Leveling the Playing Field One Data Point at a Time
Alright folks MrBeast here and you know I'm all about giving everyone a fair shot. That's why I'm stoked about what Fundrise is doing with RealAI. They're basically taking the fancy data that the bigwigs on Wall Street use to make bank in real estate and handing it out to anyone who wants it. It's like giving a loaded potato to everyone but instead of potatoes it's real estate insights.
RealAI The Ultimate Real Estate Analyst (Almost)
Fundrise's CEO Ben Miller isn't messing around. He says RealAI does the work of a real estate analyst but for a fraction of the cost. We are not giving away insane amounts of money but that's kind of what this is. For just $69 a month after a free trial you get access to 3.5 trillion data points. That’s every property in America. Imagine knowing everything about a property before you even think about buying it. It's like having a cheat code for the real estate market. Speaking of cheat codes you might be interested in reading about China's Economy Ain't Looking Too Hot Folks understanding global economics is equally important.
Beyond ChatGPT Real Estate Superpowers
Miller emphasizes that RealAI goes way beyond what you'd get from a general AI like ChatGPT. This isn't just about finding a nice apartment it's about understanding market trends neighborhood incomes and even the credit scores of people living in the area. It's like having X ray vision for real estate. We are talking insane amounts of data that'll give you the edge you need to make smart moves.
Democratizing Investing Mission Accepted
Fundrise has been on a mission to democratize investing since 2012. They started with crowdfunding for real estate and have grown into a platform with $3 billion in assets under management and over 2 million investors. The investment minimum is just $10. That’s less than a burger and fries. They’re basically opening up the world of real estate investing to anyone with a few bucks and a dream. It's like saying "Hey you don't need to be rich to play this game."
AI's Impact on Jobs The Inevitable Truth
Now here's the tough part. Miller admits that AI will cause job losses in the real estate sector. He says he hasn't let anyone go at Fundrise but has stopped hiring. This is the double edged sword of technology. It creates opportunities but also disrupts the job market. It makes the rich richer and it has a negative impact on the normal worker. That sucks. But Miller wants to make sure this technology is available to everyone not just the big guys. That's the MrBeast way that's doing everything we can and that's just the truth I want to do everything I can to help.
Being a Traitor to My Class
Miller whose dad was a real estate developer considers himself a "traitor to my class." He wants to disrupt the status quo and level the playing field. This is the right mentality that I am trying to adopt at all times to ensure we are doing the right thing and giving more than we are taking. He thinks technology is the best way to do it. And if I know anything its about making things bigger than they are meant to be and taking on challenges.
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