AI or Bust in Seattle's Real Estate Market
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- Опубліковано 7 лют 2025
- From real estate to space, Seattle's tech scene is awash in A.I. Hello World's Ashlee Vance meets up with Redfin CEO Glenn Kelman and Rendered.AI CEO Nathan Kundtz for the latest.
Watch more Hello World in the Pacific Northwest:
Part One: Visiting The World's Most Curious Human
• Meet The World's Most ...
Part Three: The World's Smartest Robot Is Living in Vancouver
• The World's Smartest R...
#helloworld #seattle #bloombergquicktake
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Missed the first part of Ashlee's visit to the USA's Pacific Northwest? Check it out here: ua-cam.com/video/-woGAoTXdjE/v-deo.html
We need to start regulation before all the corporations buy everything up after the crash.
I love how my rent in Seattle has gone up by $1000 in the past year, even with the 2 year no eviction and no rent raising policy due to covid. This is insane. To stay in our homes here we have to make $6k a month or leave. Essential workers are being kicked out of their homes. Thanks for being for the people Seattle.
Put your seat belt on. New tax assessments coming soon. The city sure doesn’t look like we pay thousands of dollars in taxes though.
You can buy a brand new apartment in Mexico for like 40k. There’s so much opportunity if you want to get out of the rat race of America.
welcome to china
Cry us a river: No sympathy for idiotic Demorat voter's that were marching streets for Buy Lotsa Mansions, cheering riots on for a "Summer of Love". You voted for the insanity.
Hey there, this is a year back… Intrigued over your comment on this video and wondering if rent has improved at all for you. Just intrigued over this story.
Warms my heart when I see Redfin and Open Door homes, overpriced and sitting on the market
The smugness of Glenn Kelman zipping around in his Tesla "fixing" the housing market in Seattle.
😂
And act like they are doing us a favor.
I thought it was just me lol
This housing bubble cause the rent price going up like crazy. I can't win market like this... this is lose lose situation.
lol, the crew trying not to be visible in the back seat at 2:26. Doing a great job Greg!
stopped the video to check out the comments :D
I personally hate how homes have turned from a shelter into a product..
Well said.
Ugh, what are you from 2000 BC?
Well, they say there is a shortage of homes (and all the things they need to build them including the land). As the costs go up, they get more expensive.
“No one can afford housing.” Proceeds to talk about an algorithm for a company that can assist with the buying and flipping of homes for a profit.
Reporter probably wanted to bash Amazon and then bash RedFin, but Glenn was too nice and charming to bash.
Kudos to the audio guy that tried to hide from the camera in the car the entire time, talk about dedication
Yes, Vancouver does look like Hong Kong because basically it is a suburb of Beijing--where international students come to not join the high tech industry but to buy real estate for their parents. I'm rather surprised that Vancouver is being thought of as a high tech center considering how low the wages are and really how few jobs there are in this area--I know this from the students who graduated in Computer Science and haven't been able to find good jobs. Vancouver, is however, a drug addiction city with fentanyl industry with imports from China and Mexico.
vancouver forbid foreign investment?
Why would anyone come to Vancouver for high-tech industry?
It doesn't actually exist.
Nothing makes me roll my eyes harder than "silicon valley north"
More like H1B parking lot
I find it pretty sad that you label a whole city as a drug addiction city. Yes there is a drug addiction problem set up by a super far left liberal government that has gone off the rails. But the city is beautiful and we protect its nature and value its eco systems and in this global warming era we try our best to conserve the beauty of animals sea life and nature. Look to nature when yiu come to vancouver not Beijing.
As a Seattle native this video makes me feel physical pain.
The bubble is going to pop right now when credit gets more expensive with high interest rates, couple with high inventory build up, and add a reccesion in the mix, home prices will come down. And it doesn't matter how pretty the cabinets are if you can't sell the house in a no buyers market.
Inflation is 2x of that in the 80s and feds raised interest rate by 18% back then. Imagine how much the fed will raise have to raise this time. Hurricane coming indeed
That is key, there is not excess inventory. Builders are not building as much
wow, what a great solution to increase house prices so no-one but the ultra rich can buy them. that will definitely benefit society.
