For the last 12 months I have been checking the real estate sector in close detail and have been indulging in all the happenings over in America and Europe.
Which to my surprise have been one of the worst years, and it seems to be just the beginning. Where in the USA, lots of company’s have gone down the drain and it seems to be happening here in Spain as well.
It is no surprise, that this “subprime” crisis has drag a lot of people projects, either software and housing developments in to standby or thrown all together out the window.
I think there is room for improvement and there are many opportunities in this sector. Many will be pessimistic and they are probably right, the markets wont be stabilizing any time soon. Neither are countries expected to be growing financially as expected, going backwards is the case scenario. Money is being withdrawn from investments in housing, but there necessities to be filled and digital divides to be closed.
By standing aside and waiting for the markets to heal, will not solve any problems, it will just make it worse.
Now that a new kind of media outlet is emerging, the so called “2.0″ era. But if your reading this, you know that era has gone down the drain with the markets.
You know why? Because it did not solve any “real” problems.
So what is era “3.0″……..semantic web and what not. That is jargon….if you tell me. Even thought there are a bunch of great technology’s being developed under this umbrella. For me 3.0 is:
- Solving day to day digital and physical problems for an individual, business, organization or group of individuals.
- It has to be an interactive application, not just read and write, but a morphing system, that learns through the process of communication.
- Data is something to be arranged by the system. I just put it some place, assigned some descriptions and the system takes care of it.
- Every body is the owner of their information and co.authors of the end result of “mashing” together all the data, in proportion of what they have been involved in the process.
How does all this relate to real estate, well for starters in the USA, you have the MLS dilemma, that is just such a pain to interact with and in the less developed countries you have no system at all for cataloging what has been developed.
The central nervous system is either to rigidly developed or none has been deployed.
I will be sharing my views on how we can solve this problem and some initiatives in the software business to tackle the necessities of this deteriorating sector. That by the help of technology and the financial sector not screwing around anymore(hopefully), will come back to life.
The era of “ReFenix” (i am using it in spanish), and like the mythical creature, grows………dies and out of the hashes it is REborn.