Real estate, real AI: Insights and decisions in the world's largest asset class - Strata Data Conference in London 2019 (2024)
Residential real estate is both the world’s largest asset class and most families’ single largest financial investment; thus, the intersection between big capital and big humanity is key to understanding this industry. However, despite the size of the industry, the processes involved in valuing, buying, selling, and understanding the rhythms of the industry are largely opaque.
Sources of data used by financial institutions are both public and private and, as with most data issues, can be seemingly infinite. Still, most of the automated and large-scale models for important elements like valuation are clunky and inadequate—easily seen when attempting to get an estimate for the “true value” of any house in the United States, or, for that matter, any other country.
Romi Mahajan explains how to determine real estate valuation and other related processes with accuracy and fidelity, using data streams, analysis, algorithms, and advanced AI techniques borrowed and derived from physics and computational genetics.
The largest and most important asset in the United States and the world is real estate. All private houses, high-rise buildings, office buildings, and other properties located in different parts of the world are valued at a total of USD 228 trillion.
Clearly, much of the country's wealth is concentrated in homes, making the real estate housing market the biggest asset class in the country and likely the world.
There was change in the top 10 this year, with only the top two biggest owners of real estate – China's Evergrande Real Estate ($273.8bn) and Canada's Brookfield Asset Management ($256.3bn) – retaining their positions.
What Types of Commercial Properties Are the Most Profitable? High-Tenant Properties – Typically, properties with a high number of tenants will give the best return on investment. These properties include RVs, self-storage, apartment complexes, and office spaces.
Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.
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