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Castle Doctrine: Protecting real estate consumers in DysTrumpian era

 

The Consumer Federation of America, an organization that includes 300 groups, just finished their annual Financial Services Conference and the event begged the question, what is the future of consumer advocacy in a DysTrumpian era? This hard-hitting opinion in the Washington Posts asks if a Trump economy will teach kids to be “con men.”  Here’s what’s at stake:

“…big companies and moneyed interests [are] eager to fleece unsophisticated or shallow-pocketed borrowers, investors, consumers, workers and small-potatoes entrepreneurs.

To the untrained ear, Trump’s campaign rhetoric suggested he might be on board with Obama’s mission.

Trump spoke frequently of how the system was “rigged” against the little guy, and how — because no one knows the system better than Trump — he alone could un-rig it. But now that he’s heading into office, Trump has flanked himself with a fleet of anti-regulation, anti-consumer subordinates who appear hellbent on dismantling the Obama administration’s hard-won pro-little-guy protections.”

http://bit.ly/ConMen (share this URL via social media)

Who will protect consumers from the oncoming assault? Leading consumer advocates from non-profit and government agencies around the country gathered at their annual two-day event, and their concerns are reflected tweets using the hashtag #CFAFS2016.

One keynote and a break out panel​​ addressed the need to protect investors, particularly those saving for retirement, by preserving the hard-won “Fiduciary Duty” rule president-elect Trump is likely to repeal​.  Hoping to link a recent court decision protecting homebuyers from conflicts of interest, Real Estate Cafe asked what’s the best way to extend fiduciary reform into real estate in a series of tweets.

#RE2020:  Protect consumers, deliver billions in savings

To my knowledge, no real estate consumer advocates participated in the gathering but another panel addressed privacy and the abuse of personal data collected online.  That is one of the emerging issues in real estate, and creepy real estate apps get our nomination for “Stealth Story of 2016.”  Consumer advocates and tech innovators need to collaborate with conscientious Realtor groups, like the @CRTLabs, to extend #FiduciaryFirst principles to include the role of #InformationFiduciary.  As Doc Searls told that group, “Shelter is Privacy 101;” and his Castle Doctrine explains why managing personal data from smart homes and real estate transactions is a consumer’s right in an era of surveillance capitalism.

Let’s use the Boston Realty Party, our annual gathering(s) of real estate innovators and consumer advocates on (or near) the anniversary of the Boston Tea Party, to reconnect and update perspectives on what real estate might look like by 2020, the end of Donald Trump’s presidency.  Scary thought, but the real estate ecosystem is already changing, the question is who will reshape the future? Want to use these links to try?

http://bit.ly/1st100RE2020

http://bit.ly/ShapeRE2020

To extend California’s landmark victory against dual agency, consumer advocates need to be involved in efforts by real estate insiders to update the agency disclosure form in Massachusetts. Anyone else alarmed that this meeting is being held at the Mass. Association of Realtors?  Classic example of the fox guarding the chicken coop?

What else will we see if we don’t organize to prevent a DysTrumpian future?

Tagged with:
Posted in Buyer agent, Consumer protection, Defensive Homebuying, Designated Agency, Dual Agency Detective, Dump Dual Agency, RE2020, Real Estate Consumer Bill of Rights, RECALL: Real Estate Consumer Alliance, reVRM

Crowdsourcing insights into a slumping housing market in Boston

bostonbubble_links_2005-112316

December 11 will mark the 9th anniversary of joining http://BostonBubble.com, a forum for homebuyers to crowdsource insights during the real estate recession.  Over that period, Real Estate Cafe contributed over 100 posts, and two offer context for the current housing market.  Obviously, they were written pre-Trump, and one cannot underestimate the potential impact his presidency (if it is not overturned by the Electoral College) will have on the housing market.  Despite his celebrity status as a “real estate mogul,” he has NEVER developed a housing policy and his choice lead HUD, Dr. Ben Carson, has no housing experience.

Six months after warning homebuyers on BostonBubble of a changing housing market, October stats and recent headlines reveal that real estate sales and prices are falling in Massachusetts

http://bit.ly/MassREDipOct2016

http://bit.ly/RESlumpLinks

As interest rates rise, will 1Q2017 see a repeat of 1Q2016?   Time to exercise “Defensive Homebuying” strategies so you can save money, be proactive or simply sit out because there is too much uncertainty?  If you’re inclined to buy, here’s the case for bargain hunting this time of year:

http://bit.ly/WinterREBargains

FLASHBACKS: 

Posted: Thu Apr 07, 2016    Post subject: Prices down in 51 towns & suburbs in Metro Boston

Yesterday, Boston Globe ran a story on Peak Rents, today another indication that 2016 is turning point:

51 towns & Metro #Boston suburbs have begun 2016 on home price losing streak

http://bit.ly/MetroBosREDown

Anyone want to meet at Cambridge Common near Harvard Square or Joshua Tree in Davis Square to talk about the implications of these emerging trends, and whether it’s possible or wise to “time the market.”

