Tech companies begin to covet real estate

[Frankie Woods]

Interesting article from the New York Times discussing the venture capital firms' interest in real estate.  It seems like the industry is going to change drastically over the next decade.  Exciting times for those that ride the wave.  Though the statement from one of the firms suggesting flippers had an easier go during the GFC than long term property holders is laughable to me.

https://www.nytimes.com/2018/09/27/technology/next-techs-agenda-real-estate-opendoor.html

[Khenkis K.]

@Frankie Woods I agree. For a long time, I strongly believe there was not a lot of incentive from the supply side to innovate. Why? Simply because demand failed horribly in understanding and appreciating what technology can offer and do. Only when buzz words like "big data", "AI", "fintech", etc. recently became a thing in the media did people finally start to wake up and smell the coffee.