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Using Virtual Reality to Buy Multimillion Dollar Real Estate

I just went up the stairs backwards oh my god to go back down the steps remember a famous coach s super tall okay stay off the stairs you're doing great this is luxury real estate it's the closest you're gonna get to experience in the future without Doc in the DeLorean [Music] we're here at time equities a luxury real estate developer that's using VR to help potential clients see spaces before they're even built virtual reality isn't new but in today's luxury real estate market it's giving the super-rich a chance to tour properties without having to see them in person we went to Manhattan to see just how this technology's changing the way the wealthy buy property the idea of the company came when my wife and I were shopping for a home and it was frustrating to look online and find limited tools for plans and those weird fisheye photos and we realized quickly that we wanted something that would help us empower us really to explore real estate in a more efficient and practical way it's a time and convenience function just saying as ordering off of an online retailer and if you could then go to in a office with your agent and sit down and look through dozens of properties within minutes that's the savings of hours and days so when we go to create a project we start with the four plans in the client and we create the walls we create the floors it's all CGI so we start with a blank black universe and everything that you see in it is our custom creation we priced out at about $1 to $3 per square foot of visualized space and that includes an entire visualization package of 2d renderings and interactive experience with the oculus rift and HTC vive right now VR is used for luxury properties that haven't been completed yet it's also made for foreign buyers who don't necessarily want to fly in from Dubai or Hong Kong to check out a new investment to see how this works we looked at 34 print Street a building in Manhattan with apartments starting at 7 million dollars it's still under construction but ready to be sold to the highest bidder this is a 2d rendering of the print Street property so none of this is actually real but it's just supposed to show exactly what somebody would be getting now this is a work in progress so you're gonna get a sense of before we've actually finished it this is sort of one of the first stages so this is the front door which will be a front door that you can't go through good you're doing totally you're doing awesome I didn't play video games as a kid and now I regret it are you ready time ride the rift I'm so ready let's do it okay just get that on nice and snug okay so slowly what I want you to do is look around make sure I don't bump into anything really feels a little like Mario Kart oh I love Mario Kart I put a lot of that in college so I'm looking around the living room there's a really cool painting some sort of Modern Art painting the most surprising thing is how much you get a sense of the space here and also how clear the textures are I feel like when real-estate agents no offense Stephanie sometimes show you pictures and things they look a lot bigger than they actually are when you get there I completely agree with you oh gosh I can't get through this store though touring an apartment and virtual reality can have its drawbacks the biggest being that even touring one space made me feel nauseated a common side effect of VR the sea has a virtual tour compared to the real thing I met with Javier a realtor from time equity's who's in charge of selling the units at 34 Prince Street this is your kitchen area okay I remember going through this so you have beautiful views this neighborhood is definitely better than I thought it was gonna be in VR so that's definitely a benefit of real life yes how much did it cost your company to use the service like the VR experience this apartment is 3757 square feet um so maybe 10k probably something around that but I think it's worth it virtual reality could help investors looking to accumulate more square footage and it's a different way to visualize a place that hasn't been built yet but the technology still doesn't quite replace the experience of seeing a building in person we definitely envision this going into the everyday market $200,000 homes there are tons of applications and we see a big bright future for virtual reality for real estate so this is only the beginning of where you're going to see virtual reality in our lives

https://youtu.be/LP2pjGYVr8c

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Top 5 Social VR Sites In Virtual Reality

