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For anyone wondering, this is not a technical problem. It is a political/business problem. It's a solved problem to make a system that stores information about
by jungrothmorton 10y ago
For anyone wondering, this is not a technical problem. It is a political/business problem.
It's a solved problem to make a system that stores information about home listings and transactions. Other countries have done it. Yeah, houses are annoying because of all the weird combinations. But the thing is just a CRUD app.
This system still exists because of organizations that are based on information asymmetry. A small group of experienced people could make a really, really nice platform for sharing real estate data in a month and it would never get anywhere.
- jklein11 10y agoCould you give some more detail on what the political/business challenges are?
- bb611 10y agoThe biggest one is that realtors exist entirely because of regulation a the state level. After that is the extremely entrenched business interest in the status quo - a lot of people are making money off the current system, and any real disruption is going to cost 95-99% of the real estate industry their jobs. As noted elsewhere, the level of regulation is such that even offering better data to buyers/sellers has a lot of regulatory overhead, including physical offices with real people.
- rplst8 10y agoState? Try county! A lot of the public records for homes are held in county courthouses.