Metaverse impact on physical real estate? How will the future of real estate change the asset class?
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[{"id": "hq5ix25", "text": "It won\u2019t change much because the demand for actual real estate won\u2019t change much.  People are always going to need new places to live, and the availability of fake land doesn\u2019t change that.\n\nAlso, people who are investing in real estate tend to do so because they like stability, predictability, and it\u2019s ability to hedge against inflation.  Virtual real estate is none of those things.\n\nVirtual real estate and actual real estate are not related to one another, nor will the demand (or lack of) for one of them increase or decrease the demand for the other.  Virtual real estate is much more in line with crypto and will have a greater affect on crypto markets than it will on actual real estate markets.", "replies": [{"id": "hq5llnw", "text": "Good points. But what if you think about this even more. If many jobs will be created on the metaverse, who says that cannot make a dent into the office market years from now?", "replies": [{"id": "hq5r6b8", "text": "Thats just remote work and it already exist. Remote workers still need a place to live, places to buy food and they still enjoy seeing other people in the real world. Metaverse office space is unlikely to have any bigger effect than regular remote work. In my opinion.", "replies": [], "depth": 3}, {"id": "hq6a02r", "text": "Covid already dented the office market by making working from home common place.  \n\nAlso, I don\u2019t see mass jobs moving to the mega verse.  Labor for necessities is already short, and if there\u2019s a downturn in the economy, hyper inflation, or another form of economic hardship, the meta verse will be the hardest hit because it\u2019s the least essential.  It\u2019s a glorified video game, and people without expendable income won\u2019t be playing it.  However, they\u2019ll still need housing, food, clothes, etc. in the real world", "replies": [{"id": "hq6edf1", "text": "Agree", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hq76rfy", "text": "Would people need/want less space though? If more and more of your life is in the meta verse do individuals need as much space in the real world?\n\nIf you work from home and then plug in to the meta verse to socialize, location and size of living becomes a little less important. And what you own in the meta verse because a little more important.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hq5j8tl", "text": "It isn\u2019t real estate and it won\u2019t affect actual real estate at all.", "replies": [{"id": "hq6ocpn", "text": "This was my initial reaction but I stopped to think. \n\nIit actually makes sense. The Varjo XR3 literally simulates reality. Pair that with a quality hand controller and you\u2019d literally only have to leave VR to eat and fuck. \n\nNow a setup like that would cost $10,000+ now, but in 5-10 years it\u2019ll be more like $1000. At that point, you could realistically sell all of your other possessions and live in VR. \n\nAnd the only living space you\u2019d need is that of a large closet. \n\nNo point in purchasing a huge $10M-$100M home when you have it inside your VR closet already \n\n100sqft vs 2300sqft current average", "replies": [], "depth": 2}], "depth": 1}, {"id": "hq5qwk1", "text": "Coming from the industrial side of the business, how will Amazon deliver what I order in the metaverse?", "replies": [], "depth": 1}, {"id": "hq5rzsq", "text": "Hilariously stupid question. Gonna save this one for when I need a laugh. \n\n\"What am I missing?\" - You're talking about virtual fucking real estate.", "replies": [{"id": "hq5tqph", "text": "think longer term dude. 15 years down the line when that is what the new generation only knows. dont laugh so quickly. its people like you that get left behind. More than just \u2018virtual\u2019 dude. Do some research before commenting non sense", "replies": [{"id": "hq612e3", "text": "So funny you actually believe this hahah. As a broker &amp; attorney who focuses on tax and real estate law, I want you to remember this comment when you realize how silly your idea that this will change absolutely anything in Real Estate. \n\nCall Of duty &amp; fortnite skins don't have an impact on clothing/retail markets do they?", "replies": [{"id": "hq67n0l", "text": "I am not sure, just posing the question my man. I am asking how it is going to change, if it does.", "replies": [{"id": "hq6m2rk", "text": "As a career real estate professional, I can promise you it will have no effect. In your own words go \"do some research before commenting non sense\". \n\n\"Serious Genius\" is quite an ironic username hahah", "replies": [{"id": "hq6p6ev", "text": "&amp;#x200B;\n\n\"as a career real estate professional' psh. Like that gives you any credibility? I am also in the business... cmon man. actually formulate an argument", "replies": [{"id": "hq6u2xn", "text": "Haha