REAL ESTATE MARKET? AI WILL AFFECT VACANCIES & PRICES
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- เผยแพร่เมื่อ 8 ก.พ. 2025
- AI, ARTIFICIAL INTELLIGENCE, will undoubtedly affect employment in the Philippines and worldwide. BPO'S, Business Process Outsourcing, is big business in the Philippines taking up large sections of the commercial real estate office spaces and the employees are taking up many units in condos as well.
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Good evening Rod. I look back with great nostalgia to those days during 'co-vid' when I was able to view your real, pre-AI, walkabouts in Cebu while being restricted to Leyte. Unfortunately, now there seems to be hundreds of elderly 'vloggers' here in the PI, all enhancing their front page on you tube posts with attractive young women who appear to be rather unlikely to be real.
Thanks Richard. I think there were 6-10 expat vlogs when I came in 2015 and now probably 200. The AI save so much time, 2 seconds vs 2+ hours.
Interesting timing of Furniture City burning down just when the mega Mandaue Foam store opens opposite them!
My Filipina calls these "fire attacks" it is a cheaper form of urban renewal. It the quickest way to empty slums.
Look little closer, probably the same owner or family member that opened the new one…..
That thought entered my mind also.
@@AmazingPhilippines1 happens a lot when taxes aren’t paid or money is owed…. Same with other places….
So the pogos leaving and job loss to AI will make property values go down. You just never know when the bottom turns up though. Good video, Rod...Jim
AI effect will be global
True Jim. It will affect different areas differently also.
I have a remote job with an American outsourcing company and one of my most recent clients had a very, very convincing AI that answered the phone for him. He was hiring a Filipino only to set dispatch appointments, but when AI gets better, he will not need a human at all. If call centers are eliminated by AI, this will have huge effects on the economy. People here need call center jobs to afford a condo. I live on a small interior street off Hernan Cortes street and I like it OK, except for the traffic. The price is right, though, and I am near everything I need.
Good points Michael. Decca Homes off of Hernan Cortez?
@AmazingPhilippines1 No I am at the Daka 2 complex near Uling Roasters by the Subangdaku flyover.
If condo sales slow down, developers may have a hard time financing the completion of some that are still under construction.
Good point Gary as they use much of the "preselling" money to build is what I have been told.
Hi Rod , thanks for another great video, have you heard of city Clou , some realtor reached out to me on Facebook chat and asked me if I interested in renting in that area , is it a nice area / condo units?
Here is a video I did. Very large project going up quickly. th-cam.com/video/fjaqhiGKq2E/w-d-xo.html
Hey Rod I am in Cebu now, leaving out of town for a week or so, would love to meet you and shake your hand while I am here
Hi John, I should be available the 2nd and 3rd week of Feb. My email is AmazingPhilippinesdoitnow@gmail.com
Consider it done!!! Look forward to it!!! I will message you
wont need as much sales agents ai be doing it
if your gonna go for a L O N G walk .....you should wear , drywall stilts.....
I am one of many who does not like, or trust AI. I think it will be the death of social media and humanity
I’m with you!!
You are correct Brent. AI often gives wrong answers to queries.
I’m arriving in Cebu on 24 Feb. I’m looking to hire someone to help me find a nice condo rental with a good gym. Can you recommend someone? I’m looking for a one bedroom. I’m presently searching Agoda for a nice, but reasonably priced hotel for my first two weeks in country.
I have some info JD. My email is AmazingPhilippinesdoitnow@gmail.com
Improve their rental listing info.
I'll never buy real estate there.
Its a terrible investment.
Especially if you have to marry a Filipina...
How do you know if you've never invested in the Philippines?
❇️ Philippines 🇵🇭 needs to drive the tourism industry like Thailand 🇹🇭 has done in the past 30 years to create incomes ✅
Better incentivized visa system would help.
Isn't President Trump bringing call center jobs back to the United States?
He will bring the call centre mgt jobs back.
The lower level jobs will be replaced by AI.