Is this episode about Seattle housing market or about Redfin? Misleading title and absent CoI disclosure
This is BLOOMBERG LET’s not forget what a dishonorable guy he is while he pretends to be this humble billionaire while really doing nothing for anybody. I am a New Yorker.
Maybe the CEO was unaware of this, but when the British so-called "negotiated" the return of Hong Kong with China back in 1985, millions of Hong Kong residents fled. Vancouver was one of the top destinations within her majesty's crumbling empire for residents to emigrate to due to its closeness to HK & the fact the Seattle Outlet Mall was an easy drive across the border to find bargain shopping of nearly every known designer. The largest of its kind on the west coast. Savings alone paid for the trip & Vancouver residents couldn't resist what HK citizens were willing to pay for their homes. British Columbia citizens cashed out & moved to Alberta as fast as Hong Kong moved in. It began a wave of Asian emigration which still exists, & naturally led to high density planning Asians are accustomed to & Seattle is not. What HK emigrants were not accustomed to was a lifestyle where they held a low economic self-worth & they would have to wash their own cars & mow/garden their own lawns. While they were thankful for the ability to move out of the Hong Kong high rise, not having the availability of desperate Chinese peasants crossing the border to earn money doing the cleaning was something many had difficulty dealing with & returned to Hong Kong. I read a newspaper report of a HK emigrant who drove his car into his garage to save him the embarrassment of washing it in public & he broke down & cried. The Pizza Palace he purchased selling his Hong Kong business wasn't enough to give him the lifestyle he was accustomed to. Servants were unaffordable. Still, it did not dampen the wave of Asian emigration to Vancouver. Its only natural economic disparity follows but socialist programs to give more opportunity to Vancouver residents forced out of their city in Canada than they do anywhere in the United States.
In Seattle the food service industry has great difficulty finding workers because you cant afford to live in Seattle under such a wage. Gasoline prices hammer the nail in the coffin for those who commute. Economic disparity has forced so many into homelessness into living within a lifestyle of drug addiction & crime which after 2 years there is little hope of saving the victims. While the city, county & State claim they are helping, in all reality they are simply providing food & medical to anyone & temporary housing to a selected few. They refuse tiny housing, refuse RVs, simply said they refuse affordable housing & refuse to acknowledge they are the cause of economic disparity by planning & building for those wealthier & now the middle class have become the new poor in Seattle.
In Hong Kong they build for everyone. Because there is money to be made even from the poor. However, the cheapest "rent" in Hong Kong is $500/month. This provides a box inside a high rise building the size of a huge coffin with enough space to sit upwards, lay down & stretch, but not stand, enough space to store a couple of backpacks for storage & a ladder in case your box is above another box. You share a communal bathroom & kitchen under strict rules. THAT is affordable living in Hong Kong and Seattle can't even offer that because they call it barbaric. Instead their system forces people onto the streets to live in a downspin spiral into Hell & Seattle throws their arms into the air & wonder why so many homeless are on the streets OR simply ignore them as if they do not exist ...like this video does! Its outrageous.
It is true what extreme regulation in housing market can do to people's lives and careers. Imagine if Seattle was zoned for dense housing, we could have 5x more people in the same area, all working and making bank.
the exact same story is in San Francisco as well, you could literally replace Seattle with SF, it’s sad reality
"...This provides a box inside a high rise building..." - I find this disappointing. I'd imagine many motivated people with a bit of hustle would gladly pay $500/month for a "huge coffin" as a launching pad in order to start building wealth. Living like goats is fine as long as you know it's a temporary step to a better future. I know this from personal experience. My wife and 3 children bought our house in an A-class neighborhood in the SF Bay Area. We (the five of us) moved into the master bedroom and rented out the remaining 4 bedrooms. We lived like goats for 2.5 years, but now my 3 kids each have their own bedroom as we no longer need the extra money. When my kids buy their first house, they will live in the living room or laundry room and rent out all bedrooms for 2 or 3 years. They realize this initial short suffering is worth it to own a house without needing any roommates.
