Brokerage Valuation: Focus on Company Dollar

There must be something in the water. I got three separate emails recently regarding publicly-traded brokerages. Two were on EXPI because they hosted an analyst day, and one was on Compass. Plus, there’s a lot of noise out there debating whether Compass is a tech company or a brokerage or whatever. Since I’ve been covering … Read more

Some Smart Rich People Have Reservations About Bitcoin

When it comes to Bitcoin becoming the world’s reserve currency to replace the dollar, it has a lot going for it. The price of Bitcoin has gone from $192 dollars in October of 2013 to $57,000 today. That’s an insane 29,587% increase in value. A lot of the world’s biggest investors have publicly mentioned their … Read more

The Notorious POD Ep 14: LEAP & The Role of the MLS in 2021

I recently listened to Greg Robertson’s Listing Bits podcast, the episode in which he discussed LEAP with Sam DeBord and Michael Wurzer. I thought it was a fantastic conversation, and got inspired to join in. But rather than writing some 5,000 word post, I thought it would be faster and easier to just record this … Read more

Inflation is a Situation

Have you guys been keeping up with the Archegos crash? That looks like an absolute nightmare. Everyone believed Archegoes was solvent as well but the second there was any miscalculation, they lost everything. Worse, the banks were left to squabble over who had to incur the losses. Credit Suisse took a 4.7 billion dollar hit … Read more

Building Blocks for Homes of Tomorrow

[Editor’s Note: Module’s Brian Gaudio was the guest on Episode 2 of The Blueprint Sessions. This is the accompanying essay, originally published as a members-only article for members of the GEM.] How will home design and construction processes change in the coming decade or two when car ownership isn’t a thing, grocery stores are irrelevant (since … Read more

Zillow is Not Your Competition: A Point from My Presentations

Happy Friday everybody. I’m back from the road, because, yeah, that started again. I wasn’t thinking of writing anything today, but then I heard the latest Randing and Raving from Bill Risser and Joe Rand. It’s an entertaining podcast because Bill and Joe are super entertaining guys. Go subscribe! In any event, the question that … Read more

Should We Wage a War on Wages?

As I’ve written about already, Millennials, recently dubbed the largest American population, are earning less and less of what their Baby Boomer parents did. Even with expensive college degrees, Millennials are still making less. What is worse, if you don’t have a bachelor’s degree, your earning potential is the same as it was in 1968. … Read more

Will Zillow become the Amazon of Real Estate?

Late last week, Rob and I connected and, once again, he gave me some feedback on my work. His latest recommendation is that I familiarize myself more with the current broker landscape. His June 2018 Red Dot on Zillow, Redfin and Realogy is where I have begun taking a deep dive. While I don’t expect … Read more