Greg Lindsay's Blog

July 04, 2018  |  permalink

The Property Voice: The Big Picture & Future of PropTech with Greg Lindsay

image

(The Property Voice, a UK-based podcast series devoted to real estate, interviewed me this spring. I’m unable to embed the audio here, but you can click through to listen on their site, or download an MP3 version. A short recap is below.)

***

Hello, and welcome to another episode of The Property Voice podcast. My name is Richard Brown and as always, it’s a pleasure to have you join me on the show again today.

I am joined on today’s show by Greg Lindsay, who is a journalist, urbanist, futurist, and speaker based out of New York. This week we let the reigns off a bit and venture into discussing the big picture, future housing trends and smart cities within the overall context of PropTech. If you want to know where the money is heading for the future as Greg puts it, then this one is for you! Greg is a very smart and interesting speaker, you will want to hear what he has to say…as much as what he doesn’t say…

The future of housing and how we live…here are some key themes, trends and takeaways from our discussion.

Megatrends can help to drive the future of property & PropTech – the shift to urbanisation, population growth, new mobility, energy-efficiency drives, health needs and technological advancement all featured as having an influence on our future property and housing needs.

Smart Homes & Smart Cities need to be more than just tech toys – Greg made the point several times that smart homes need to be more than an Alexa-enabled facility to be truly useful, such as being a part of micro-power hubs and connected to sustainable transport hubs. He also talked about the dark side of smart homes…

Community living will make a comeback – in pre-industrial times society tended to gather into small communities, which shifted towards individualism and the rise of the family as a community model over the past hundred and fifty years or so. The need to live more closely together and care for the elderly could give rise to greater community-based housing, be that through co-living buildings, inter-generational homes or more user-friendly homes for the elderly in the future therefore.

Technology can help us to connect better in a ‘real-time, real-place way’ – as Greg said, we have a surveillance society not a connected society right now. So, imagine how the technology behind apps like Tinder or Four Square could help to deliver relevant information about the people around us to help enable a sense of community living and camardaery.

Housing delivered as a branded, on-demand, consumer-oriented service offering will increase – several times, Greg made this point of the consumer demanding greater services delivered via different economic, sharing or crowd-based models throughout our discussion. Hospitality delivered by clever brands using new platforms sounds quite different to a landlord renting to a tenant they found on Gumtree doesn’t it?

The economics of real estate will also change – unaffordability, welfare funding and the demand for pay-as-you-use services will give rise to new models of funding and payment of property usage. Crowdfunding, Blockchain, big business or philanthropic-backed micro-communities and the charge by the unit approaches offered by Airbnb and WeWork are all examples of this emerging trend, starting within the commercial sector. In short, we might expect to see homes or properties become more of ‘membership asset model’.

In summary… mobility, liveability and collectively: some large players are now selling off suburban portfolios and instead focusing on the dense urban areas as ‘that’s where the money is’. As I always like to say…follow the money, then finding ways to densify cities seems to be where the money is headed.

Posted by Greg Lindsay  |  Categories:  |  Comments


About Greg Lindsay

» Folllow me on Twitter.
» Friend me on Facebook.
» Email me.
» See upcoming events.

image
Greg Lindsay is a journalist, urbanist, futurist, and speaker. He is a senior fellow at NewCities and the director of strategy of its offshoot LA CoMotion — an annual urban mobility festival in the Arts District of Los Angeles. He is also a non-resident senior fellow of The Atlantic Council’s Foresight, Strategy, and Risks Initiative, a visiting scholar at New York University’s Rudin Center for Transportation Policy & Management, a contributing writer for Fast Company and co-author of Aerotropolis: The Way We’ll Live Next.

» More about Greg Lindsay

Blog

July 16, 2018

CityLab Insights: The State of Play in Connected Mobility

July 16, 2018

Summer Camp for Urbanists

July 04, 2018

reSITE 2018: ACCOMMODATE Recap

July 04, 2018

The Property Voice: The Big Picture & Future of PropTech with Greg Lindsay

» More blog posts

Articles by Greg Lindsay

Medium  |  May 1, 2017

The Engine Room

Fast Company  |  January 19, 2017

The Collaboration Software That’s Rejuvenating The Young Global Leaders Of Davos

The Guardian  |  January 13, 2017

What If Uber Kills Public Transport Instead of Cars

Backchannel  |  January 4, 2017

The Office of the Future Is…an Office

New Cities Foundation  |  October 2016

Now Arriving: A Connected Mobility Roadmap for Public Transport

Inc.  |  October 2016

Why Every Business Should Start in a Co-Working Space

Popular Mechanics  |  May 11, 2016

Can the World’s Worst Traffic Problem Be Solved?

The New Republic  |  January/February 2016

Hacking The City

Fast Company  |  September 22, 2015

We Spent Two Weeks Wearing Employee Trackers: Here’s What We Learned

Fast Company  |  September 21, 2015

HR Meets Data: How Your Boss Will Monitor You To Create The Quantified Workplace

Inc.  |  March 2015

Which Contacts Should You Keep in Touch With? Let This Software Tell You

Inc.  |  March 2015

5 Global Cities of the Future

Global Solution Networks  |  December 2014

Cities on the Move

Medium  |  November 2014

Engineering Serendipity

New York University  |  October 2014

Sin City vs. SimCity

Harvard Business Review  |  October 2014

Workspaces That Move People

Inc.  |  April 2014

The Network Effect

Atlantic Cities  |  March 2014

How Las Vegas (Of All Places) May Be About to Reinvent Car Ownership

Wired (UK)  |  October 2013

How to Build a Serendipity Engine

Next American City  |  August 2013

IBM’s Department of Education

» See all articles