The Redfin CEO might be driving up the price of real estate to the point families can't afford homes, but at least he's super woke and doesn't like Jar Jar.
My thoughts exactly
What a cringey knob this guy is
Is it just me or the guy in the backseat trying to hide is really distracting?
Forget the real estate aspect, the part about synthetic data was really fascinating.
In fact if you use machine learning models to build data set then train on that, the model you generate will have implicit correlation with the model they use to generate the data set. It sounds like a scam, the synthetic data is like a questionnaire given by teacher model, while the users model is just trying to guess teacher model instead of to learn features in real life.
@@amzndeliveryguy5650 That's What I am thinking, He is very likely to introduce bias to the model. I believe he must have aware that, but does he want to solve it thats other question
@@amzndeliveryguy5650 That's exactly what I was wondering when he talked about the x-ray simulations. Making proper synthetic data as in input for AIs to learn how to interpret real data is something I'd be really careful about and cross-check several times. Maybe even make an AI to test whether you can discriminate synthetic data from real data.
Otherwise you might just spend a lot of money for data that makes your AI detect render artifacts of a blender gun model, but doesn't actually detect real guns.
I liked when the Redfin CEO expressed concern that there might be problems within his organization that people fear bringing to his attention. The fact that he’s worried about it reduces its likelihood. I think he’s a good executive.
Somebody should have told him that buying homes and flipping them at large scale with algorithms would be unpopular with people who just want regular people to have homes to live in.
He’s an immoral creep.
Most international students choose to study in Canada because it’s cheaper than the US. After they gained Canadian PR or Citizenship, they would move and work in the US. The US is their final goal and destination!!!
Redfin CEO low key dodging questions.
The whole model of Redfin is to attract wealthy home flipping investors to come in and purchase homes for profit in crazy market where people are willing to buy homes for insane prices.
When he was asked if he wasn’t some rich guy trying to profit off of cutthroat real estate market, he deflected and started talking technology. Basically, it’s yes and he believes he can do it faster than the competition. And when asked about fair markets, he quickly pointed to mortgage lenders as the problem to racial inequality.
Redfin and other companies that operate like Redfin are becoming the reason housing market becoming so crazy which then fuels them even more.
The last part he was asked about people living and working in Vancouver. He said people would be reluctant to change their currency and become Canadian. I don’t know what Canadian immigration laws are but my brother has lived and worked in Japan for 11 years and he is still an American Citizen. I would imagine there are work visas in Canada. I believe it’s something most countries have, especially if your a democracy.
I thought the same as Redfin dude talked, that this is someone who is not contributing much value to society but gets rewarded for ruining housing markets.
Pretty sure you got the edited version of the interview.
I agree. The worst part, his company basically does digital redlining got caught said woops paid the lawsuit, and moved on. His whole business is bad for housing market Bad for people just trying to get a home. Makes a few people rich. On cosmetic improvements. Data can be used for good or evil this is evil use if data. All the while pretending to be the nice guy who doesnt know whats going on. Disgusting
You can get a NAFTA visa to work in Canada. Pretty easy for an American. The thing is Canadians come here to work, few Americans want to go North and have their income/cost of living ratio cut in half. Progressives yammer on about Castreau's Canada but will never leave their gravy train here.
Why would anyone look at Redfin scooping up inventory and raising prices as helping the housing crisis? This is nothing but a puff piece for one of the biggest offenders of the housing crisis
this entire video is a self admiring ad for REDFIN????
11:40 - Manufactured data feeding the AI algorithm by simulating the items and the packing technique, is quite an innovative thought.
Why is no one telling the CEO of Redfin that there is a guy hiding behind him in the car?
The CEO is awesome…however, I think this is a bad idea for society in part because they can buy a few houses in one area and manipulate prices.
They’d have to buy an immense number of houses in any given area to effectively exert enough influence to manipulate the market.
The problem is more the people that think they have to live in one area.
If Seattle is too expensive (which it very well may be), then why not go to a different city?
