Food for thought …
A couple stories and trends that I’m trying to work through as they apply to real estate: Tesla and Uber/Lyft:
Tesla, the groundbreaking electric car company is slowly but surely breaking down archaic, consumer-unfriendly barriers to being able to sell their cars direct to consumers, and Tesla is in the midst of building a new infrastructure through which to distribute the fuel for their vehicles.
Uber/Lyft, brand new to Charlottesville, have seemingly led to a 65% decline in cab use in San Francisco.
The real estate world has its own parallels – real estate agents (some are middlemen, some are critical advisors), MLS (the infrastructure) and the shifting dynamics of ownership (do we really own our iPhones) and motivations to buy homes (see: millennials).
I’m not yet sure where the real estate world is evolving, but it’s going to be different in 18 months than it is today.