Latest / Connor with Honor: AI, Real Estate and Real Life / 2025 Real Estate Predictions: Santa Clarita, AI Insights & Hidden Costs

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2025 Real Estate Predictions: Santa Clarita, AI Insights & Hidden Costs · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: Welcome to the Deep Dive.
• 0:02
  SPEAKER_00: Today we're diving into the 2025 real estate market.
• 0:05
  SPEAKER_01: Oh, exciting.
• 0:06
  SPEAKER_00: But we're focusing on a specific area.
• 0:08
  SPEAKER_01: Okay.
• 0:09
  SPEAKER_00: Santa Clarita, California.
• 0:10
  SPEAKER_00: Got we've got an interesting source for this one.
• 0:13
  SPEAKER_01: All right.
• 0:13
  SPEAKER_00: A local realtor, Connor McKivor.
• 0:16
  SPEAKER_01: Oh, cool.
• 0:16
  SPEAKER_01: A local perspective.
• 0:18
  SPEAKER_00: He put out a video with his predictions.
• 0:20
  SPEAKER_01: Predictions, huh?
• 0:21
  SPEAKER_00: Not just any predictions, though.
• 0:22
  SPEAKER_01: Okay.
• 0:23
  SPEAKER_00: He's got some really insightful advice.
• 0:25
  SPEAKER_01: Oh, interesting.
• 0:26
  SPEAKER_00: About navigating this whole AI-driven real estate world.
• 0:31
  SPEAKER_01: AI.
• 0:31
  SPEAKER_01: Yeah, that's everywhere now.
• 0:33
  SPEAKER_00: Right.
• 0:33
  SPEAKER_00: It's a big deal.
• 0:34
  SPEAKER_01: I'm curious to hear what he has to say.
• 0:36
  SPEAKER_00: Me too.
• 0:36
  SPEAKER_00: And what I really appreciate about his approach, he doesn't just throw out the typical jargon, you know.
• 0:42
  SPEAKER_01: Some buy low, sell high stuff.
• 0:43
  SPEAKER_00: Exactly.
• 0:44
  SPEAKER_00: He actually gives some practical tips.
• 0:45
  SPEAKER_01: Oh, that's helpful.
• 0:46
  SPEAKER_00: Stuff you wouldn't find in like national reports.
• 0:49
  SPEAKER_01: So tailored to Santa Clarita.
• 0:51
  SPEAKER_00: Precisely.
• 0:52
  SPEAKER_00: And especially when it comes to AI.
• 0:54
  SPEAKER_01: I'm all ears.
• 0:55
  SPEAKER_01: Let's dive in.
• 0:56
  SPEAKER_00: Yeah.
• 0:57
  SPEAKER_00: He even compares starting a new year to hitting the gym.
• 1:01
  SPEAKER_01: Interesting analogy.
• 1:02
  SPEAKER_00: We're all gung-ho at first.
• 1:03
  SPEAKER_01: Yeah.
• 1:04
  SPEAKER_01: Full of motivation.
• 1:05
  SPEAKER_00: But it's consistency that matters.
• 1:07
  SPEAKER_01: So true.
• 1:07
  SPEAKER_01: It's about the long game.
• 1:09
  SPEAKER_00: And that applies to real estate too, don't you think?
• 1:11
  SPEAKER_01: Absolutely.
• 1:12
  SPEAKER_00: Yeah.
• 1:12
  SPEAKER_01: Especially in a market like Santa Clarita.
• 1:14
  SPEAKER_01: Right.
• 1:15
  SPEAKER_01: Where understanding those local nuances can make all the difference.
• 1:19
  SPEAKER_00: Totally.
• 1:19
  SPEAKER_01: Okay.
• 1:19
  SPEAKER_00: And that's where his emphasis on working with a local agent comes into play.
• 1:24
  SPEAKER_01: Show up words.
• 1:25
  SPEAKER_00: He believes all this personalized online information which seems helpful on the surface.
• 1:30
  SPEAKER_01: Yeah, it seems like it would be.
• 1:32
  SPEAKER_00: Could actually be creating an echo chamber.
• 1:34
  SPEAKER_01: Oh, that's interesting.
• 1:35
  SPEAKER_00: Potentially limiting our options.
• 1:37
  SPEAKER_01: It's like those targeted ads that follow you everywhere.
• 1:40
  SPEAKER_00: Could the same thing be happening in real estate?
• 1:42
  SPEAKER_01: It's definitely a possibility.
• 1:44
  SPEAKER_00: Right.