@@testthewest123 Maybe because one’s job is in Seattle? Or perhaps some folks do not have the financial wherewithal to move away from an area, and are forced into poor and poorer choices for housing in metropolitan areas such as Seattle. After all, even Seattle needs employees to work in schools, grocery stores, food service, hospitality, transportation, and all of the other necessities that don’t pay six figure computer programming salaries. Just telling those people to move away is blindly reductive, and does not even recognize, let alone attempt to solve the underlying problems with urban housing.
The OP’s concern of market manipulation isn’t entirely unfounded-although it has nothing to do with sites like Redfin. After the 2008 subprime mortgage debacle, investment banks and hedge funds purchased obscene numbers of foreclosure properties to be used as investment vehicles. That sort of mass speculative activity really does inflate market prices and puts pressure on renters and low-income families. Rental costs were increased dramatically in the years following 2008, even as housing prices did not-this was because of the way these investment companies used the available housing stock as hedges against falling mortgage rates and rising foreclosures.
Cities and states should have purchased these properties, and subsidized programs to place deserving families into them at fair prices. But the minority caliphate currently ruling America would never provide such a pragmatically compassionate program when short-term profiteering is an option.
The dude is lying through his teeth.
@@silverXnoise By voting with your feet and leaving or asking for higher pay, you send the message. Employers will either have increased costs or find no employees, making the city less attractive.
If businesses leave because of this, the attractiveness of the city is reduced and interest in real estate will wane.
This will hurt investors and land lords, that sit on homes and thereby force down the prices.
The only reason prices are so high is, because there are enough people paying them.
Also, there is no such thing as a "fair price" for real estate. There is only a price.
Taking jabs at CEO's and wealth then being friendly with the CEO of the company who is LITERALLY inflating real estate prices for profits. 🤦♂️
Real estate is an investment. Do you know of any person or company looking to purchase real estate? Are they intending to resale it at a deflated price?
Would deep price cuts on a property entice you to BUY it? Instead, wouldn't it actually make you apprehensive.
Undercut millenials with your mountains of cash, install new knobs on the cabinets, and sell the house for 4X the price that you bought it for 👍🏻 What a great business model
It's the very definition of a great business model.
Oh
U
Shut up
Cheers from west Africa
🦅
It’s immoral and should be regulated out of practice. Humans need houses not real estate agencies.
+ blame bezos and all is forgotten 😂
If you're correct then wouldn't it make sense to "overpay" for the same house over redfin's highest offer, and sell the house for 2X the price that you bought it for? As a home seller, if a regular buyer using a regular bank loan will offer $100k more than an all cash offer from a megacorp then I'd be dumb to not take the highest offer.
Yeah, let's position the ML-based real estate company that is optimizing for profits as the good guy here. CEO driving a model S plaid arguing he's not the bad rich guy that makes profits on min/maxing profits on homes. "Yeah the bad real estate agents are making these huge commissions, so we the good guys are going to actually just scale that and flip houses with max profits/minimum effort." Glenn, do you really think you can be a good guy when you have to show consistent growth YOY in the housing market to Wall Street? Do better next time Bloomberg.
housing should not be a commodity, this really shouldn't still be a pending conversation.
So, you believe everyone should only be allowed to rent with no hope of their monthly dwelling costs accumulating equity? or do you believe the government should provide housing for all of its citizens and just demand exorbitant taxes to cover the cost of maintaining existing structures while building property at a pace to match the speed citizens reproduce?
Absolutely.
I am shocked this CEO speaks more about Vancouver as a Tech Hub destination, than a city in the US where he speaks about the current R/E market.
2:26 I see you backseat guy!!!
wow.... I didn't ... awesome camo.... wonder if he got car sick
Redfin is exactly what's wrong with the housing market. The US government needs to get these institutional investors out of the market. Their only purpose is making a profit on the back of Americans. Disgusting!!
Yeah, we are experiencing a digital version of the industrial revolution. The economy of scales that can be achieved digitally dwarf what physical manufacturers can produce.
Hey, but healthcare has already been institutionalised and for profit driven in America / so why stop there? Same with food. Same with transportation. Same with education. So let’s ok to do it for housing.