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Know anyone who’s suffering from buyer’s remorse, wondering if they were manipulated into overpaying in the past two years? Will we see a “Bidding War Backlash” in the next 18 months and a repeat of regrets like those in 2008?

http://bit.ly/Misled2014

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Posted: Fri Apr 08, 2016

Rather than taking legal action two years from now, what’s the best way to be preemptive — calm bidding wars during the next 100 days?

My hypothesis: By mid-August, the pre-election pause will cool currently overheated areas expanding the count of communities with falling housing prices.

What’s your prediction?

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As the image above shows, comments on BostonBubble have dropped to a trickle and there haven’t been any updates on the news feed in four months.  So Real Estate Cafe is setting up a place to monitor REBubble 2.0 online and we’re eager to begin hosting informal “Bubble Hours” as part of our ongoing series of conversations over beer, aka #REonTap.  Our goal is to inform homebuyer clients by crowdsourcing insights from other buyers, and selected real estate professionals particularly other buyer agents. Similar crowdsourcing efforts a decade ago helped some clients save more than $100,000 off original asking prices.

Here’s what our Real Estate Bubble Map / wiki looked like a decade ago (unfortunately Platial.com went out of business so you’ll see repeated gaps), want to help us explore ways to track REBubble 2.0 this time?  Here’s what’s at stake:

MUST READ list of why Bubble 2.0 more dangerous than Bubble 1.0

http://bit.ly/Bubble2SF

Posted in "We" companies, #REonTap, Bubble Hour, Bubble map, Housing bubble, Market trends, Price reductions, Savings & Rebates, Seasonality, Sweetest Deals

Confront Candidates by Crowdsourcing Housing Questions for Next Debate

nprdebate_requote_092716

Without a question about housing or any mention of investigations and lawsuits related to Trump University, references to real estate were revealing in last night’s debate between presidential candidates Hillary Clinton and Donald Trump.

When a reporter asked afterwards if there were any defining moments, a Clinton strategist didn’t need to spin. Donald Trump’s lack of empathy for millions of Americans who were devastated by the real estate recession was revealing.

So was his response to fair housing violations.  In an article entitled, Donald Trump’s first presidential debate confirmed he has no idea what he’s talking about, Vox wrote:

“Accused of practicing racial discrimination in his businesses, he says being sued by the federal government is ‘one of those things’ and even though he paid up, there was ‘no admission of guilt.’”

He repeated “no admission of guilt” twice as if that would absolve him from the truth.

The truth is that Donald Trump saw foreclosures as  an opportunity to exploit people.  “That’s called business,” was his dismissive response when Hillary Clinton exposed Trump’s greed.  So if he lashes out at Fed Chief Janet Yellen for creating another “big fat ugly bubble,”  he needs to be held accountable.  If elected President, which version of Donald Trump would develop policies to protect millions of homeowners if they go upside down again on their mortgages again?

Is that a far fetched scenario?  Not according to some housing market observers.  Real estate is cyclical and storm clouds are already forming according to the co-founder of Keller-Williams.  The next president will need an enlightened housing policy to address numerous problems:

1.  Rent burdens are unprecedented;

2.  Not a single county has enough affordable housing;

3.  The wealth and income gap between millennials and baby boomers is a time bomb (disruptive demographics);

4.  Today’s lack of inventory will be replaced by homes no one wants, (Great Senior Sell-Off);

5.  We have only one affordable housing unit for every three seniors who need it.

Housing is taking a larger and larger share of household budgets, so some prominent people argue that affordable housing should have been more prominent throughout the primary and presidential campaigns.  Rather than waiting for debate moderators to ask, maybe ordinary home buyers and sellers should crowd source our own questions.

Bernie Sanders fans want to start here?

Mr. Trump, you made your fortune through real estate but your father developed thousands of units for ordinary people.  What’s your vision for housing a generation of millennials who are watching investors and foreign buyers remove starter homes and affordable condos from the housing market?

