Weekly Roundup 10/20/21
âA pessimist may sound right, but an optimist usually is right.â
Breaking down the future of real estate. Insights, stories, trends - straight to your inbox every week.
If youâre anything like me, then youâre aware of the fact that reducing carbon emissions is important to the health of our future planet. But thatâs about all that you do know. Hereâs some food for thought:
âEmbodied carbon (all the CO2 emitted in producing materials) is responsible for around 10 percent of global greenhouse gas emissions. Each year, more than 6 billion square meters of buildings are constructed using carbon intensive materials such as glass, iron, steel and concrete.â
The quantity of carbon reducing materials is growing, yet that brings with it a big learning curve. This optionality can bring itâs own problems, although over the long run will likely lower costs for developers. Something to keep your eye on as weâre still in the early stages of the process.
Anyone on ReTwit (@WhyNotWealth) probably saw the conversation going on early this week about iBuyers. Zillow, Redfin, and OpenDoor - massive real estate data companies that have been scooping up houses by the thousands over the past year. So why did Zillow suddenly put a halt to these purchases?
https://www.marketplace.org/2021/10/18/why-zillow-hit-pause-on-buying-houses/
In short, they just donât have the operational capacity. Which makes sense. With such small margins on each individual property, in order for them to profit, itâs imperative they scale at volume. To do that, however, takes plenty of manpower that they seemingly donât have. Interestingly enough, competitor OpenDoor has not only stayed consistent with their purchasing, but added $9B to their balance sheet to fuel future purchases.
New entrepreneurs these days donât seem to care about the return to office. Or do they? One company, Brilliant Factory, is betting on the continued use of office space. Theyâve created a subscription based marketplace designed to connect entrepreneurs with any real estate service they might need.
https://www.brilliantfactory.com/
With all of the headaches that come with starting a business, finding a location to set up shop is near the top. This innovative concept could be the key that business men and women need to alleviate their real estate needs.
Everyoneâs heard of real estate in the physical world, but how about in the Metaverse? Through the rising adoption of blockchain technology, firms have been creating their own virtual environment where individuals and entities alike can buy plots of land to be developed.
Tokens.com, just purchased a 50% stake in the virtual real estate firm Metaverse Group at roughly $1.6M. If youâre reading this in 2021, itâs still incredibly early in the space. Could be a lucrative allocation of capital for those who are bullish in the space. Facebook, one of the largest companies in the world on market cap, has invested in over 10,000 employees to begin developing their own Metaverse. Probably doesnât mean much though.
In the futuristic based move, Ready Player One, the masses are stowed away and live in vertically integrated trailer parks. More or less boxes. Surely, our world would never come to that. Or could it?
https://news.yahoo.com/real-life-ready-player-one-213716706.html
Stackhouse, a company making itâs debut in August of next year, believes that this is the future of affordable housing. With home prices rising globally, their solution is to stack 320 sq ft metal shipping containers for people to reside in. The all in price of ~$350,000 is a steep price to pay for sub-optimal living conditions. Better start buying assets now. Your future kids will thank you.
Donât know where to start? No worries. Head on over to my website below and Iâll show you how to buy your first residential property in the next 6 months!
Cheers. Letâs make some money friend.
Twitter @WhyNotWealth