• 1:44
  SPEAKER_00: Steering buyers towards certain properties.
• 1:47
  SPEAKER_01: Yeah.
• 1:47
  SPEAKER_01: And overlooking others, maybe.
• 1:49
  SPEAKER_00: Potentially.
• 1:50
  SPEAKER_01: Yeah.
• 1:51
  SPEAKER_00: That's why having that local expert makes sense.
• 1:53
  SPEAKER_00: Who gets the market beyond algorithms is so valuable.
• 1:57
  SPEAKER_01: It can cut through the noise.
• 1:58
  SPEAKER_00: Right.
• 1:59
  SPEAKER_00: They give you that grounded perspective.
• 2:01
  SPEAKER_01: Help you see the full picture.
• 2:02
  SPEAKER_00: Exactly.
• 2:04
  SPEAKER_00: So let's get into his predictions.
• 2:05
  SPEAKER_01: All right, let's hear them.
• 2:06
  SPEAKER_00: For the Santa Clarita market in 2025.
• 2:09
  SPEAKER_01: Okay.
• 2:10
  SPEAKER_00: He's expecting an increase in inventory.
• 2:12
  SPEAKER_01: Hmm.
• 2:13
  SPEAKER_01: More options.
• 2:14
  SPEAKER_00: Which usually means things cool down a bit.
• 2:16
  SPEAKER_01: Right.
• 2:17
  SPEAKER_01: Less competition.
• 2:18
  SPEAKER_00: But here's the thing.
• 2:19
  SPEAKER_01: Oh.
• 2:20
  SPEAKER_00: He's also predicting prices will keep rising.
• 2:22
  SPEAKER_01: So up, but slower maybe?
• 2:24
  SPEAKER_00: Yeah, somewhere between three and eight percent.
• 2:26
  SPEAKER_01: Okay, so not a huge jump.
• 2:28
  SPEAKER_00: Right.
• 2:29
  SPEAKER_00: But still an increase.
• 2:30
  SPEAKER_01: So it's like a little bit of a contradiction.
• 2:33
  SPEAKER_00: It is bid.
• 2:33
  SPEAKER_00: Right.
• 2:34
  SPEAKER_01: How does that work?
• 2:34
  SPEAKER_00: It's not uncommon, actually.
• 2:36
  SPEAKER_01: Really?
• 2:36
  SPEAKER_00: Prices can rise even with more inventory.
• 2:38
  SPEAKER_01: Okay.
• 2:39
  SPEAKER_00: It all depends on that interplay.
• 2:41
  SPEAKER_00: Between supply and demand.
• 2:42
  SPEAKER_01: Of course.
• 2:43
  SPEAKER_00: And the overall economy.
• 2:44
  SPEAKER_01: Makes sense.
• 2:45
  SPEAKER_00: Now what about interest rates?
• 2:46
  SPEAKER_01: Oh, yeah, that's a big one.
• 2:48
  SPEAKER_00: He believes they'll probably stay stable.
• 2:49
  SPEAKER_01: All right, some good news.
• 2:51
  SPEAKER_00: But here's the interesting part.
• 2:52
  SPEAKER_01: I'm listening.
• 2:53
  SPEAKER_00: He emphasized that mortgage rates are tied more to the 10-year bond yield.
• 2:58
  SPEAKER_01: Oh, interesting.
• 2:59
  SPEAKER_00: And the Fed's rate.
• 3:00
  SPEAKER_01: So even if the Fed makes changes, it might not directly affect mortgage rates.
• 3:05
  SPEAKER_00: You got it.
• 3:06
  SPEAKER_00: So should buyers be watching the bond market?
• 3:09
  SPEAKER_01: Instead of the Fed.
• 3:10
  SPEAKER_00: It's definitely something to consider.
• 3:12
  SPEAKER_01: The bond market.
• 3:13
  SPEAKER_00: Yeah, it can be a more reliable indicator.
• 3:15
  SPEAKER_01: For the long term.
• 3:16
  SPEAKER_00: Exactly.
• 3:16
  SPEAKER_00: Of long-term interest rate trends.
• 3:19
  SPEAKER_01: I see.
• 3:19
  SPEAKER_01: That's really insightful.
• 3:20
  SPEAKER_01: Right.
• 3:21
  SPEAKER_00: This is where that deeper dive comes in handy.
• 3:23
  SPEAKER_01: You wouldn't get that from just headlines.
• 3:25
  SPEAKER_00: Exactly.
• 3:25
  SPEAKER_01: This kind of knowledge is power.
• 3:27
  SPEAKER_00: It really is.
