When Software Eats The Real (Estate) World
Robinson here - an incredible presentation from Alex Rampell at Andreessen Horowitz (aka a16z) on real estate & technology.
A few takeaways from my end:
If you’re a real estate agent, perhaps make a plan for your industry to change dramatically over the next decade or two.
“Dynamic Yield” is definitely A Thing - pricing real estate based on its expected rents really changes when those rents can be juiced, squeezed, and otherwise altered by innovative ways to use real estate space, Airbnb being the most obvious.
A few cool companies worth remembering:
Flyhomes buys homes for you in supply-constrained markets
Opendoor buys homes from you, right away
Divvy will buy a house that you want to rent, and then do something like a lease-to-own to you to build (a little) equity over your lease period
Point will buy part of your home as an equity partner
Informative as always from a16z - I’m grateful that they publish their work.