There’s no denying it.
Technological innovation is here to stay.
Sure, it can vary in terms of degrees, but technological innovation is largely baked into the cake.
Humans are ingenious creatures that are constantly looking for ways to improve their lives. It’s in our very nature.
This innovative instinct is what brought man out of the caves all the way to the stars. However, there have been some impediments place on technology in the last century.
Namely, in the form of government intervention. One thing that made the West great was its respect for private property. When people’s property rights were respected, they could then be able to experiment with, develop, and profit from property.
When property rights are respected, people can then flourish in the free market.
However, when the state comes in and imposes regulations, picks winners and losers, and makes it difficult for people to operate businesses — big and small —, all sorts of chaos ensues.
At the same time, monopolistic companies that engage in sketchy business practices that thwart competition also hinder innovation. Moreover, these companies will use the state to create barriers to entry that keep competitors from entering the marketplace.
As a result, very little innovation is made when such companies are able to engage in such behavior.
In sum, threats to technological innovation come in all forms — private or public. It’s best that we be aware of this so that we can ensure our
Nevertheless, we should never discount the human spirit. As long as America retains a nominally capitalist system and its entrepreneurial culture stays intact, there will always be a strong degree of technological innovation taking place.
Yes, even in fields like real estate will also be impacted.
Steve Hoffman, the Chairman & CEO of Founders Space, believes that technology will also eat the real estate world.
Click this link here to learn how technology could potentially reshape the entire real estate sector.
P.S. Regardless of technological changes, housing is not going away anytime soon.
People will always need housing. It’s the center of universe.
Full stop.
And as an Empowered Investor, you should always profit off that.
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