{"id":2055,"date":"2007-10-16T23:29:00","date_gmt":"2007-10-17T06:29:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2055"},"modified":"2007-10-16T23:29:00","modified_gmt":"2007-10-17T06:29:00","slug":"the-goal-of-any-billionaire-deflationary-abundance","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2055\/the-goal-of-any-billionaire-deflationary-abundance\/","title":{"rendered":"The Goal of any Billionaire: Deflationary Abundance"},"content":{"rendered":"

If you haven\u2019t subscribed to TED Talks videos on YouTube, then you\u2019re missing an advantage that some of the tech elite get months before we get a chance to see it online. So if you don\u2019t view it on the internet (via YouTube or on the TED Talks website), then you don\u2019t know what you\u2019re missing. Chris Anderson<\/a>, editor of WIRED Magazine, discusses the evolution of any viable technology and its four critical stages of evolution. I wanted to use this framework to discuss technology that has been introduced into the real estate industry and where it is in its evolution. As we’ve all heard \u201ckeep your friends close, but your enemies closer\u201d. So where is the next real estate billionaire going to come from? Technology?<\/p>\n

Stage One: Critical Price<\/strong><\/p>\n

The price of any new technology is stratospheric at first (the first DVD player was priced over $1,200 at first). Then, as the production increases and the acceptance from consumers takes hold, the price begins to decline to a \u201ccritical price\u201d that opens the \u201cflood gates\u201d of demand. This critical price coincides with the efficiencies in production to meet the spike in demand for the product.<\/p>\n

Stage Two: Critical Mass<\/strong><\/p>\n

The product was initially very costly to produce, but the increased demand has driven the production costs down to take advantage of economies of scale. The \u201ccritical mass\u201d coincides with more efficient production avenues that help drive market share for the product.<\/p>\n

Stage Three: Displacement<\/strong><\/p>\n

The product was originally conceived as an alternative to something else (something else that was too costly, too inefficient, too cumbersome, etc.) and that something else is losing market share to the new technology (product). The loss in market share will reach a point where the new product will \u201cdisplace\u201d the older, inefficient product in the minds (and hearts) of the consumer (i.e.: the DVD vs. the VHS).<\/p>\n

Stage Four: Deflationary abundance<\/strong><\/p>\n

The product has displaced an older, inefficient product and its appeal has become ubiquitous throughout the market. The final stage of this \u201cnew\u201d technology (product) is its mass appeal and the availability of cheap, mass production. The availability of the product will Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you haven\u2019t subscribed to TED Talks videos on YouTube, then you\u2019re missing an advantage that some of the tech elite get months before we get a chance to see it online. So if you don\u2019t view it on the internet (via YouTube or on the TED Talks website), then you don\u2019t know what you\u2019re […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-2055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":18576,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18576\/overnight-news-astute-billionaire-rich-barton-ceo-of-zillow-and-the-incumbent-of-everything-brad-inman-can-sell-out-takes-only-three-years-to-discover-he-sucks-at-selling-real-estate\/","url_meta":{"origin":2055,"position":0},"title":"Overnight News: Astute billionaire Rich Barton, CEO of Zillow and The Incumbent of everything Brad Inman can sell out, takes only three years to discover he sucks at selling real\u00a0estate.","author":"Greg Swann","date":"November 3, 2021","format":false,"excerpt":"Well. It turns The Incumbent has a calculator on his phone. Even billionaires can identify a stupid business \u2013 eventually. On July 19th, 2019, I took OpenDoor's business praxis apart in public, demonstrating all their foolish marketing errors. Hundreds of OpenDoor staffers read that article. I think Eric Wu's parents\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2432,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2432\/do-others-think-of-you-as-an-expert-you-must-be-getting-results\/","url_meta":{"origin":2055,"position":1},"title":"Do Others Think Of You As An Expert? You Must Be Getting Results","author":"Jeff Brown","date":"December 27, 2007","format":false,"excerpt":"Ever noticed nobody wants to know how you skinned the cat until they ascertain the cat was actually skinned? In baseball, they ask you if you won. Or if you got any hits. They ask about the details after they find out what matters -- results. These days so many\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1858,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1858\/flashed-cards-think-of-it-as-evolution-in-action\/","url_meta":{"origin":2055,"position":2},"title":"Flashed cards: “Think of it as evolution in action”","author":"Greg Swann","date":"August 26, 2007","format":false,"excerpt":"Allen Butler is a volunteer to this discussion, so please be gentle:Frankly, it needs an overhaul. I'm not real enamored of it any more. I used to think it was better than good...Don't blame Allen for this. Blame Adobe's John Warnock, who, more than anyone else, invented desktop publishing. I\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18091,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18091\/overnight-news-george-floyd-may-be-the-suburban-real-estate-salesman-of-the-decade-but-its-anyones-guess-what-is-happening-to-real-estate-values-in-the-rioted-cities\/","url_meta":{"origin":2055,"position":3},"title":"Overnight News: George Floyd may be the suburban real estate salesman of the decade, but it\u2019s anyone\u2019s guess what is happening to real estate values in the rioted\u00a0cities.","author":"Greg Swann","date":"April 30, 2021","format":false,"excerpt":"Redfin has more home-price ballyhoo this morning, but it answers none of my standing questions: Where is all this new demand coming from, and what so-far undocumented vacancy is it leaving behind? What is happening to real estate values in the core \u2013 not the ring suburbs \u2013 of the\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8334,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8334\/greg-swann-duty-honor-country\/","url_meta":{"origin":2055,"position":4},"title":"Greg Swann: Duty, Honor, Country","author":"Brian Brady","date":"May 10, 2009","format":false,"excerpt":"I wasn't born when General MacArthur gave \"the speech\", at West Point but I've read it a hundred times.\u00a0 I delivered it as an exercise for a public speaking class in college. Duty,\u00a0Honor, Country: Those three hallowed words reverently dictate what you ought to be, what you can be, what\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14941,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14941\/seasteading-who-is-john-galt\/","url_meta":{"origin":2055,"position":5},"title":"Seasteading: Galt’s Gulch for a new century?","author":"Al Lorenz","date":"August 16, 2011","format":false,"excerpt":"If Galt's Gulch is going to exist in this century, might it be called Seasteading? Peter Thiel has given $1.25 million to an initiative to create floating libertarian countries in international waters, according to a profile of the billionaire in Details magazine. Thiel has been a big backer of the\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2055"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2055\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}