The 'Crack Shack or Mansion' website will test you on your real estate savvy. You see, in Vancouver, Canada, real estate value assessments aren't easy. In desirable neighborhoods, housing prices come at a high premium, although with the drug trade being well hidden, some of these homes have become certified 'crack shacks,' which therefore reduce their value (duh?).
At the 'Crack Shack or Mansion' site, there is a picture game where you must guess whether the pictured houses fall into the 'mansion' or 'crack shack' category, which is a fun way to test your real estate savvy!
What's Driving This Trend
- Real Estate Perception Games
- Gamification in real estate for people to improve their real estate perception and knowledge.
- Alternative Home Valuations
- The emergence of new ways to value a property with regard to a home's surroundings and aesthetics beyond traditional methods like comparable sales etc.
- Housing Market Education
- Increasing demand and interest for the general public to understand the complexities of the housing market.
Who This Affects Most
- Real Estate
- Real estate industry could leverage gamification technology to create a user-friendly interface for the buyers to help them evaluate the overall value of properties.
- Technology
- Technology companies could create platforms that use artificial intelligence and machine learning to develop a unique value for how the property fits in and influence to its surrounding for real estate valuations.
- Education
- Education professionals and firms would be able to provide resources to the public to help them better understand the nuances and complexities of the housing market and home valuations.
