc. Yesterday, I listened to his presentation at the Code conference and still firmly believe everything he says. To me, it’s scary that more people aren’t concerned about the issue of attention hijacking.

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