Some analysts say that 500,000 iPhones sold around the world this weekend. Goldman Sachs says its closer to 700,000.
Either way, before we know it, the whole world will be accessing the web via a browser on their phone. Real estate investors needs to understand the value of this sort of product. It means that hundreds of thousands, eventually millions, will be able to search real estate listings online, effectively making the global world of real estate that much smaller.
As you may recall, when the iPod first came out in 2001, it revolutionized hand-held music devices. Within months, it become a phenomenon and trend, so that if you didn’t have white earphones peaking out of your jacket, you weren’t as cool as the guy next to you, who did. The iPhone stands to take after its predecessor and change the way we view our connection to the rest of the world – including of course, the real estate market. As an active real estate investor, these kinds of trends not only interest me – they excite me for the breadth of what the future offers.