• 3:28
  SPEAKER_01: It helps you make informed decisions.
• 3:30
  SPEAKER_00: Whether you're buying or selling.
• 3:31
  SPEAKER_01: Okay, I'm convinced.
• 3:33
  SPEAKER_00: Now let's shift gears a bit.
• 3:34
  SPEAKER_01: All right.
• 3:34
  SPEAKER_00: And delve into his advice about on navigating the AI side of real estate.
• 3:39
  SPEAKER_01: This is where it gets tricky.
• 3:41
  SPEAKER_00: Right.
• 3:42
  SPEAKER_00: Especially for buyers who are online a lot.
• 3:44
  SPEAKER_00: Exactly.
• 3:45
  SPEAKER_00: He specifically cautioned against relying solely on those automated online valuations.
• 3:52
  SPEAKER_01: Like from Zillow and Redfin.
• 3:54
  SPEAKER_00: Yeah.
• 3:54
  SPEAKER_00: Those sites, while they can be a starting point.
• 3:57
  SPEAKER_01: Yeah.
• 3:57
  SPEAKER_01: They seem helpful.
• 3:59
  SPEAKER_00: He pointed out they can vary significantly.
• 4:02
  SPEAKER_01: Oh, really?
• 4:03
  SPEAKER_00: Even when they're pulling from the same data.
• 4:05
  SPEAKER_01: That's strange.
• 4:06
  SPEAKER_01: Why is that?
• 4:07
  SPEAKER_00: It's all about the algorithms.
• 4:08
  SPEAKER_01: Oh, right.
• 4:09
  SPEAKER_00: And what factors they prioritize.
• 4:11
  SPEAKER_01: Each one's different.
• 4:12
  SPEAKER_00: Each platform has its own secret sauce.
• 4:14
  SPEAKER_01: And they don't tell us how it works.
• 4:15
  SPEAKER_00: Nope.
• 4:16
  SPEAKER_00: Not always transparent.
• 4:17
  SPEAKER_00: That's why it's crucial.
• 4:19
  SPEAKER_01: To have that human element.
• 4:20
  SPEAKER_00: Exactly.
• 4:21
  SPEAKER_00: To consult with a local expert.
• 4:22
  SPEAKER_01: Who can give you a reality check?
• 4:24
  SPEAKER_00: Right, based on their knowledge of the market.
• 4:26
  SPEAKER_01: That makes a lot of sense.
• 4:27
  SPEAKER_00: And speaking of local expertise, he had some really specific advice.
• 4:32
  SPEAKER_01: Oh, I like specific advice.
• 4:34
  SPEAKER_00: For buyers in 2025.
• 4:37
  SPEAKER_01: Okay.
• 4:38
  SPEAKER_00: Particularly when it comes to hidden costs.
• 4:40
  SPEAKER_01: Those can be nasty surprises.
• 4:43
  SPEAKER_00: They can.
• 4:43
  SPEAKER_00: Things that can catch people off guard.
• 4:45
  SPEAKER_01: Yeah.
• 4:46
  SPEAKER_01: You don't want that.
• 4:47
  SPEAKER_00: He emphasized understanding Melarus taxes.
• 4:50
  SPEAKER_01: Melarus?
• 4:51
  SPEAKER_01: What are those?
• 4:52
  SPEAKER_00: They're special taxes applied to properties in certain areas.
• 4:56
  SPEAKER_01: Got it.
• 4:56
  SPEAKER_00: To fund infrastructure improvements.
• 4:58
  SPEAKER_01: So like new roads and stuff.
• 5:00
  SPEAKER_00: Exactly.
• 5:00
  SPEAKER_00: He mentioned that a lot of properties In Santa Clara.
• 5:03
  SPEAKER_00: Yeah, built from the early to mid-90s.
• 5:06
  SPEAKER_00: Okay.
• 5:06
  SPEAKER_00: Might still have these taxes.
• 5:08
  SPEAKER_01: Oh, wow.
• 5:08
  SPEAKER_00: Which could impact a buyer's budget significantly.
• 5:11
  SPEAKER_00: That's a big deal.
• 5:12
  SPEAKER_00: It is.
• 5:13
  SPEAKER_00: He stressed that buyers need to know.
• 5:14
  SPEAKER_01: If they apply, right.
• 5:16
  SPEAKER_00: Not only if they apply.
• 5:17
  SPEAKER_01: Oh, there's more.
• 5:18
  SPEAKER_00: But how long they'll last.
• 5:20
  SPEAKER_01: Okay.
