Interesting thread on ecommerce in real estate; brings to mind "legiibility" in a Jame C Scott "seeing like a state" sense : e-real estate will work best where things are already legible / standardized, and will, if it gets traction, incentivize standardization going forwardhttps://twitter.com/asymmetricinfo/status/1145698044345749506 …
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ⓘ Dogs don't have thumbs Retweeted Megan McArdle
2/ But once the e-RE becomes dominant there is more data: if naive algorithm A predicts that X should sell for Y, but it sits on the market too long, then more sophisticated algorithm B can use naive A + slow selling data to predict a different pricehttps://twitter.com/asymmetricinfo/status/1145699475215851522 …
ⓘ Dogs don't have thumbs added,
7:25 AM - 1 Jul 2019
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