social vr sites are becoming increasingly popular offering virtual worlds where people can talk create play games entertain and share these destinations offer a revolutionary way for humans to interact and connect the five social vr platforms i'll be presenting today are all currently in beta and free to use let's take a look at the top five social vr sites as of March 2017 v time is one of the pioneers in social we are offering access to their site using oculus rift gear VR Google VR and daydream V times unique world's offer interesting environments or groups with up to four people at a time we time is the only stationary VR experience meaning users are not able to move and interact physically in the environment with excellent graphic details retime offers multiple scenes like campfire oceanfront Arctic Circle and even hanging off the edge of a cliff V time also offers one of the most flexible avatar creation engines allowing users to create avatars that can be very closely modeled to their likeness this lip and arm movements synchronization one unique feature of e time is a V cast feature which allows you to host and record your own talk show in VR this feature was released in early 2017 but has since been brought back into V times lab for further development meantime is available for download on their website or at the oculus store with about 1.5 million in venture funding VR chat is building a sandbox platform that allows you to create and explore virtual worlds compatible with both rift and vive VR chat has an increasingly growing following with many activities and even a weekly talkshow in VR VR chat features full-body avatars with lip-sync eye tracking and complete range of motion you can use touch and vibe controls for hand expression and play games like battle disk bowling and capture the flag VR chat also offers a Unity SDK which allows you to create your own worlds and avatars you can download via our chat on Steam or on their website founded by Philip Rosedale of Second Life named high fidelity rapport we has raised close to 40 million dollars in their social we are offering like VR chat high fidelity is a sandbox environment allowing users to build their own virtual worlds and explore others all interconnected in one limitless Metaverse the limitless design of five fidelity is achieved through a distributed computing model which means all users contribute computing resources to a flat form users are quickly creating new worlds that offer multiple ways to interact high fidelity also features a marketplace where you can purchase avatars and other 3d elements high fidelity is available for download on their website and works with oculus rift HTC vive or 2d desktop on Mac and PC with five million dollars in funding rec room from against gravity has quickly become a popular place for social vr recreation rec room is a vr social club where you can play games with people from all around the world rec room makes great use of touch and vibe controllers with games like zero-g paddle ball ping pong 3d charades disc golf and more you can interact in the public areas or create imitation only private games there's also a private area called the lounge where you can revive friends to chat play cards or take part in other activities rec room is a rewards-based environment we can gain experience points as you play games and interact while the user age ranges mix rec room seems to attract a younger crowd which probably is a contributing factor to its growing popularity rec room is available on Steam oculus home and their website and is compatible with oculus rift and HTC vive with about 18 million dollars in funding alt space VR is currently one of the most popular Viera sites available this has been helped by a partnership with NBC News and frequent appearances in VR by Reggie Watts Drew Carey and other celebrities vault space VR offers multiple rooms for users to explore and also allows you to create private events in these rooms with full rift and vibe controller support you can move around play games and perform hand expressions all space VR also has an SDK allowing developers to create VR web apps and experiences with a sponsored initiative program for developers while old space VR s avatar creation is somewhat confined you'll find multiple worlds to explore with a wide range of VR devices also all space VR has frequent live events allowing users to interact with interesting guests and right now they are the only social VR site doing this all space VR works with daydream vibe rift gear VR and 2d on Mac and PC you can download old States they are from their website steam and the oculus story and those are our top 5 social VR sites as of March 2017 but be on the lookout for other players like Facebook oculus and Linden Labs to enter the market in the near future while Facebook does offer oculus room for gear VR users they have also demonstrated a high featured social VR experience with real-world device integration release date to be determined women labs is quickly moving to game developers with their SANZAR platform which looks to have stunning graphic detail in its sandbox site platform fans are looks to offer similar functions to high fidelity as a direct competitor as VR and computing technologies advance will social vr platforms become a common method for people to communicate only time will tell behind every major technological leap there has been one common driver the advancement of human interaction and social vr has the potential to bring people from all corners of the world closer in ways like we've never seen before we like to hear what social vr sites you like let us know in the comments and Starkel discussion thanks for watching please hit the like button enjoy the discussion in the comments below check out our other VR videos and join the community by subscribing to the our vibe for more virtual reality exploration you

https://youtu.be/-1TcKHYe9e8

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Oculus VR

The Oculus team at Facebook lets people experience anything, anywhere, with anyone through world-class VR hardware and software. With global departments dedicated to VR research, computer vision, haptics, social interaction, and more, Oculus is committed to driving the state of the art forward through relentless innovation. The Oculus suite of hardware currently includes: Rift, our high-end PC VR headset; Touch controllers, to bring your hands into virtual reality; and Gear VR, to bring the magic with you wherever you are—all powered by the Oculus Platform. Since being founded in 2012—and furthered through our acquisition by Facebook in 2014—Oculus has grown from the idea of a single headset to multiple headsets, a powerful platform, and a thriving ecosystem. Our developer community has built nearly a thousand games, apps, and experiences, all available on the Oculus Store. As we continue to grow the possibilities of the technology, we’re partnering with communities and nonprofits from around the world to drive social change and foster a positive impact. VR’s potential to connect the world is immense—and we’re just getting started. For more information, visit: http://oculus.com.

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