2008 Predictions

Real Estate 2.0 Predictions

Redfin will run out of money. Unable to raise another round, they will enter the TC deadpool towards the end of 2008. The company’s assets will be listed on Ebay and the reserve price will not be met. Glenn Kelman (CEO) will go back to school, get that MBA from Harvard and become an owner/operator of a Quiznos sandwich franchise. Subway sandwich artists around the country will cry foul.

Since every major real estate company that signed up with Trulia has now inked deals with 993+ me-too real estate search sites (including my 14 y/o neighbors startup), Trulia’s initial successes have become null-and-void. Agents and brokers will continue to feed their listings to as many sites as possible, making it impossible for Trulia to gain a competitive advantage or any real traction. Trulia will continue to operate throughout 2008 but Bjorn and Sven will sell cheap (2nd quarter 2009) and start their search for the next big thing (they will utilize heat map technology to discover their next endeavour).

Zillow will continue to display declining values to a shrinking pool of real estate masochists. Agents will realize that paying $0.01 per ad impression ($10CPM) to put themselves in front of the wrong audience is a losing proposition. Zillow investors will push the company to ramp up the marketing spend and we will see a Zillow commercial during the Super Bowl. Zillow’s revenues will not support an IPO and the company will be sold to Yahoo! towards the end of 2009 or beginning of 2010 for a small profit.

Craigslist will introduce a small fee to post in the real estate section. Everyone will pay it.

Greg Swann will start a cult. The BloodhoundBlog Unchained Conference is the opening he has been crafting in his head since he was 4 years old. All conference attendees will be deloused, forced to remove their shoes/socks and don a robe of hemp for the initial weekend of re-education. Their brokers will never see or hear from them again.


18 Responses to “2008 Predictions”

  1. Real Estate 2.x lives | Industry Notes Says:

    […] And makes semi-funny predictions for 2008. Perhaps the 2.x tongue has dulled a bit? […]

  2. rudy Says:

    i think 2.x is the real fake greg swann……

  3. toddwcarpenter Says:

    Back in the saddle! Right on!

  4. Elmo The Real Estate Expert Says:

    Great article on the real estate happenings, I really enjoy reading your posts. Just for your information, Donald Trump is in big trouble right now with his real estate empire. I hope everyone can pull through this slump!!


    Real Estate Professional

  5. 360Digest » Odds and ends Says:

    […] This guy’s back, after a months-long hiatus, with his predictions for 2008 […]

  6. Real Estate 2.0 returns from the dead with… « 4realz.net Says:

    […] 25, 2008 by Dustin …some cheeky predictions around Redfin (they go into the deadpool), Trulia (sell in 2nd quarter of 2009), Zillow (sell to […]

  7. Greg Says:

    Although wrapped in humor and sarcasm, there are some great points in this post.

    Trulia is over-rated, Zillow appeals to a certain (cheap) crowd, and Redfin has been buying (VC) time since it launched…

  8. ReBlogger Says:

    Love the humor, especially as some of it actually hits close to home. Back to reality however. Go check out Stefan Swanepoel’s latest predictions in his latest 2008 Real Estate Trends Report. His 2006 and 2007 versions were spot on and his latest edition was just released last week.

  9. GoldenCabo Says:

    Oh zillow. It jumps all over the place.

  10. Landflip Says:

    Although some of this information is quite humorous…there is a little truth in some of your predictions. I guess we will just have to wait and see!

  11. East Bay Real Estate Says:

    Well.. I holding my breath for some of these

  12. JJ Says:

    what you say is very unlikely to happen simply because the above mentioned sites will be doing just fine( as they did) after the short recession and will even have bigger profits by the end of 2010

  13. Blue Says:

    Good prediction. Posts in 2006, 2007–I guess you don’t want to predict their downfall again, do you?

  14. Glenn Kelman Says:

    Any update on this prediction?

  15. Richard Stabile Bergen County Real Estate Says:

    Well, Redfin is still around. Most brokers would of hope you were right.

  16. Knoxville Real Estate Says:

    Should I not be able to swing the farm anytime soon, in what areas of town can I find particularly good values right now? It’ll just be me and two dogs, so I don’t need something large or fancy, just safe. 

  17. Costa Ricahomesforsale Says:

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  18. nstreather Says:

    Hey there, I came across your blog post , can’t wait to read the next one. I also have my own tips of the trade, feel free to read it – you can find it here: http://realestateforyouallc.ipage.com/?p=129 – I can’t wait try these tips out in future

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