• 5:20
  SPEAKER_00: And what happens when they expire.
• 5:22
  SPEAKER_01: So it's not just about the upfront cost.
• 5:25
  SPEAKER_00: Exactly.
• 5:25
  SPEAKER_00: It's a long-term thing.
• 5:26
  SPEAKER_00: Yeah.
• 5:27
  SPEAKER_01: This information can really make a difference.
• 5:29
  SPEAKER_00: It can.
• 5:30
  SPEAKER_00: When you're doing your cost analysis.
• 5:32
  SPEAKER_01: So it's not just the sticker price.
• 5:34
  SPEAKER_00: No, it's about all the associated costs.
• 5:36
  SPEAKER_01: That come with owning a home.
• 5:38
  SPEAKER_00: Precisely.
• 5:38
  SPEAKER_00: And those costs can vary location specific features of the property.
• 5:43
  SPEAKER_01: Makes sense.
• 5:43
  SPEAKER_00: Sounds like buyers need to do their homework.
• 5:46
  SPEAKER_01: Definitely.
• 5:46
  SPEAKER_01: Ask a lot of questions.
• 5:48
  SPEAKER_00: Absolutely.
• 5:48
  SPEAKER_00: And he had some great advice.
• 5:50
  SPEAKER_01: For who?
• 5:51
  SPEAKER_00: For anyone working with agents.
• 5:53
  SPEAKER_01: Oh, good.
• 5:54
  SPEAKER_00: Whether buying or selling.
• 5:55
  SPEAKER_01: Okay.
• 5:56
  SPEAKER_00: He's a big advocate for transparency.
• 5:58
  SPEAKER_01: That's important.
• 5:58
  SPEAKER_00: And clear communication.
• 6:00
  SPEAKER_01: Always a good thing.
• 6:01
  SPEAKER_00: Which is crucial in this AI-driven world.
• 6:04
  SPEAKER_01: Where information overload is a real thing.
• 6:06
  SPEAKER_00: It is.
• 6:07
  SPEAKER_00: So let's dive into that advice next.
• 6:09
  SPEAKER_01: Right, let's hear it.
• 6:10
  SPEAKER_00: What are some key things buyers and sellers should keep in mind?
• 6:15
  SPEAKER_00: Yeah.
• 6:15
  SPEAKER_00: When working with an agent in this landscape.
• 6:18
  SPEAKER_01: I am ready.
• 6:18
  SPEAKER_01: Welcome back to the deep dive.
• 6:20
  SPEAKER_00: We've been talking about the 2025 real estate market.
• 6:24
  SPEAKER_01: Specifically in Santa Clarita.
• 6:26
  SPEAKER_00: Right, using Connor McEvour's insights.
• 6:28
  SPEAKER_01: And how AI is playing a bigger role.
• 6:31
  SPEAKER_00: Exactly.
• 6:32
  SPEAKER_00: It's changing the game.
• 6:33
  SPEAKER_01: In the last part, we discussed online valuations.
• 6:36
  SPEAKER_00: And how they can be misleading.
• 6:38
  SPEAKER_01: Right, they're not always accurate.
• 6:39
  SPEAKER_00: And the importance of working with a local agent.
• 6:41
  SPEAKER_01: Someone who really knows the market.
• 6:43
  SPEAKER_00: Connor also had some great points.
• 6:45
  SPEAKER_00: About those hidden costs that can sneak up on you.
• 6:48
  SPEAKER_01: Oh yeah, those can be a pain.
• 6:50
  SPEAKER_00: He really stressed understanding Melarus.
• 6:53
  SPEAKER_01: With special taxes, right?
• 6:54
  SPEAKER_00: Yes.
• 6:55
  SPEAKER_00: Used for infrastructure and new developments.
• 6:57
  SPEAKER_01: They can add up.
• 6:58
  SPEAKER_00: They can.
• 6:59
  SPEAKER_00: And impact your monthly payments.
• 7:01
  SPEAKER_01: So knowing how long they last is key.
• 7:03
  SPEAKER_00: Absolutely.
• 7:04
  SPEAKER_01: Right.
• 7:04
  SPEAKER_00: And what happens when they expire?
• 7:06
  SPEAKER_01: Right.
• 7:06
  SPEAKER_01: Does anything change then?
• 7:08
  SPEAKER_00: He mentioned some buyers might not even realize that these taxes exist.
• 7:13
  SPEAKER_00: Yeah.
• 7:13
  SPEAKER_00: Until they're almost closing.
• 7:14
  SPEAKER_01: Aww.
