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Old 03-20-2021, 06:52 PM
 
Location: Arizona
6,137 posts, read 3,827,252 times
Reputation: 4899

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Lots of capital going to virtual lots and houses, instead of tangible lots and houses.

Looks like with the scarcity of housing and investors losing out is no problem.

Why go through all that trouble building a new home and gong through the construction process for a very low profit margin when one can build an augmented reality home and sell it for $500,000+.

They just create an augmented reality house or lot and sell it online.


https://www.youtube.com/watch?v=a8IB4RXII5s

https://www.cnbc.com/2021/03/17/crea...-reality-.html

https://www.pymnts.com/real-estate/2...-real-dollars/
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Old 03-20-2021, 06:55 PM
 
Location: Metro Detroit, Michigan
29,635 posts, read 24,652,162 times
Reputation: 28258
Someone offing something pointless and stupid is looking for even more pointless and stupid people to give them money for nothing??? What else is new?
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Old 03-20-2021, 07:17 PM
 
8,852 posts, read 5,319,575 times
Reputation: 5653
I'm pretty certain there are several electric car companies doing pretty much the same thing. Why someone would invest in this is beyond me.
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Old 03-20-2021, 07:23 PM
 
26,163 posts, read 14,790,914 times
Reputation: 14361
We live in the everything bubble. Thank you Federal Reserve.
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Old 04-15-2021, 04:54 AM
 
21 posts, read 11,775 times
Reputation: 25
As compared to this, virtual reality has a lot more things to offer. I recently read about the simulations manufacturers that create tech enabled products for companies and with the help of such products, companies are able to grow to another level. I read about the surface mining simulators and how they are super helpful along with being user friendly.
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Old 04-15-2021, 05:05 AM
 
Location: So Cal
10,009 posts, read 9,434,916 times
Reputation: 10402
Oh cool, I got a virtual bridge up for sale. A bargain at $5 million, any takers?
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Old 04-15-2021, 05:07 AM
 
13,291 posts, read 9,813,209 times
Reputation: 14253
Quote:
Originally Posted by VLWH View Post
Oh cool, I got a virtual bridge up for sale. A bargain at $5 million, any takers?
The Metaverse is coming. Virtual everything’s gonna be up for sale.
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Old 04-15-2021, 05:11 AM
 
26,163 posts, read 14,790,914 times
Reputation: 14361
But we supposedly aren't in a bubble.
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Old 04-15-2021, 05:12 AM
 
26,163 posts, read 14,790,914 times
Reputation: 14361
Quote:
Originally Posted by VLWH View Post
Oh cool, I got a virtual bridge up for sale. A bargain at $5 million, any takers?
I have some NFT tulip bulbs. Will only trade for tangible items.


Any takers?
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Old 04-15-2021, 05:13 AM
 
Location: My house
7,187 posts, read 3,389,668 times
Reputation: 7520
This is going to be the way of the future. People will have virtual wives virtual cars virtual pets virtual everything because life on Earth will be so horrible that who would want to deal with it. It's much easier just to ignore problems in reality and escape. I think that's why people do drugs. You won't have to pay for a virtual house it'll just be plastered with advertisements for various products that you could buy like the new type of plant-based supplement you can replace food with. It tastes just like a virtual steak
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