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Category Archives: Home Ownership

Lemonade, Peer to Peer Insurance, and Giving Back

by Drew Meyers on 10:00 am December 21, 2017

Lemonade raised $120 million this week. When I saw they are doing peer to peer insurance, it caught my attention because home owners / renters insurance are both antiquated products in need of modernization. I poked around their website, and found this: How is Lemonade’s business different from that of a traditional insurance carrier? Traditional insurance companies make money by keeping the money they don’t pay out in claims. This means whenever they pay your claim, they lose profit. This is why getting your claims … Read More »

Shaming Renters, NAR, and Home Ownership

by Drew Meyers on 1:05 pm November 6, 2017

It’s pretty easy to figure out why NAR put out the ad above. Follow the money. Realtors don’t get paid when people rent. They only earn a commission when buyers buy homes. It’s not optimal, but I’m a renter. Always have been. Am I annoyed I’m not building “equity” on a monthly basis? For sure. Do I want to be shamed for it? Certainly not. That said — let’s stop complaining. What about causes and solutions? Barriers to home ownership (aka causes): Housing prices Access to capital … Read More »

Amazon Key is a Big Deal

by Drew Meyers on 3:52 pm October 25, 2017

Let’s be clear. Amazon Key is a big, big deal — for many reasons. It hit Product Hunt today, and the comments touched on a couple major points worth noting. It’s a brilliant — yet extremely obvious –move given their massive Alexa/Echo investment into the smart home opportunity. $250+ is an expensive home upgrade/purchase for many. Amazon already taxes deliveries. Now, they are going to take a tax on groceries, dog walking, deliveries, etc — as well as making money on selling home owners the actual lock to … Read More »

Echo Plus’ Impact on the Smart Home

by Drew Meyers on 11:30 am October 3, 2017

I think the new Echo Plus is a game changer for the Smart Home (a topic I’ve been writing about). I don’t have any “connected devices” in my home, so it’s hard for me to comment on how easy setup is. That said, in theory, Echo Plus will automatically recognize and setup all your devices. Have a look at the video…

The Smart Home & Amazon Alexa (and Echo)

by Drew Meyers on 9:58 am September 30, 2017

When talking about Amazon and their strengths and weaknesses for coming out on top for the looming (massive) smart home opportunity — you have to include both Echo (hardware) and Alexa (software) in the equation. While they are intertwined now, that’s not going to remain the case. The Echo is, of course, Alexa’s first customer. However, The Echo is not Alexa’s only customer. An ever increasing range of devices will utilize Alexa’s voice assistant in the future (the tools for integrations are already live). The more devices utilizing … Read More »

A Strategic Look at Smart Homes

by Drew Meyers on 8:55 am September 24, 2017

I’ve been spending a lot of time thinking about Smart Homes, and who is best positioned in the race to control the home. The players with the best chance are clearly Amazon, Apple, and Google. Of those, I’d say the lead has to go to Amazon at this stage in the game given how well Alexa is selling. Sleepers? Zillow, ADT, and Facebook. (they would all need major strategic acquisitions or partnerships to pull it off) What are the ways into the home with a … Read More »

Apple, HomeKit, and Smart Homes

by Drew Meyers on 9:30 am July 14, 2017

There was news about HomeKit this week, which I’m sure is going to be a major player in the connected-smart home market over time. Apple has added interactive HomeKit experiences to 46 retail stores worldwide. Game changing news? Certainly not. But more foot traffic experiencing a connected home experience is good news (for the entire connected-smart home industry).

Crowdfunding Real Estate Projects Around the Globe

by Drew Meyers on 9:30 am March 7, 2017

Curbed ran a piece on crowdfunding real estate last week that’s worth a read (for those interested in crowdfunding & investing in real estate). One excerpt I took notice of: Wall Street funds have also played a role in its three other New York projects, slated to open later this year. They’re part of what Prodigy Network is calling “The Assemblage,” coworking and co-living facilities geared toward what slick marketing materials refer to as “a community of individuals who believe the world is at the verge … Read More »

Making Home Ownership More Accessible, and More on Partial Home Ownership

by Drew Meyers on 7:00 am February 24, 2017

You may know I’m fascinated by the topic of partial equity home ownership. I got to thinking about the topic again the other day after listening to the Real Estate — Ownership, Asset, Economy a16z podcast. (via Greg Fischer). A few random, unorganized thoughts… Where’s the fascination come from? Partial home ownership has the possibility of placing more people into homes — at (relatively) affordable prices. Monthly payments are of course not the barrier to home ownership; it’s the down payment. Splitting up equity and making small percentages both … Read More »

Home IT Budgets

by Drew Meyers on 10:19 pm January 24, 2017

Those thinking about — and especially entrepreneurs working on — the history of the home opportunity I’m so bullish on should read Thinking About Home IT Budgets by Josh Elman at Greylock Partners.

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