What about real estate professionals?  Why aren’t leaders in the industry stepping forward to confront the candidates on housing as they did at the bottom of the housing recession?

Posted in #SpeculatorsWithoutBorders, Affordable housing, Consumer protection, Foreclosure Prevention, Housing bubble, Housing policy, Real Estate Bubble, RECALL: Real Estate Consumer Alliance

Tidal Wave of #SpeculatorsWithoutBorders or Virtual Town Hall Meeting?


If “Foreign buyers at Millennium Tower show that Boston is on a world stage,” is that was a good thing?  Apparently not, if you scan over 130 comments from Boston Globe readers:

http://bit.ly/BOSSpecuTower (share via social media)

Across the river in Cambridge, concerns about soaring housing prices were mirrored by 80 neighbor-to-neighbor comments after one member of NextDoor, a neighbor-only site, expressed concerns about “how many members of the “public [hearing on affordable housing]” were developers, and how few were residents and advocates.”

Despite shared concern about rising costs, the gap between the two threads revealed a hidden problem:  how little is known about the role foreign buyers are playing in the current speculative cycle and their short and long-term impact on affordability.  What we do know is that:

While some some developers are trying to limit sales to investors to protect resales, a marketing consultant told the Boston Globe:

“It’s a little bit like holding back a tidal wave at this point,” … “There’s a much bigger market out there than anybody has tested.”

MACRO IMPACT

Why should “ordinary people” care?  Global real estate speculation is not limited to luxury towers; and even if it were, two articles in the New Yorker begin to explain indirect social costs:

Real Estate Goes Global

http://bit.ly/GlobalRE_NYKr2014 (share via social media)

Why The High Cost of Big-City Living Is Bad For Everyone

http://bit.ly/HighCostCities (share via social media)

Others fear that the housing market is being driven by external or shadow demand; #SpeculatorsWithoutBorders and more could make Housing Bubble 2.0 worse than the one a decade ago:

Housing Bubble 1.0 vs. Housing Bubble 2.0 – The Culprit is “Shadow Demand” … Again!

http://bit.ly/ShadowREplay (share via social media)

Finally, our concerns about spiraling prices and research into unprecedented bidding wars were underlined by this recent article:

China Might Be Blowing a Gigantic Global Housing Bubble

“…going back to 2013, recall that the People’s Bank of China allowed Chinese companies to lend money in renminbi to their offshore branches without any limit and without any requirement for them to first notify regulators.

That essentially meant that companies could transfer money out of China without having to worry about capital controls. Home prices started increasing strongly around the world since around that year.”

How can we raise awareness about #SpeculatorsWithoutBorders?  Here are two idea starters:

IDEA STARTER 1: Host Virtual Town Hall

Groups in Vancouver are hosting an affordable housing rally at 2pm (5pm our time) on Saturday, September 17.  Should we revisit an earlier proposal to host a virtual town hall meeting to learn more about their devastating new 15% tax on foreign buyers?  Ideally, the virtual town hall meeting could include others cities negatively impacted by #SpeculatorsWithoutBorders like the Bay Area, Seattle, Toronto, and New York.

IDEA STARTER 2: Use humor to raise awareness about #SpeculatorsWithoutBorders

We’ve shared this idea with a number of insiders, and invite feedback on using LAUGHTivism to expose #SpeculatorsWithoutBorders. Should we play with the idea sometime over beer at one of our #REonTap sessions?

http://bit.ly/LaughRE (share via social media)

PRACTICAL NEXT STEPS

Bidding wars are blind, so unless someone spills the beans, first-time homebuyers may not know that they’ve been outbid by a foreign buyer.  However, if the same buyer or investor pool turns that purchase into an AirBnb unit, it may be easier to spot and:

  1. Report to public officials monitoring the problem or Cambridge Inspectional Services if the units violates the city regulations.
  2. If short-rentals violate your condo by-laws or threaten to undermine financing options and resales, report to your condo association.
  3. Finally, if you’d simply like to sound off about the problem, record a one minute sound bite using this link via lap/desktop or your smartphone.  We’ll share it with Senator Elizabeth Warren’s staff, as Congress is investigating whether “short-term rentals may be exacerbating housing shortages and driving up the cost of housing in our communities.”

