CW 479: Zillow Evaluations in Realty Times & Genetic Algorithms with Dr. David E. Goldberg Author of ‘A Whole New Engineer’

Creating Wealth Real Estate Investing - Archive Episodes 401-500

In today’s Creating Wealth introduction, Jason Hartman reads out loud about a Realty Times article about Zillow’s evaluations and gives his comments on this. He also talks about military drones, regular drones, and reminds the audience that you can still purchase Meet the Master home study courses on JasonHartman.com!

Dr. David E. Goldberg is today’s Creating Wealth guest. David has a background in civil engineering and is also an author who has written several books about engineering and computer algorithms. Jason talks to David about his most recent book, A Whole New Engineer as well as genetic algorithms, why there is a decline in engineers, and more on today’s episode.

Key Takeaways:

3:45 – Jason talks about when he first started in the real estate business.

7:45 – Single family homes appreciate a lot better than other real estate classes.

13:40 – Jason reads out loud a Realty Times article about Zillow,

17:25 – Zillow agents say their estimates are ‘just a good starting point’, but what does that mean?

19:12 – Reminder: if you have any comments or questions for Jason, you can now leave voice messages on the website.

20:10 – Appraisals and CMAs show the data points, Zillow does not.

27:15 – Jason introduces his guest, Dr. David E. Goldberg.

30:30 – Designing a kidney by hand is almost impossible, but by using nature’s genetic algorithms as a base, you can speed up the process.

35:10 – There will always be a good and bad side to technological advances.

40:00 – At one point in our history, engineers were seen as rockstars.

46:00 – Engineering is fairly uninviting and there’s bigger paychecks else where.

51:10 – When students feel trusted, they end up achieving a lot more.

Tweetables:

“In 5 years, a $1,000 computer will almost be equal to the power of one human brain. We’ll see if that comes true.”

“Some of these technology advances, machine learning, and AI are already being baked into IT systems that we use on a daily basis.”

“We want the next Steve Jobs, who wasn’t an engineer, but we want our engineers to be that guy who starts the next great tech company.”

Mentioned In This Episode:

Zillow.com

http://realtytimes.com/consumeradvice/sellersadvice1/item/32910-20150218-starting-with-zillows-zestimate-may-not-get-you-very-far

The Singularity is Near by Ray Kurzweil

NoFlyZone.org

DoNotCall.govThe visible hand by Alfred Chandler

http://bigbeacon.org/

http://www.amazon.com/David-E.-Goldberg/e/B000APHEJU