Key Points
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Uh Oh, the Chips are Down:
With a sudden drop in semiconductor production, home electronic manufacturers are scrambling. This chip drought has led to an increase in prices and extended delivery times forcing homeowners to choose between high-end smart homes and budget-friendly dwellings without the frills of AI-driven appliances.
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Turning the Tables in Real Estate:
Sarah Leary and Alexa Mavroyannis, ex-Nextdoor executives, create a hot new tech startup, Real Visionary. This company aims in turning real estate on its head with its new innovation – 3D digital home tours, making home hunting a walk in the park…literally!
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Brandy Melville in Hot Water:
The retail tycoon, Brandy Melville, renowned for its “one size fits most” marketing strategy, is under fire. Major real estate developers on the West Coast are reconsidering leasing agreements because of allegations of toxic work culture and discriminatory hiring practices.
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Millennials’ Paradise Lost:
With soaring home prices, the dream of owning a home is slipping away for millennials. Increased demand and limited supply have created a fierce battleground amongst buyers with millennials often on the losing side.
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Commercial Real Estate’s Tooth Fairy:
Dental real estate emerges as a stalwart of the commercial property market. Despite the pandemic, this niche industry’s resilience has surprised stalwarts and enticed investors looking for a worthwhile opportunity that doesn’t require pulling teeth.
A Quick Wrap and a Hot Take
We’re living in peculiar times, folks. Chips – no, not the delicious, crunchy ones we snack on. The dull, silicate kind – have gone on vacation causing mayhem in home electronics. Meanwhile, Real Visionary is promising to take us on a 3D ride of our future homes without us needing to step a foot outside our current ones! Real Estate’s turning out to be more twisty than a pretzel!
On another strange note, the young’uns are losing the house hunt – not to lions, but price tags! Ever so gallant, the millennials are trying to slay the real estate dragon with the blunt sword of their paychecks. And who knew dentists would be the knights in shining armour of the Commercial Real Estate Market? Guess their drill is mightier than the sword!
On a rather sombre note, the beloved “one-size-fits-all” brand, Brandy Melville, is roiling in hot water. It looks like its “one-size” doesn’t “fit-most” HR policies! Emphasising the importance of a non-discriminatory work culture in business, this situation should serve as a nudge (or maybe a hard push) in the right direction for businesses coast to coast.
To wrap this bizarro world update, remember, real estate isn’t just buying and selling properties anymore. It involves 3D tech innovations, a hard reality check for millennials, steady growth in the face of adversity (kudos to the dentists!), and a reminder of fair, ethical business practices. So, fasten your seat belts, set your chairs to a comfortable position, and keep your popcorn ready, because the next episode in the real estate realm promises to be an absolute blockbuster!
Original article: https://www.inman.com/2023/12/15/commission-suits-interest-rates-c-suite-departures-inman-top-5/
