I’m in real estate and I keep hearing “Disruptive technology” in reference to industry concerns. Please explain.

Harvard Business School professor Clayton M. Christensen coined the term ‘disruptive technology’ in his 1997 best-selling book, “The Innovator’s Dilemma.” Christensen states that disruptive technology lacks maturity, often has performance problems, appeals to a limited audience, and may not yet have a proven practical application. As an unused, unapplied and untested alternative, it takes time for disruptive technology to be predominantly deployed.

However, because disruptive technology is new it has certain advantages, enhancements, and functionalities over competitors. This technology consists of ground-breaking products that significantly alter the way businesses or entire industries operate, and ultimately renders existing technology obsolete. Examples of disruptive technology are Email and Cell Phones.

Disruptive technologies are sometimes described as being simultaneously destructive and creative, with the power to change the way we work, live, think and behave.

We grieve: the California wildfires

We reach out with our hearts again this year to the victims of the recent wildfires in California. With so many still missing and camping out in makeshift tents, the need for assistance hasn’t ever been greater. Join us in giving to any of the following organizations, who have been confirmed to be providing near to 100% of your contribution towards helping victims.

CA Fire Foundation

http://www.cafirefoundation.org/programs/supplying-aid-to-victims-of-emergency/

Caring Choices

http://www.caring-choices.org/home.html

Humane Society of Ventura County

If you donate to the HSVC, 100 percent of your proceeds will go toward serving the animals in their care.

https://www.hsvc.org/donate

Charity Navigator

The highly-rated organizations listed on this page have received 3- and 4-stars and are confirmed to be working to provide relief to the individuals and communities affected by the devastating fires in Southern and Northern California. Donors may be able to designate their donations to the specific cause they wish by going to the organizations’ websites directly.

https://www.charitynavigator.org/index.cfm?bay=content.view&cpid=5456

Protect Yourself: the latest real estate scams

Want to learn more about the latest scams relating to real estate and home sales? Here are some great resources to get you started:

Tricks used by Mobile housing board email scammers exposed

lagniappemobile.com

This Sneaky Home-Buying Scam Is on the Rise. Here’s How to Spot It

time.com

Business E-mail Compromise: The 12 Billion Dollar Scam

ic3.gov

$12.5 Billion Lost in BEC Attacks, FBI Reports

wombatsecurity.com

Worker Training: Ramp It Up!

Economists love worker training, but companies are often reluctant to provide it. The benefits of training can walk out the door if newly skilled workers are poached by a competitor.

Near-record-low unemployment is one big reason companies are recommiting to training. With a U.S. jobless rate of just 3.7 percent in September and more than 7 million unfilled positions as of August, employers can’t find the people they need in the ranks of the jobless, and luring them away from other employers has gotten prohibitively expensive in some cases. “Your choice is always make or buy. ‘Buy’ is steal somebody else’s worker…

Read more at Bloomberg.com

 

Cresleigh: Changing Points of View

When a major builder, Cresleigh Homes, recently proposed a high-rise housing project at 16th and N streets, officials discovered the state’s protection act map included that site and precluded developer’s from going more than 10 stories high, even though the site is a half-mile from the Capitol dome.

“It seemed to be an anomaly, given how far it was away from the Capitol,” city community development director Ryan DeVore said.

Read more at Sacbee.com

Amazon invests in prefab startup focused on smart home tech

Today’s announcement of Amazon’s investment in Plant Prefab, a startup based in Rialto, California, comes on the heels of the company’s announcement of a new line of Alexa-enabled smart home devices, suggesting a potential new avenue of smart home development, experimentation, and expansion.

The new $6.7 million Series A funding round, which also includes investments from Obvious Ventures and other private investors, will support expansion and talent acquisition for the company, including senior hires and new factories operating on the company’s patented Plant Building System. The company current operates out of a 62,000-square-foot facility in Rialto.

Read more at Curbed.com

Calls From Across the Nation for Affordable Housing

“We need more cities to address the shortage of new homes being built at the entry level. That will take forward thinking at the city level to address the lack of new development at the affordable end.” 

Read More at OCRegister.com: 208 new entry-level condos, plus shops and restaurants, coming to Stanton

“As [Millenials age], we’re going to need more single-family homes and we’re not building (enough of) them right now”

Read More at YakimaHerald.com: Audience at Yakima homebuilders meeting hears concerns over affordable houses

“There is a hole in the market for new single, detached homes in the area in the $200,000 to $250,000 range”

Read More at DailyProgress.com: Area builders tackle challenge of affordable Augusta County housing