The Real Estate Investing Podcast Can Artificial Intelligence Predict Land Prices?
Join the Apke brothers, Ron and Daniel, in an intriguing episode of "The Real Estate Investing Podcast," where they explore the intersection of technology and land investing. In the episode titled "Can Artificial Intelligence Price Land?", they dive into the possibilities and limitations of utilizing Artificial Intelligence (AI) in the realm of real estate.
As technology continues to evolve, its impact on various industries is becoming increasingly profound, and real estate is no exception. Among the emerging technologies, AI stands out for its potential to revolutionize traditional processes. But can it really price land accurately?
In this episode, the Apke brothers grapple with this question, discussing the potential of AI in determining land prices. They explore AI's ability to analyze large datasets, identify patterns and make predictions, which are critical in pricing land. But, they also highlight the complexities and nuances involved in land valuation that may pose a challenge to AI.
The episode provides a balanced view, considering both the advantages and potential pitfalls of integrating AI into land investing. It delves into topics like the role of human judgment and local knowledge, AI's learning curve, and its potential impact on the future of land investing.
Tune into "Can Artificial Intelligence Price Land?" for an eye-opening discussion about the future of land investing in the age of AI. This episode offers valuable insights for both tech enthusiasts and land investors, bridging the gap between technology and real estate.
TIME STAMPS
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1:25 AI has obviously made a splash in 2023, it's changing fast
2:39 But can it price land is the question because that's the hurdle.
3:04 Challenges of AI pricing land
4:46 The future, can someone create a good model that is fairly accurate all over the country? Non-disclosure states, east, west, etc.
8:55 Are we currently working on a machine to price?
11:58 There are models out there that we have tested, prycd - quick review
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SOCIAL
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