Posted in #REonTap, #SpeculatorsWithoutBorders, Affordable housing, Bidding wars, Bubble Hour, Consumer protection, Defensive Homebuying, Housing bubble, Housing Justice, Real Estate Bubble

#SpeculatorsWithoutBorders extracting affordable housing from Cambridge

A controversial protest organized by Black Lives Matter Cambridge resulted in extensive media coverage and an open letter last week in the Cambridge Chronicle entitled, Fight for affordable housing in Cambridge is fight for black liberation. Unfortunately, the same publication rejected my comment so posting here and eager to share with City Councilors, various affordable housing committees, and Envision Cambridge — the $3.3M citywide planning process.

REJECTED COMMENT:

Encourage affordable housing advocates to look at the impact “external demand” and bidding wars are having on a daily basis in Cambridge; and as reflected in the bullet points in the attached above, the long-term implications of the globalization of real estate. As you can see from this announcement posted on a Cambridge real estate agent’s Facebook page, it’s no secret that Cambridge real estate agents are courting international buyers and investor pools:

http://bit.ly/SotheBGlobal

My sense, unverified at this point and potentially unverifiable unless policy changes are made, is that foreign buyers and investor pools are removing affordable housing (which they define as $500K starter condos) faster then they can be added to the housing inventory.

What can we learn from other cities about how to respond? Vancouver has imposed a new 15% real estate transfer tax on foreign buyers. Significantly, the tax does not come out of the sellers pocket or the developer’s proforma. As such, it essentially taps into Cambridge’s international appeal to raise funds to increase affordable housing.

Look into the future, and see the consequences if we continue to let #SpeculatorsWithoutBorders drive up prices and extract affordable housing opportunities:

http://bit.ly/GlobalSpecTax (share link via social networks)

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BOTTOMLINE: Add a 5th and potentially 6th bullet point to the list in the Cambridge Chronicle’s Guest Opinion?

5. Impose a buyer tax on foreign buyers, similar to Vancouver where international investors pay 15% on top of the sales price; or Singapore’s model: any investor / non-owner occupant pays a tiered buyer tax.

6. To calm the current speuclative cycle, declare a two-year moratorium on #SpeculatorsWithoutBorders, too?

Tagged with:
Posted in #SpeculatorsWithoutBorders, Affordable housing, Bidding wars, Consumer protection, Housing Justice, Investigative Reporting, RE2020, Real Estate Consumer Bill of Rights, RECALL: Real Estate Consumer Alliance

Let’s declare Holy War on BLIND Bidding Wars

There’s been a flurry of more than 30 comments on @NextDoor following a recent Cambridge City Council meeting on affordable housing.  Mine is shown below.  Want to share yours offline tonight at #REonTap? Let’s meet at the Podcast Garage where we’re learning to expand our voice and invite yours as well.  If you can’t attend, you can still reply to the conversation starter below:

Robert, I like your question: What would you like (data) to prove? My hypothesis is that the globalization of real estate = supply of affordable units going in reverse in Cambridge. Consider these bullet points:

1. Price is not the sole measure of affordability, ask anyone who’s been told they need to pay $100K/+ over asking price to win a bidding war in Cambridge (ironic for a city with its own Peace Commission);

2. While Cambridge has added nearly 1,000 affordable units; how many others have been extracted from the existing housing stock by investors — foreign or domestic; short-term rental (like @AirBnB) or crowdfunded pools looking to maximize long-term rents? Marc McGovern & Robert Winters, my guess is that the number FAR exceeds the 200 affordable ownership units added since 1998.

3. Other cities including Vancouver are responding with innovative solutions:

3.1 Regulating the BLIND bidding process used by real estate agents to increase transparency, and

3.2 Taxing foreign buyers 15% on top of their purchase price. That’s calmed demand from #SpeculatorsWithoutBorders and put downward pressure on prices.

With blogs on Forbes & Financial Times hyping Cambridge real estate as a great investment:

http://bit.ly/RESpeculation02138

… time we also explore emergency regulations to protect the “Common Good” from multiple perspectives: existing residents who’d like to downsize but can’t find anything affordable, businesses who’d like to attract employees put off by housing costs, and our adult children who’ve been priced out of Cambridge?

Historical overview of bidding wars available on http://bit.ly/unFoldBidWars

Posted in #REonTap, #SpeculatorsWithoutBorders, Affordable housing, Bidding wars, Bubble Hour, Buyer agent, Consumer protection, Defensive Homebuying, Dual Agency Detective, RECALL: Real Estate Consumer Alliance

Who will put savings back into buyer agency?

