alt Hacker NewsThat statement makes sense for Eric Schmidt but not the random real estate executive. I'm pretty sure they're just taking their anger out at the nearest target
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smallmancontrov • today at 4:28 PM
Before GenAI came for their jobs, real estate was more extractive on the younger generation and it wasn't close: the median financed phone is $30/mo while median rent is $1500/mo. We generally find RE less interesting here because it has a scale ceiling and low returns-to-intelligence (compare Elon Musk to Donald Trump) but it's the oldest hustle and it never went away.
lol the real estate executive celebrating how they've using "AI" to destroy the housing market is maybe not just the "nearest target"