future trends impacting real estate harvesting in the worlds of the gen x dotcoms & ferals...
TRANSCRIPT
Future Trends Impacting Real Estate
Harvesting in the Worlds of the
Gen X DotComs & Ferals
Annimac Futurist Trend Forecaster
www.annimac.com.au
REIWA Property Management ChapterConvention 2007 Busselton Western Australia 28th April 2007
28th April 2007 www.annimac.com.au 2
Rate of Change - exponential
Amount of change now in 1 day
grandparents had in 1 year
Younger means faster
Generational gap widening
28th April 2007 www.annimac.com.au 3
I’m never having kids. I hear they take nine months to download.
28th April 2007 www.annimac.com.au 4
Three Global Challenges
Climate change
Peak Oil
People change
28th April 2007 www.annimac.com.au 5
Three Global Challenges
Climate change
Global warming impacting now
Aus second most arid continent
WA climate highly vulnerable tropics moving south, desert moving
west changing rainfall & temp 2° temp rise = 1 metre ocean rise
28th April 2007 www.annimac.com.au 6
Three Global Challenges
Peak Oil
The Big Rollover : Demand > Supply
In 2005 O&G industry : happen in 2007 – 2012
Feb 2007 : industry says Now !
28th April 2007 www.annimac.com.au 7
OIL BUYERS MARKET
The Peak of World Oil Production
CHEAP & EASY-TO-EXTRACT OIL
0
0.5
1
1.5
2
2.5
3
3.5
4
1930 1950 1970 1990 2010 2030
USNorth
SeaForecast oil production
Past oil production
We are here
Previous Rollovers
SELLERS MARKET
0
5
10
15
20
25
30
35
1930 1950 1970 1990 2010 2030 2050
EXPENSIVE & HARD-TO-EXTRACT OIL
An
nu
al O
il Pro
du
ctio
n G
bb
l
28th April 2007 www.annimac.com.au 8
Three Global Challenges
People Change
Product driven world shrinking
Value driven world expanding
Consumers demand excellence
Consumer Profiles rapidly changing
28th April 2007 www.annimac.com.au 9
How Values shape markets
Values determine what people value
and find valuable
What people value and find valuable
they will want more of
What they want more of will
determine what they seek in markets
What is sought in markets will shape
emerging innovations, products,
services and technologiesPeter Ellyard Preferred Futures 2007
28th April 2007 www.annimac.com.au 10
By 2020
70 % of job types then
do not exist now
Technology Driving all Change
28th April 2007 www.annimac.com.au 11
because
80 % of technology then
is not imagined yet
Driving Change : By 2020
28th April 2007 www.annimac.com.au 12
Japanese Robanoid 2006
Future Receptionist ? Display home hostess ?
28th April 2007 www.annimac.com.au 13
Imagine
what some of
those
jobs might be …..
28th April 2007 www.annimac.com.au 14
Likely jobs in next 15 years : Director of Emerging Thought Chief Zookeeper - of people Biotech Homes Consultant Home Mood Enhancement Coach Nano Technology Info Officer Chief Imagination Advisor Hacker Relations Manager Holographic Display Modeller Online Client Life Consultant
28th April 2007 www.annimac.com.au 15
Look at Generational differences
Gen gap always existed
but
Gen gap is
fast
28th April 2007 www.annimac.com.au 16
Parallel
Universes
Kids
live
them.
28th April 2007 www.annimac.com.au 19
28th April 2007 www.annimac.com.au 20
Generations Baby Boomers 1945 – 60 age 45 – 60
Generation X 1960 – 75 30 - 45
DotComs 1975 – 90 15 - 30
Ferals 1990 – now to 15 annimac
Generation X 1960 – 80 25 – 45
Generation Y 1980 – now to 25 wikipedia
28th April 2007 www.annimac.com.au 21
Baby Boomers$100 for speeding
$250 for misleading the public
28th April 2007 www.annimac.com.au 22
Baby Boomers 45 - 60
Downsizing lives
Empty nesters
Retired or part time work
Male identity from job
Questioning material status
28th April 2007 www.annimac.com.au 23
Boomers Care
28th April 2007 www.annimac.com.au 24
Baby Boomers 45 - 60 : Sense of community
Seek new safe experiences
Security & Health conscious
Defer to authority Love / hate change
28th April 2007 www.annimac.com.au 25
Boomers & technology That’s the phone,
dear,
Here, try the remote
That’s the phone dear. Here try the
remote.