My assumption is that many buyer agents who take fiduciary duties seriously have worked with buyers willing to pay over asking price because they believe rising prices will offset their leap of faith. In 1988, Nobel prize winning economist Robert Shiller and Karl Case said those kind of calculations turned homebuyers unknowingly into the drivers of a speculative boom / bust cycle as 6 to 10% of homes sold over asking price. In some locations like Cambridge, Massachusetts that pace is now up TENFOLD, as bidding wars are at a dangerous unprecedented pace.

Recognizing that, this stunning finding asks what role are buyer agents playing. By one quantitative measure of ROI or ROA – Return On Agency, buyer agents generated savings beyond their paycheck in just 17 or 217 transactions in Cambridge. That’s a paltry 8%:

When buyer agents pioneers launched their practices two to three decades ago, they routinely quoted excerpts like this:

HOUSE HUNTING? SAVE BY HIRING YOUR OWN BROKER

“If you ever doubted the value of real estate agents who work solely for home buyers (as opposed to traditional agents who report to sellers, consider this: A recent study by U.S. Sprint found that 232 relocating Sprint employees who hired buyer’s brokers paid an average of 91% of a home’s list price. People who use traditional agents typically pay about 96%. On a house originally priced at$150,000, that’s a difference of $7,500.”

MONEY MAGAZINE

“…Buyers average a 5% savings when represented by a buyer’s agent rather than a seller’s agent.”

What happened, and what will happen when the market changes? Will we see a repeat of 2008 when clients began suing counterfeit buyer agents?

With Keller William’s founder warning about a shift in the housing market — http://bit.ly/BewaREShift, is it time we develop a meaningful if not quantifiable measure of buyer agents effectiveness that exposes fake buyer agents? Maybe something as simple as:

Put the savings back into buyer agency?

Some say the next major housing crisis will be generated by “disruptive demographics,” and in retrospect, it may be clear were’s headed for another lost decade in housing. What’s your take?

Are we approaching a tipping point in housing?  Should you or your buyer agent be concerned?

If you’re in Greater Boston, join us offline for our next “Bubble Hour.”  Follow @RealEstateCafe for the next #REonTap

Posted in Bidding wars, Bubble Hour, Buyer agent, Defensive Homebuying, Dual Agency Detective, Great Senior Sell-Off, Housing bubble, Housing forecasts, Real Estate Bubble, Savings & Rebates, Seasonality, Timing the market

#RE2020 radar screen includes Blockchain & much more

 

Since the early 1990’s, Real Estate Cafe has scouted innovations at the intersection of real estate + technology + consumer advocacy, but we’ve never attended a streak of events like the past month. As new technologies and players come into the emerging real estate ecosystem (#RE2020), we’ve expanded our radar screen to include innovations in RETech, FinTech, LegalTech, Smart Cities, Smart Homes, Internet of Things / Internet of Me, and Blockchain.

CARPE DIEM

Significantly, two events this week (2Q2016 / WK 20) will address Blockchain in Real Estate. Would anyone in Boston / Cambridge like to meet offline for some or all of today’s event via Twitter or any Livestream, Blab or Periscope that event organizers might share?

05/17/16: International Blockchain Real Estate Association Conference

Matt McKibben from Ubitquity.io will be in town to participate in this MIT event. Should we invite him to demo their blockchain solution for title? If so, are there people we should invite from the #RE2020 ecosystem to expedite adoption / expand awareness?

05/19-20/16: MIT World RE Forum (includes “edge track on blockchain in real estate”

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#RE2020 INNOVATION SCOUTING LOG

Our the past four weeks, we’ve scouted #RE2020 trends and innovations at nine events — seven in person and two virtually:

ATTENDED VIRTUALLY

04/25-28/16: VRM Day / Internet Identity Workshop (IIW)

05/02-03/16: Concensus 2016 (Blockchain conference in NYC)

ATTENDED IN-PERSON:

04/16/16: MIT FinTech Conference

04/22/16: MIT Future of Cities Conference

04/17/16: Real Disruption

05/6-7/16: Global Legal Technology Lab

05/09/16: OurAgingMarket.com

05/11-12/16: National Association of Realtors Mid-Year conference

05/12-13/16: RE.Work Connected Home Summit

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COMING EVENTS

What events should we watching or attending in coming weeks to continue to monitor changes in the #RE2020 ecosystem?

WEEK 21: 05/22-28/16

WEEK 22: 05/29-06/04/16

#RE2020 DEBRIEFINGS

For the past two decades, the Real Estate Cafe has hosted technology debriefings after major technology events. We’re currently updating our ongoing list of Best of Breed money-savings apps and the reVRM-Minifesto we first drafted in 2010. With that in mind, we’re pleased to learn that Doc Searls, of ProjectVRM or Customer Commons, is drafting on The Castle Doctrine that will address the use of personal data in Smart Homes.