@@joannabusinessaccount7293I think it's the end result of commodification of culture and neoliberalism. If culture can be commodified, anything can be commodified.
Chinese buyers accounted for 55% of the sales in the region six years ago. To them this area was cheap so they were coming in with all cash offers. People who work here didn’t really have a chance against the competition.
It's called capitalism. Why act surprised?
Of course he’s talking about moving shop to Canada- he only has to pay Vancouverites a fraction of what he pays Seattle employees. Classic tech company move. It’s what Amazon, FB and Microsoft have already done.
Not having to fight for H1B visas also help. He did mention that Canada is just more immigration friendly.
Sad thing is Vancouver has lesser pay and real estate prices are sky high
@@Obscurai The Commonwealth Act makes moving between countries of the former British Empire really easy, along with "family re-unification" being part of the platform . ie. PUNJABI is now the third most common language in Parliament!! AND you get citizenship in two years. Not enough time to tell that you're actually a full high level member.............of the Triads or 'Big Circle Boys". We even have a new wave of high money people coming from, of all places, MEXICO. But only the big cash people.
Vancouver bragged to Amazon for HQ2 that they had the cheapest "tech" talent in North America. Saw a job posting their recently for a Ph.D. in Chemistry...$60,000/year CANADIAN.
@@sameagletheregal8526 Disgusting. People need livable wages. Something has to change. We can’t go back to a serf economy.
But Redfin agents do make much bigger paychecks than their technology teams. Some mediocre Seattle agent makes 50k bi-weekly paycheck while their tech team engineer manager only makes 6k. Look it up, this is just from people that I know.
Umm, no. You’re grossly misinformed. Redfin realtors are some of the hardest working realtors who make the least for all their work. They make a small salary and earn bonuses from each closing sale. The bonuses are a tiny fraction of what they would have made if they were working with a different brokerage that didn’t pay salary/benefits.
If you have to get foreign tech workers while your citizens are living in RVs, your probably not doing something right!
Everyone making less than 150K a year is leaving the city; tech and crime make it uninhabitable.
Loved the Seattle area, but ended up moving out. Things just got so expensive.
I wonder how a successful and intelligent CEO would purchase something he doesn't like. Like a Tesla Model S with a yoke steering wheel at minute 2:10 he goes and critizeses Elon for the design. While Elon never forced him to spend thousands on dollars in a vehicle with a yoke.
Oh he is FORCED TO, remember his words.
I bought a house listed by redfin and I bought with redfin in south seattle. I’m just a young car salesman and the shopping process was insanely fast paced but my agent made it seamless and they didn’t sugar coat things. I won on my second offer and came in under market on top of a hill overlooking downtown with a massive basement. While the market is still insane I think alot of people don’t know where to start or where to look. You aren’t going to get your place in cap hill as a first time buyer making under 500k.
I work at CarlsJr food service. And Zillow agent got my into a house within two days in Seattle. The process was so fast. All I had to do was sign some documents.
I maybe the rare poster here. I do own a house near the stadiums and it is free and clear. In 2020 prior to the pandemic the house next door sold for $860K. In May 2022 tow houses down sold for $1.25 million. This is screws those of use who live here because it jacks up our property taxes and in turn forces poorer home owners to leave. My taxes have gone up about 20% a year for the last 5 years. I don't know how people can afford to pay their mortgages plus these higher tax bills. I too hope for housing to cool
I also forgot to mention I am in Seattle
Taxes prove we don’t own anything.
The guy sitting in the backseat hiding from the camera is hilarious
Here is my take on the Redfin CEO. If you really care about what Elon did to the steering wheel maybe just maybe not buy the car? If many people did that it will send a message across.
he just has to have the "latest and greatest" even if he doesn't like it. Pathetically keeping up with joneses.
I’m so glad Hello World is back!!!
2:20 guy inflating housing prices critizes guy sending us to space, combating climate change & treating neurological conditions
I'm Canadian and live in North Vancouver and it's paradise.
Vancouver is the next episode.
Parents buy you the house?
born ,raised and live in north vancouver...........not paradise.
Why is there a lady hiding in back seat? Anyone noticed her?