• 7:16
  SPEAKER_01: That's not good.
• 7:16
  SPEAKER_01: Talk about a surprise.
• 7:18
  SPEAKER_00: It could be a nasty one.
• 7:19
  SPEAKER_00: So it's not just about the initial cost.
• 7:21
  SPEAKER_00: Yeah, you need to think long term.
• 7:23
  SPEAKER_01: What about those HOA fees?
• 7:25
  SPEAKER_00: Oh, he had some advice on those too.
• 7:27
  SPEAKER_01: Like what questions to ask?
• 7:28
  SPEAKER_00: Exactly.
• 7:29
  SPEAKER_00: He encouraged buyers to dig deep.
• 7:32
  SPEAKER_01: Not just the current fees.
• 7:33
  SPEAKER_00: Right.
• 7:34
  SPEAKER_00: But also potential increases.
• 7:36
  SPEAKER_01: Down the line.
• 7:37
  SPEAKER_00: He even suggested asking about planned projects.
• 7:39
  SPEAKER_01: That could affect the fees.
• 7:40
  SPEAKER_00: Yeah, things that might cause a big jump.
• 7:42
  SPEAKER_01: That's smart.
• 7:42
  SPEAKER_01: I wouldn't have thought of that.
• 7:43
  SPEAKER_00: It's all about due diligence.
• 7:45
  SPEAKER_01: Being proactive.
• 7:46
  SPEAKER_00: Exactly.
• 7:47
  SPEAKER_00: These little details can add up.
• 7:48
  SPEAKER_01: And impact your budget.
• 7:50
  SPEAKER_00: In the long run.
• 7:51
  SPEAKER_01: Okay.
• 7:51
  SPEAKER_00: Speaking of being proactive.
• 7:53
  SPEAKER_01: Yeah.
• 7:54
  SPEAKER_00: He had some interesting thoughts.
• 7:56
  SPEAKER_01: On what?
• 7:57
  SPEAKER_00: The buyer broker agreement.
• 7:58
  SPEAKER_01: Oh, that's important.
• 7:59
  SPEAKER_00: He said, read it carefully.
• 8:00
  SPEAKER_01: Before you sign.
• 8:02
  SPEAKER_00: Understand all the terms.
• 8:04
  SPEAKER_00: Yeah, vice.
• 8:05
  SPEAKER_00: He even made a funny analogy.
• 8:08
  SPEAKER_00: About a unicorn with Pegasus wings.
• 8:11
  SPEAKER_01: What?
• 8:12
  SPEAKER_00: He said if an agent promises you that To help you find a home.
• 8:15
  SPEAKER_00: Yeah, you better make sure it's in the contract.
• 8:17
  SPEAKER_01: That's hilarious, but I get the point.
• 8:19
  SPEAKER_00: It's about getting everything in writing.
• 8:21
  SPEAKER_01: Not just taking their word for it.
• 8:23
  SPEAKER_00: Exactly.
• 8:24
  SPEAKER_00: And it goes back to Factual verification.
• 8:27
  SPEAKER_00: Yes.
• 8:28
  SPEAKER_00: Especially with AI creating such realistic content.
• 8:31
  SPEAKER_01: It's hard to tell what's real sometimes.
• 8:33
  SPEAKER_00: So we need to be skeptical.
• 8:35
  SPEAKER_01: And verify everything.
• 8:36
  SPEAKER_00: How do we apply that to the agreement, though?
• 8:38
  SPEAKER_01: What should buyers look for?
• 8:40
  SPEAKER_00: He highlighted a few things.
• 8:42
  SPEAKER_01: Okay.
• 8:43
  SPEAKER_00: First, whether the agreement is property specific.
• 8:46
  SPEAKER_01: Or if it covers anything you might be interested in.
• 8:48
  SPEAKER_00: Right.
• 8:49
  SPEAKER_00: That's important to know.
• 8:50
  SPEAKER_00: And second, the term of the agreement.
• 8:52
  SPEAKER_01: How long it lasts.
• 8:53
  SPEAKER_00: In California, the maximum is 90 days.
• 8:56
  SPEAKER_01: So if it's longer than that.
• 8:58
  SPEAKER_00: You need to ask questions.
• 8:59
  SPEAKER_01: Get clarification from your agent.
• 9:02
  SPEAKER_00: It's not just about reading.
• 9:03
  SPEAKER_00: It's about understanding what each clause means.
• 9:06
  SPEAKER_01: And how it affects you.
• 9:07
  SPEAKER_00: Exactly.
• 9:08
  SPEAKER_00: Don't be afraid to ask questions.
