Anyone else sick of hearing about the Battle of the Bids?
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[{"id": "i0ipdhk", "text": "Anyone else concerned this is training AI to think like brokers? I\u2019ve always been paranoid that\u2019s CoStar\u2019s final game. Not sure if this is my paranoia talking but it feels like asking all these brokers to analyze and make projections on varying projects would be a bunch of useful raw data", "replies": [{"id": "i0j5abo", "text": "Exactly This. I have been trying to figure out why they were doing this promotion, and your theory nails it. I hope that Comm RE Brokers do not participate in this gamification and data collection.", "replies": [], "depth": 2}, {"id": "i0jwma3", "text": "This is a fascinating theory. How to train AI to predict the proper cap rate. I thought it was to promote the auction platform because nobody was using it. I\u2019m thinking nobody wants to pay the 10-15% buyer\u2019s premium customary with auctions, but idk if that applies to their platform.", "replies": [{"id": "i0k2jgz", "text": "You know damn well they will have some stupid marketing thing that auctions out performed 50% of brokers expectations too", "replies": [], "depth": 3}], "depth": 2}, {"id": "i0k6vlm", "text": "Totally agree.  This potentially provides a ton of data points to simulate the market.  With this they can train algos to provide automated valuation models.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i0jjbvk", "text": "This is the first I\u2019ve heard of this! Link here for others: https://www.battleofthebids.com/rules\n\nNot a big fan of these companies. They are absolutely trying to \u201cmachine-learn\u201d the industry.", "replies": [], "depth": 1}, {"id": "i0k20bo", "text": "I mean this with absolute sincerity and from the bottom of my heart, but Costar can literally go fuck themselves.\n\nIf I had any half decent alternative I would cancel and never look back, but they've sued competition into bankruptcy, gauged customers, literally harassed customers for information and became the go to monopoly for subpar information.", "replies": [], "depth": 1}, {"id": "i0ko1rq", "text": "Check out the costar memes insta. Good stuff there too.", "replies": [], "depth": 1}, {"id": "i0lqwmq", "text": "Maybe their cap rates will be correct once and for all", "replies": [], "depth": 1}]