If you’d like to cocreate the emerging future in real estate, join http://bit.ly/RE2020pen or follow what others are doing via #RE2020

Posted in Best of Breed, Blockchain, Consumer protection, Disrupt Real Estate, IoT: Internet of Things, RE2020, RECALL: Real Estate Consumer Alliance, reVRM, Tech Trends, VRM

How will AirBnB’s move expedite, expand uses of Blockchain in Real Estate?

AirBnB_Blockchain_041316

Eager to see what kind of ripple effects this news will have at the upcoming VRM / IIW conference, and PersonalData and blockchain communities in Boston and beyond.  AirBnB’s acquisition and 17 million users certainly raise this question:

How will AirBnB’s move to adopt blockchain expedite, expand uses in real estate?

http://qz.com/657246

Excerpts:

“…blockchains might allow Airbnb to share its user profiles with other companies. “The question is whether there’s a way to export [a user’s reputation] and allow access elsewhere to help other sharing economy models really flourish

could become a trusted form of digital identity, a bit like the profiles that credit bureaus create for individuals. If these identities can be “exported” to other platforms

potentially hugely useful, ways of using blockchains, such as door locks that open or close when a user sends money to a homeowner over a blockchain…”

Market-making implications

Last Spring, the VRM / IIW community recommended setting up a working group to explore VRM as a “market maker in real estate.”  To get that started, hosted 1st real estate unconferences in Boston and set-up Loomio site to form subworking groups.  See thread related to blockchain in real estate:

http://bit.ly/DiscussBlockRE (share via social networks)

To reach the masses, using hashtag #RE2020.  Hope to expand awareness of money-saving options for “ordinary” homebuyers, sellers, renters, etc. by asking “Where will real estate be in the year 2020?”

http://bit.ly/RE2020 (share via social networks)

Start chatter offline

If you’re in the Boston area, want to meet to discuss the implications of AirBnB’s move over beers? Follow #REonTap for details

Posted in Blockchain, Disrupt Real Estate, Personal data, RE2020, Real Estate Roundtables, RECALL: Real Estate Consumer Alliance, reVRM, Tech Trends, Unconference, VRM

Beyond rethinking, reset real estate ecosystem by 2020

As I write, the students from Harvard’s law, business and design schools are co-hosting a Real Estate Weekend inviting students and innovators from around the country to rethink real estate.  Four years ago, the National Association of Realtors engaged tens of thousands of their members in interactive workshops entitled: RethinkFuture.

Both efforts reflect a growing awareness that real estate is changing, a recognition that’s attracted $3 billion dollars in investment in the past three years.

That number is tiny by comparison to what’s at stake:  a potential $30 billion dollars annually in consumer savings.  How do consumers — ordinary home buyers and sellers, not to mention a generation of Millennial challenged by unprecedented housing costs — get there from here?

#RE2020:  What will real estate look like in 2020?

Last weekend, a number of collaborators launched a bold experiment — a cross-sector unconference to ask, “What will the real estate ecosystem look like in the year 2020?”

http://bit.ly/RE2020_1Q2016

Our goal is to reform / co-create a real estate ecosystem capable of delivering BILLIONS annually in consumer savings by the year 2020. With smart homes, smart cities, wearable devices, blockchain, drones, robots and more, the real estate ecosystem is expanding and new players are changing the existing business model.  In fact, a year ago the Realtors own strategic planning committee published a list of 50 ways the industry is vulnerable to disruption,:

http://DANGERReport.com

GAME PLAN

Last weekend was the 1st in a series of unconferences and other events leading to November 2018, when the National Association of Realtors host their first annual convention in Boston. If anyone would like to follow our attempts to reform / disrupt the industry:

1. Follow / use #RE2020 — http://bit.ly/RE2020;

2. Join one of the working groups on our collaboration site:

http://bit.ly/RE2020_OpenInvite

3. Help identify ways we can work through existing organizations and MeetUp groups in Boston and beyond to transform this multi-trillion dollar industry.

CALL FOR COLLABORATION

Realtors know that the real estate ecosystem is changing, and if you look at their DANGERReport as an opportunity, we’d like to invite you to collaborate on coming events, including #RE2020’s next unconference.

The slider above shows a sample of them.  For more information, follow http://bit.ly/RE2020

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