I've been delving into Real Estate focused AI tools, drawing from my experience in Machine Learning research at UC Berkeley, UCSF, and Apple, and I thought it'd be helpful to share some insights.Understanding AI-Generated Text -Technologies like Chat GPT generate human-like text by predicting the next word in a sequence.

I've always been pretty good at predicting investments we should have made and hope that when we really make investments that trend continues at least sometimes! 

One of the things Dan Ariely discusses in Predictably Irrational  is that when the two norms of Market Norms and Relational Norms are blended, some very odd things happen.  

Hence, the prediction that this virus could kill 2 million U.S. people, could take place through out 2020 & in 2021.

Not knowing exactly where the market is going, although models are predicting another crazy year here in Seattle, is enough for some people to just take a break and see what happens.Lastly, as you noted, knowing the economics is a key factor here and in our market, it's simple Demand outweighing Supply by ridiculous amounts.

Nevertheless, I do predict for rents to catch up at a rapid pace.

In fact, I'd go as far as saying that my net worth is probably double what it would have been thanks to everything I've learned from running countless projection models--without them, I'd be flying blind.The purpose of running projection models is NOT to perfectly predict the future (nobody can do that).

https://www.cgprealestateconsulting.com/post/2024-housing-ma...

If you can predict the cost of energy, don't bother with RE and go make a killing in energy trading.

Stay tuned for next month’s article where we’ll show you how to use this information to predict the financial future of your business using a cash flow forecast.