Marc and I spent the past two days in Chicago. A marvelous city! Big, grey and stolid but laced with flavor like a well-marbled steak. It’s like Manhattan without the bravado and San Francisco with substance. I hated to leave. Anyway: Our trip was filled with great discussions with smart people. One stuck with me [...]
Posts Tagged ‘Discount real estate’
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On the brighter side: 2 things that suggest a path for online real estate innovation in ’09
My post on online real estate innovation yesterday was pretty bleak. That’s still my sentiment, but here’s a counterbalance: I think the single biggest opportunity in online real estate in 2009 lies in improving our grasp on the real estate…
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The School of Redfin, Part III
If you’re in the “traditional” real estate brokerage business, make sure you send Glenn Kelman at Redfin a gift basket this holiday season. Make it one of those extra fancy ones, with the mini salamis and the macadamia nuts. I’m…
Sawbuck offers an “alternative” alternative brokerage model
Cut your commission, offer buyer rebates, rock the website, get that consumer religion … and, after a few hard-bitten years, fade away. Such has been the trajectory of nearly all discount or “alternative” brokerage shops for the past decade. Today,…
The school of Redfin, Part II
I wouldn’t use Redfin to sell my home. But I really like them. And I admire Glenn Kelman. I hope he and his company thrive. And carve out a nice slice of the market. For the company, and the man,…
Things that cost around $66,000
1 year’s tuition with room, board and flights home from Princeton A 2008 Mercedes GL320 CDI SUV A10% down payment on a luxury condo with panoramic views at the Rivage Tower in Panama A month’s vacation at Frégate Private Island…
Redfin: A gift from the venture community to traditional real estate
I’ve always had a very low tolerance for discount real estate bashing. It’s a slimy, stinking red herring. And one that serves the “traditional” industry poorly in the minds of consumers. It is unlikely Redfin will achieve dominant share in…
Heidi Fleiss and the future of real estate
The escort business has brokers (madams) who oversee a stable of independent agents (escorts) who deal in very expensive and intimate transactions. All kinds of escort services coexist; luxury brands charging $10,000 a session to independent brands with rates that…
$12 million we can all be thankful for
When I was at Inman News, an executive at NAR told me, during a period when we were reporting heavily – and sometimes critically — on their online listings policy, “If Brad Inman didn’t exist, we’d have to invent him.”…
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What do Betty Crocker, Kraft Foods, Monopoly and Target not have in common with real estate brands? They’ve created iPhone apps. These long-standing brands have plunged down the rabbit hole and into a wonderland where they have found a newer, cheaper, smarter way to connect and serve a generation of King and Queen consumers – [...]