• 9:10
  SPEAKER_01: A good agent will explain everything.
• 9:12
  SPEAKER_00: It seems like his message is all about empowerment.
• 9:16
  SPEAKER_00: Yes.
• 9:16
  SPEAKER_00: Buyers need to be informed.
• 9:18
  SPEAKER_01: More than ever before.
• 9:19
  SPEAKER_00: Especially with the market changing so fast.
• 9:21
  SPEAKER_01: And that message goes beyond real estate.
• 9:23
  SPEAKER_00: What do you mean?
• 9:24
  SPEAKER_01: Remember his warning about employers.
• 9:26
  SPEAKER_00: The one's not talking about AI.
• 9:28
  SPEAKER_01: Yes.
• 9:28
  SPEAKER_01: He sees that as a red flag.
• 9:31
  SPEAKER_00: It's like they're falling behind.
• 9:32
  SPEAKER_01: If they're not engaging with AI.
• 9:35
  SPEAKER_00: AI is changing every industry.
• 9:37
  SPEAKER_01: Those who adapt will thrive.
• 9:39
  SPEAKER_00: So how do we adapt to something so complex?
• 9:41
  SPEAKER_01: It can feel overwhelming.
• 9:43
  SPEAKER_00: It does.
• 9:44
  SPEAKER_00: There's so much happening.
• 9:45
  SPEAKER_01: Connor's advice is lifelong learning.
• 9:47
  SPEAKER_00: We need to keep researching and learning.
• 9:49
  SPEAKER_01: We stay ahead of the curve.
• 9:51
  SPEAKER_00: So it's not just acquiring knowledge, it's about evaluating it.
• 9:54
  SPEAKER_00: Separating fact from fiction.
• 9:56
  SPEAKER_01: Especially with AI getting so good.
• 9:58
  SPEAKER_00: At mimicking human language.
• 10:00
  SPEAKER_01: We need a new kind of literacy.
• 10:02
  SPEAKER_00: You called it AI literacy.
• 10:04
  SPEAKER_01: And a core skill of that is factual verification.
• 10:07
  SPEAKER_01: Connor was adamant about that.
• 10:09
  SPEAKER_00: He gave that example about property valuations.
• 10:12
  SPEAKER_01: How they can be so different.
• 10:14
  SPEAKER_00: Even with the same data.
• 10:15
  SPEAKER_01: It makes you think.
• 10:16
  SPEAKER_00: We need to question everything.
• 10:18
  SPEAKER_01: Even if it seems authoritative.
• 10:20
  SPEAKER_00: Don't just take it at face value.
• 10:22
  SPEAKER_01: Look for evidence.
• 10:23
  SPEAKER_01: Consider the source.
• 10:25
  SPEAKER_00: And this applies to everything, not just real estate.
• 10:28
  SPEAKER_01: He talked about personalized ads too.
• 10:30
  SPEAKER_00: Creating that echo chamber.
• 10:31
  SPEAKER_01: Where we only see what confirms our beliefs.
• 10:34
  SPEAKER_00: That can be dangerous.
• 10:35
  SPEAKER_01: It limits our perspective.
• 10:36
  SPEAKER_00: So we need to break out of those echo chambers.
• 10:39
  SPEAKER_01: Seek out diverse viewpoints.
• 10:41
  SPEAKER_00: Challenge our own assumptions.
• 10:43
  SPEAKER_01: Be open to new information.
• 10:45
  SPEAKER_00: It's not always comfortable.
• 10:46
  SPEAKER_01: But it's how we grow.
• 10:48
  SPEAKER_00: So bringing it back to Connor's predictions.
• 10:50
  SPEAKER_01: For the Santa Clarita market.
• 10:52
  SPEAKER_00: What are the key takeaways for buyers and sellers?
• 10:55
  SPEAKER_01: I think the biggest one is AI is important.
• 10:58
  SPEAKER_01: But human expertise is still crucial.
• 11:00
  SPEAKER_00: Don't ditch your agent for an algorithm.
• 11:02
  SPEAKER_01: Partner with someone you trust.
• 11:04
  SPEAKER_00: Who can provide context and insights.
• 11:06
  SPEAKER_01: And help you make sense of the AI information.
• 11:08
  SPEAKER_00: And when it comes to hidden costs.
• 11:10
  SPEAKER_01: Be proactive.
• 11:11
  SPEAKER_01: Ask the right questions.
• 11:13
  SPEAKER_00: About Melarus, HOA fees.
• 11:15
  SPEAKER_01: Don't wait till it's too late.