28th April 2007 www.annimac.com.au 26
Impact for Real Estate Baby Boomers 45 - 60 Winding down : leisure
indulgence Risk averse Respect rank Steady relationships Need
relationship continuity familiar experiences positive group identity structural reliability greening options
28th April 2007 www.annimac.com.au 27
So
Are Boomers driving change
No Yes Maybe
What do you think ? …..
45 - 60
28th April 2007 www.annimac.com.au 28
Generations Baby Boomers 1945 – 60 age 45 – 60
Generation X 1960 – 75 30 - 45
DotComs 1975 – 90 15 - 30
Ferals 1990 – now to 15 annimac
Generation X 1960 – 80 25 – 45
Generation Y 1980 – now to 25 wikipedia
28th April 2007 www.annimac.com.au 29
Gen Xers
28th April 2007 www.annimac.com.au 30
Generation Xers 30 - 45
Single Childless
Net Dating
Varied lifestyles
Varied workstyles
SOHO
28th April 2007 www.annimac.com.au 31
Gen X Lifestyle Dog
28th April 2007 www.annimac.com.au 32
Generation Xers 30 - 45
Risk takers Personal journey Fast decisions
Materialism assumed
Environmental values
Defer to heroes
Expect & accept change
28th April 2007 www.annimac.com.au 33
Impact for Real Estate Gen X 30 - 45
Fast action Now Short term pitch - staged pitch Results oriented Need
choices immediacy short term involvement complete – stand alone skills oriented demand quality of experience
28th April 2007 www.annimac.com.au 34
So
Are GenXers driving change ?
No Yes Maybe
30 - 45
28th April 2007 www.annimac.com.au 35
Generations Baby Boomers 1945 – 60 age 45 – 60
Generation X 1960 – 75 30 - 45
DotComs 1975 – 90 15 - 30
Ferals 1990 – now to 15 annimac
Generation X 1960 – 80 25 – 45
Generation Y 1980 – now to 25 wikipedia
28th April 2007 www.annimac.com.au 36
DotComs
28th April 2007 www.annimac.com.au 37
DotComs 15 – 30 ( Gen Y)
Own path Immediacy
Temporary pairing
Group socialising
Internet relationships
Wired
No home
No single careers
28th April 2007 www.annimac.com.au 38
DotComs Relationships
28th April 2007 www.annimac.com.au 39
DotComs 15 - 30
I.d. from activity
Multi channeled Multi
actions
Planetary group mission
Temporary deference -
usefulness
Need change Cluetrain Manifesto
www.cluetrainmanifesto.com
28th April 2007 www.annimac.com.au 40
Impact for Real Estate DotComs 15 - 30
Passionate – value driven Team + personal
relationships Short term fast involvement Multi channel activities Need
choices no spin very short term flexibility innovation real positive outcomes
28th April 2007 www.annimac.com.au 41
So
Are DotComs driving change ?
No Yes Maybe
15 - 30
28th April 2007 www.annimac.com.au 42
Generations Baby Boomers 1945 – 60 age 45 – 60
Generation X 1960 – 75 30 - 45
DotComs 1975 – 90 15 - 30
Ferals 1990 – now to 15 annimac
Generation X 1960 – 80 25 – 45
Generation Y 1980 – now to 25 wikipedia
28th April 2007 www.annimac.com.au 43
Ferals
28th April 2007 www.annimac.com.au 44
Ferals 0 - 15 Wild Child
No limits No boundaries Planetary mission : to create sustainable world Wired Parallel universes Unlimited mind channels Intuitive & telepathic
28th April 2007 www.annimac.com.au 45
Ferals Virtual World
28th April 2007 www.annimac.com.au 46
Ferals to 15
Future jobs unimportant
Non consumers
Global i.d. from self values
No deference
Respect only when useful
Live change & ignore
barriers
28th April 2007 www.annimac.com.au 47
Ferals
28th April 2007 www.annimac.com.au 48
Impact for Real Estate Ferals to 15 Expect new relationships &
things Love Virtual world Create into unknowns Influencing older gens - leading ! Need
personal power trust clear values nb: super spin detectors
no rules no hindrance ICT quality access multi channel everything
28th April 2007 www.annimac.com.au 49
So
Are Ferals driving change ?
No Yes Maybe
28th April 2007 www.annimac.com.au 50
28th April 2007 www.annimac.com.au 51
Real Estate Trends Summary huge rate of change climate change & Peak Oil younger generations driving
change relationships key Work / Life styles options less governance more community power individual responsibility
! Virtual world emerging !
28th April 2007 www.annimac.com.au 52
Facing the future in Property Management :
28th April 2007 www.annimac.com.au 53
thank you www. annimac.com.au