CEO's know about the sycophant issue, BUT CEO's are also human. If you have some people around you telling things you may not want to hear DOESN'T mean what they're saying is valid. Maybe George Lucas did have independent thinkers around him telling him "Jar Jar Binks is totally cool."
CEO's have to listen to themselves.
He said it; he’s after the highest “ROI”
Return on Investment
The simplest thing with the highest ROI is just updating the kitchen without replacing it😜. Ladies and gentleman, this is pure intellectual gold right there.
Hahaha. $2.99 door knobs. Cheesy looking plastic tub guards. A can of white paint = $40,000 update! Genius. He must thinks people are idiots. And he’d be right.
And “paint is *just transformative.”
Is this a Saturday Night Life parody?!?! Hahaha. This is pure comedy material gold!
Lol. The introduction is the best. I live nearby and the balls is hilarious. We call the building jeff bezos’ balls
Why is his bush inside his balls instead of on the outside of his balls?
😂
2:15 the yoke in my Model S is amazing. I now cannot stand cars with wheels. This isn't about Elon being "opinionated just to be opinionated" (and who knows if it was his idea, there are 100k+ employees at Tesla...Elon isn't on the front lines of every decision). It's a genuine improvement over the wheel. Ironically, that statement was just this guy being opinionated just to be opinionated.
i love how he wistfully talks about the zoning in VanCouver while his kind live on 30 acre estates.
IS this a long Redfin ads from Bloomberg?
Yep.
One bed room condo(670sq) payment is from 2560 to 3000 for 30 years in Seattle suburbs...People are getting greedy, they probably bought those house around 100000. They will not able to sell those with HOA fees. That is unbelievable! I have never paid that much money for 3 bed room house. I realized the Seattle is not for me.
vancouver forbid foreign investment now seattle real estate agents are learning mandarin
the Redfin CEO talking about how he's afraid nobody will tell him what he's doing run is truly cringe
they told the sound guy in the back he's fired if he shows up on cam
I brought my condo in Auburn. I wanted to buy in Renton but just couldn't afford it. Would never and could never buy in Seattle.
Where are the complaints of the taxes are too high?
nice video thought i was watching vice for a second
I was born and raised in Seattle. I had to move away because I couldn’t afford anything. Thank you tech workers for displacing natives. Not your fault but it sucks.
U're not even a native.
More contents about the synthetic data concept and companies working on it, please
Heard
Obnoxious cynical intro on the Amazon spheres. The one time a company decides to build something creative instead of bland boxes and you trash it and speak like a middle schooler talking about balls. Perhaps balls are the right metaphor but in a life affirming way: It does take balls to design and build something new especially with the cynics like the narrator. What makes a city interesting is that kind of uniqueness, which other cities like San Francisco have done so well with and we've just begun. Let's encourage it more, not less.
I live in Seattle and I love the spheres. Thank goodness for interesting design.
Those were Amazon's balls. They go with the rocket.
Why did the dude on the second row hide in the first part of the video and then did not in the second?
It makes me crazy
Btw, Canada overtakes tech destination for many people just because they have clever visa rules in comparison to US with their lotteries. So enyone can just go and work in Canada
Canada is awesome. People would still try to come here even if it was more difficult.
He has a fear of windows and was trying to get over it as the day went on. Pretty courageous
@@seanwebb605 Canada operates under the Commonwealth Act which treats sister countries (Australia, England, NZ, India, Kenya, Sri Lanka, etc. etc. ) with special preference.
@@Dwightstjohn-fo8ki Do you have a point?
These Ashlee Vance episodes are terrific!
That’s funny, people do tell Glenn, corporate just doesn’t listen to the agents.
Does the CEO of Redfin think he is a member of Mensa with his catchy responses?
How come he’s not wearing a Patagonia jacket but driving a Tesla?
Couldn’t stop paying attention to the sound technician blurred in the back of the car… Hahahahaha
Ashlee Vance is awesome
The CEO seems like a very likable person. He made his business very easy to understand.