• 11:17
  SPEAKER_00: Do your research up front.
• 11:18
  SPEAKER_01: What about the buyer-broker agreement?
• 11:21
  SPEAKER_00: Read it carefully.
• 11:22
  SPEAKER_00: Understand the terms.
• 11:23
  SPEAKER_01: Don't be afraid to negotiate.
• 11:25
  SPEAKER_00: And get everything in writing.
• 11:27
  SPEAKER_01: Clear communication is key.
• 11:28
  SPEAKER_00: Connor's advice is all about being informed.
• 11:31
  SPEAKER_00: Being skeptical.
• 11:32
  SPEAKER_01: And being proactive.
• 11:34
  SPEAKER_00: Don't let AI control you.
• 11:35
  SPEAKER_00: Use it to your advantage.
• 11:37
  SPEAKER_01: And that mindset applies to everything.
• 11:40
  SPEAKER_00: Not just real estate.
• 11:41
  SPEAKER_01: As we move into this AI-driven future.
• 11:44
  SPEAKER_00: How do we ensure we're not just passengers?
• 11:46
  SPEAKER_01: But active participants.
• 11:47
  SPEAKER_00: Shaping this new reality.
• 11:49
  SPEAKER_01: Cultivating that AI literacy.
• 11:51
  SPEAKER_00: That's the big question.
• 11:52
  SPEAKER_01: And we'll continue exploring it.
• 11:53
  SPEAKER_00: In the final part of this episode.
• 11:55
  SPEAKER_01: Stay tuned.
• 11:56
  SPEAKER_00: Welcome back to the deep dive.
• 11:58
  SPEAKER_00: Feels like we've covered so much ground already.
• 12:01
  SPEAKER_01: We have.
• 12:02
  SPEAKER_01: From predictions to AI's impact.
• 12:04
  SPEAKER_00: All thanks to Connor McAvoy's insights.
• 12:06
  SPEAKER_01: He's given us a lot to think about.
• 12:08
  SPEAKER_00: But let's zoom out a bit now.
• 12:09
  SPEAKER_01: To the bigger picture.
• 12:10
  SPEAKER_00: Yeah, we've talked about lifelong learning, being critical thinkers, verifying facts, all important stuff.
• 12:16
  SPEAKER_00: But how do we actually apply that in our lives?
• 12:19
  SPEAKER_01: It's a good question, right?
• 12:20
  SPEAKER_00: It feels overwhelming sometimes.
• 12:22
  SPEAKER_01: Especially with all this information.
• 12:24
  SPEAKER_00: And AI just keeps generating more.
• 12:26
  SPEAKER_01: So where do we even start?
• 12:28
  SPEAKER_00: Connor had some good advice, remember.
• 12:30
  SPEAKER_01: About research.
• 12:31
  SPEAKER_00: Yeah, don't just absorb everything passively.
• 12:33
  SPEAKER_01: Actively seek out knowledge.
• 12:35
  SPEAKER_00: Explore different viewpoints.
• 12:37
  SPEAKER_01: Gig deeper into the topics that matter.
• 12:39
  SPEAKER_00: It's about engaging with the information.
• 12:42
  SPEAKER_01: Critically.
• 12:43
  SPEAKER_00: Liscerning fact from fiction.
• 12:44
  SPEAKER_01: Which is harder than ever.
• 12:46
  SPEAKER_00: With AI being so good at mimicking us.
• 12:48
  SPEAKER_01: It can be tricky to tell sometimes.
• 12:50
  SPEAKER_00: We need to be able to identify biases.
• 12:52
  SPEAKER_01: Evaluate sources.
• 12:54
  SPEAKER_00: Separate real insights from crafted narratives.
• 12:57
  SPEAKER_01: That's where critical thinking comes in.
• 12:58
  SPEAKER_00: It's like we need a new kind of literacy.
• 13:02
  SPEAKER_00: And one core skill of that is fact-checking.
• 13:05
  SPEAKER_00: Verifying everything.
• 13:06
  SPEAKER_01: Connor really emphasized that.
• 13:08
  SPEAKER_00: Remember his example?
• 13:09
  SPEAKER_01: About online property valuations.
• 13:11
  SPEAKER_00: How they could be so different.
• 13:13
  SPEAKER_01: Even when they're using the same data.
• 13:15
  SPEAKER_00: Yeah, it's crazy.
• 13:16
  SPEAKER_01: Makes you wonder what's going on.
• 13:18
  SPEAKER_00: It highlights the importance of understanding.