bless your little heart child. I hate to shit on you - you say you\u2019re in the business but your post history paints you as a pathetically lost soul seeking professional advice from a multitude of real estate/finance/dating subs. I\u2019ll be your an analyst or property manager at best, you likely own little to no assets. Comparatively I own half a brokerage with just under 4300 MF units &amp; 1.5 million square feet of mixed commercial space, we are not the same.", "replies": [{"id": "hq7fsyx", "text": "Small penis confirmed. You definitely are a nobody seeking attention. \u2018Real estate professional\u2019 my ass. You\u2019re as immature as it gets. No one lasts in the real estate industry with an attitude like yours. And I can guarantee I own more real estate than you do by the way\n\nYou\u2019re just butthurt\u2026 you\u2019re going to get left behind in this industry if one question upsets you so much. Don\u2019t have time to debate idiots like you. Have money to make and rent to collect :)\n\nAlso .. There\u2019s no way you even own one building. I can guarantee it. Your comment history are all sports betting and drug channels (at least I\u2019m actually on real estate channels) You\u2019re an absolute joke and a broke ass lawyer who probably scored a 140 on their LSATS hahah. \n\nCome work for me.. I\u2019ll show you a thing or two about real estate investing", "replies": [{"id": "hq7hfai", "text": "Oooof 4 paragraphs? Didn\u2019t mean to strike your nerve THAT much \ud83d\ude02 \nYou and I both know you don\u2019t own a dollar of commercial real estate, you didn\u2019t even know how to get a listing until this year. If you were anywhere near southwest PA, you would know our company. I tutor LSAT in my spare time, fuck me for philanthropy right? \nEnjoy virtual real estate, remember this when it pans out :)", "replies": [{"id": "hq7smty", "text": "Please dude. No one who actually is making a dent in RE is talking about drugs and sports betting all day. You\u2019re a joke. I own one property that\u2019s probably worth more than your entire \u201cportfolio\u201d", "replies": [], "depth": 10}], "depth": 9}], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "hq6ce9j", "text": "Ok but everyone going into the Metaverse needs somewhere to access it from, and people need real life employment to pay for what they do in the metaverse. Office might take a bit of a hit but outside of that, you\u2019re crazy if you think the metaverse replaces the real world. It\u2019s a video game.", "replies": [{"id": "hq6ek4y", "text": "I agree. Neve said it would replace. See it as a supplement.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hq5w1wd", "text": "probably look more like domain speculating/patent/trademark speculation than re I'd guess.  \n\nI don't even know what this means.  Since fb renamed to meta or whatever I keep seeing this question.  Did they pay a bunch of people to make posts like this all over to brand the metaverse or something?", "replies": [{"id": "hq5wjty", "text": "No man I actually did research on this. It\u2019s a platform where you congregate with a VR set and get to experience concerts, go to casinos and hang out etc. big brands are getting into the space like Nike, Roblox, adidas and LVMH", "replies": [], "depth": 2}], "depth": 1}, {"id": "hq5wg6u", "text": "Can anyone post an example \"metaverse property\" just so some of us can get a better idea of what is even being talked about?", "replies": [{"id": "hq5wmu5", "text": "Look up decentraland", "replies": [{"id": "hq5x09x", "text": "thanks", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hq66ajt", "text": "If your looking to get out of your physical real estate to pursue the meta verse- DM me, I\u2019ll help you offload those assets !", "replies": [], "depth": 1}, {"id": "hq6i8x0", "text": "Real estate will be affected about as much as it was by Second Life or any other virtual land silliness; effectively zero.\n\nI hope this doesn\u2019t come off too strongly, but this whole thing is insane. The next economic correction will absolutely destroy all the suckers investing in NFTs, virtual land, and all this other garbage.\n\nContinue investing in things that have actual value because they can\u2019t be duplicated for free.", "replies": [], "depth": 1}, {"id": "hq6wmr9", "text": "This is a very good question.  The impact, I expect will mainly be for venues such as trade shows, offices, meeting spaces, weddings and parties. I'm def going to look into it. However, I don't expect much impact on residential RE and people will still want to do things irl.", "replies": [{"id": "hq7g26z", "text": "Agree. Thanks for the response here.", "replies": [{"id": "hq7jadr", "text": "You got a lot of negative feedback! It seems short sighted. It will be the wave of the future.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hq6x095", "text": "Unless we live in the matrix I don\u2019t think it will affect Real Property", "replies": [], "depth": 1}]