Mon. 11/15 - Welcome To The Human Library

Cool Stuff Daily

Reggie Risseeuw and Marques Pfaff

Tech News, Society & Culture, Science, News

4.6 • 739 Ratings

🗓️ 15 November 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zillow is out of the iBuying game. What does that mean for its competitors and for the future of real estate? Plus, a look into the Human Library. And astronauts aboard the International Space Station were forced to take shelter in their return ships this morning due to on-coming space junk. Sponsors: Shopify, Get a 14-day free trial at shopify.com/kottke Tentree, Use code KOTTKE to get 15% off at tentree.com Links: Why Zillow Couldn’t Make Algorithmic House Pricing Work (Wired) Is that viral TikTok about housing market manipulation true? (Input) Redfin CEO explains how its iBuyer home buying program avoided pitfalls that sunk Zillow Group (Geek Wire) Zillow (Saturday Night Live, YouTube) This library lets you borrow people instead of books. It just may help bridge our bitter divisions (CNN) Space debris forces astronauts on space station to take shelter in return ships (Space.com) NASA was forced to change the orbit of the ISS due to space junk (Slash Gear) Space Station Space Debris and Human Spacecraft (NASA) Russia blows up a satellite, creating a dangerous debris cloud in space (The Verge) Kottke.Org Jackson Bird on Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:28.7	welcome to the conkey ride home for mond Monday, November 15th, 2021. I'm Jackson Bird today. Zillow is out of the eye-buying game. What does that mean for its competitors and for the future of real estate? Plus a look into the human library. And astronauts aboard the International Space
0:57.6	Station were forced to take shelter in their return ships this morning due to oncoming space junk.
1:04.0	Here are some of the cool things from the news today.
1:09.5	So a little bit ago, I got sent a TikTok from a Las Vegas-based realtor who, without exactly
1:16.4	naming names, accused that one app that many of us constantly frequent despite our better judgment
1:22.4	as using our data to manipulate the price of real estate. As input mag summarized the TikTok quote,
1:30.6	Sean Gocher offers a hypothetical situation in which a real estate tech company could buy up
1:36.8	30 houses in an area of high buyer interest at $300,000 and then buy a 31st home at $340,000.
1:46.2	Doing so would reset the going price for homes
1:49.4	in a given area at a higher level,
1:51.7	including the 30 previously bought,
1:54.5	potentially netting the company in additional $1.2 million.
1:59.6	The realtor first noticed eye buyers entering the Las Vegas market a few years ago,
2:03.7	before the pandemic hit. They then begin offering incentives in certain zip codes that they've
2:08.9	deemed hot areas. They use all the data they've accumulated to hyper focus on an area, he says.
2:14.8	In any negotiation, the person with the most data is always going to win
2:19.2	the negotiation, end quote. An ibuyer, by the way, stands for instant buyer, and is a company
	...

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