• 13:20
  SPEAKER_01: How these algorithms work.
• 13:21
  SPEAKER_00: And what they're actually prioritizing.
• 13:23
  SPEAKER_01: They're powerful but not perfect.
• 13:25
  SPEAKER_00: Right.
• 13:26
  SPEAKER_00: They're based on specific data.
• 13:27
  SPEAKER_01: And programmed with certain assumptions.
• 13:29
  SPEAKER_00: So how do we become more savvy consumers?
• 13:32
  SPEAKER_01: Of all this AI-generated information.
• 13:35
  SPEAKER_00: What can we actually do?
• 13:36
  SPEAKER_01: First, don't take anything at face value.
• 13:39
  SPEAKER_00: Question everything.
• 13:40
  SPEAKER_01: Even if it seems legit.
• 13:42
  SPEAKER_00: Look for evidence.
• 13:43
  SPEAKER_00: Think about the source's motives.
• 13:45
  SPEAKER_01: Seek out different perspectives.
• 13:46
  SPEAKER_00: Approach everything with a healthy skepticism.
• 13:49
  SPEAKER_01: Especially if it's pushing you toward a decision.
• 13:52
  SPEAKER_00: That applies to everything, not just real estate.
• 13:54
  SPEAKER_01: Think about those personalized ads.
• 13:57
  SPEAKER_01: They're designed to play on your preferences.
• 13:59
  SPEAKER_00: Creating that echo chamber.
• 14:00
  SPEAKER_01: Where you only see what confirms your beliefs.
• 14:03
  SPEAKER_00: And that can be dangerous.
• 14:04
  SPEAKER_01: It limits our understanding.
• 14:06
  SPEAKER_00: So we need to break free.
• 14:07
  SPEAKER_01: Actively seek out diverse viewpoints.
• 14:10
  SPEAKER_00: Challenge our own assumptions.
• 14:12
  SPEAKER_00: It's not always comfortable.
• 14:13
  SPEAKER_01: But it's crucial for growth.
• 14:15
  SPEAKER_00: So, wrapping things up.
• 14:17
  SPEAKER_01: What are the key takeaways?
• 14:19
  SPEAKER_00: For our listeners navigating this AI-driven world.
• 14:22
  SPEAKER_01: I think it comes down to a few things.
• 14:24
  SPEAKER_00: Embrace lifelong learning.
• 14:26
  SPEAKER_01: The world's changing fast.
• 14:28
  SPEAKER_00: We need to be perpetual students.
• 14:29
  SPEAKER_01: Seek out new knowledge, never stop questioning.
• 14:32
  SPEAKER_01: But it's not just about learning, it's about evaluating what you learn.
• 14:36
  SPEAKER_00: Cultivate those critical thinking skills.
• 14:38
  SPEAKER_01: Question everything.
• 14:39
  SPEAKER_01: Look for biases.
• 14:41
  SPEAKER_00: Don't be afraid to challenge the status quo.
• 14:43
  SPEAKER_01: And always, always verify your facts.
• 14:47
  SPEAKER_00: Cross-check information.
• 14:48
  SPEAKER_00: Use multiple sources.
• 14:50
  SPEAKER_01: Be wary of anything trying to manipulate you.
• 14:52
  SPEAKER_00: And seek out divos perspectives.
• 14:54
  SPEAKER_01: Listen to people with different viewpoints.
• 14:56
  SPEAKER_00: Be open to changing your mind.
• 14:58
  SPEAKER_01: This is how we break free from echo chambers.
• 15:01
  SPEAKER_00: It's a lot to take in, I know.
• 15:03
  SPEAKER_01: But we don't have to become AI experts overnight.
• 15:05
  SPEAKER_00: The key is awareness and being proactive.
• 15:08
  SPEAKER_01: Embrace learning and adapting.
• 15:10
  SPEAKER_00: Connor said at best, 2025 is going to be exciting.
• 15:13
  SPEAKER_01: And it is.
• 15:14
  SPEAKER_01: But we need the right mindset.
• 15:16
  SPEAKER_00: A commitment to learning.
• 15:17
  SPEAKER_01: To harness the power of AI for good.
• 15:20
  SPEAKER_00: That's how we create a better future.
• 15:22
  SPEAKER_01: Thanks for joining us on the Deep Dive.
• 15:24
  SPEAKER_00: We hope you learned something new today.
• 15:26
  SPEAKER_01: And that you'll continue exploring.
• 15:28
  SPEAKER_00: The intersection of real estate, technology.
• 15:31
  SPEAKER_01: And the human experience.