"... people are not experts at property valuation, and would have to spend a significant amount of time and mental effort figuring out what self-assessed value to put for their house, and they would complain much more if they accidentally put a value that’s too low and suddenly find that their house is gone."
The solution: users would choose an AI to generate real time valuations.
In the property/personal home context, I think this is a bad idea, because if the AI gets it wrong, and you're forced to sell your house, that is bad. However, this idea could work very well in other types of property markets (this was all discussed in the article).
"... people are not experts at property valuation, and would have to spend a significant amount of time and mental effort figuring out what self-assessed value to put for their house, and they would complain much more if they accidentally put a value that’s too low and suddenly find that their house is gone."
The solution: users would choose an AI to generate real time valuations.
In the property/personal home context, I think this is a bad idea, because if the AI gets it wrong, and you're forced to sell your house, that is bad. However, this idea could work very well in other types of property markets (this was all discussed in the article).