"Im worried people can't stand up to Me" lmao one sneeze and the boy would fall over he a goofball I can hear it in his voice
hate realtors...they do nothing. try to get buyers to buy high for the value, get seller to sell high...
Well yea, they get paid commission
Ted Kazinsky was right about technology he just got the solution wrong…
The whole states housing market is so fucked right now.
We're not doing THAT much better in Canada, though we DO make sure on a provincial level almost everywhere that at least single mothers' and lady seniors are taken care of as the most vulnerable. The rest of us are pretty much on our own. I can live with it.
@@Dwightstjohn-fo8ki Canada's market is expensive absolutely everywhere, and higher on average than the US. Canada has the lowest housing stock per capita ratio in the G7. Too much immigration and not enough building due to extreme green regulations.
People dont look at the closing costs when selling a house. Because of Redfin I was able to negotiate a discount with my traditional agent.
I have always hated that the rich can completely saturate a town and leave NO affordable housing. It's just greedy. I have been looking for a home to retire in because the one I currently have I will not be able to afford once I retire. (I will be house poor if I do) I want to finally travel. Plus there are so many towns that require minimum square footage. I have looked into condos but I can't afford the monthly homeowners fee after I make the purchase. Seriously, I have been considering moving to Mexico. I can buy a home for 30k and live a comfortable life. Why have we gotten so greedy here??
I really don’t like videos that start with bashing businesses. We could talk about better distribution and better government policy around the wealth/disruption created by business, but killing the golden goose is the beginning of the end.
Thank you
11:27 in Seattle they also, probably, make matter out of nowhere. Because smart people gots all the smarts in Seattle.
"Fair Housing"? the dude is a millionaire making money by jacking prices up...Foreign capital continues to stream in untaxed. Casino markets abroad run up prices squeezing out locals. Oh yeah Kelman is such a hero. Pity the poor person who grew up here.
Anybody notice the random guy dressed in black hiding in the back of the CEO's car? WTF?
How tf is jar jar Binks racist? He literally a fictional alien. Lost me with this one
A fictional character cant be racist or judgemental? 😆🤦♂️
@@TotallyJoel only a woke Seattleite thinks of such nonsense.
Is this an Ad?
Reads like one
The more the government intervenes the more they screw things up. Sometimes it's intentional. If you think inflation doesn't benefit the govt in the devaluing of their debt and obligations then you need to study economics, the bond market, and how treasuries work. Billionaires know and benefit from this.
On my opinion it isn't a matter of cost. the truth, J mean, is that people are going more and more small, but homes' space is always the same. the space appears and is very big and expencise for small people. My thinking is a such simple.
Short selling Redfin could make you some serious money though 🤑
Prices are insaine even in rundown slum small towns. You are so wrong. I live in the middle of the Amazon campus and LOVE it.
Yeah yeah, great news for those of us who already own land, terrible news for everybody else.
And yeah, I got 2 acres spittin distance from Seattle and I ain't fuckin sellin neither.
You still gotta worry about jacked up taxes!
@@ThePathOfLeastResistanc Oh curses, taxes much cheaper than rent would be... whatever shall I do? Oh right! That's why we rent it out. Pays for itself, funny story.
@@aick your attitude is the funny story. We’ll see how the WEF allows you to keep profiting.
After hearing the comments of the CEO, I can see why nobody wants to get into a car with him
That little house is just that; little. One car garage and one bedroom and no room for kids. If that's all you need, get an apartment.
Be patient because the fissures of the inevitable crash have started to show. In other words, don't get suckered into purchasing now. If you buy now, I hope you intend on holding for at least 10 years.
Whoa, RenderedAI is a genius idea!
You should label this as an ad.
The balls are gorgeous in person. I was skeptical but saw them in person - just from the outside - but they are amazing.
That's what she said? JK 😝
Very bad job hiding the guy behind the driver's seat 😂😂
Reporter: So what does your outreach look like for the communities that you are buying in? Will you be helping out said number of families this year?
Video starts at 3:57 prior to that is 3 mins of fake laughs
As I was sitting back for 2 years waiting for this market to crash...
just watching 😳🍿
lol, blood boy. silicon valley is such an under rated show