Todd Lubar was recently discoursing on innovation and how it can impact society and propel economies forward. Economic innovation has had demonstrably powerful effects and has initiated tremendous improvements for the lives of people across the globe. However, Lubar makes an important distinction regarding the role of government. The innovations are usually accomplished by private citizens with an entrepreneurial vision.
He gives an example from long ago, which had a major impact on improving travel. The steam engine drove decades of economic growth and vastly improved the speed and comfort of travel. These massive changes are disruptive and they also provide great new opportunities.
Technological innovation helps improve society with new goods and services. The lives of people are enriched with new products and things which can make life easier and more interesting. A good example of this is the ubiquitous cell phone. They have swept across the world and have inspired countless other tangential industries to serve customers. Innovation is reaching all corners of the globe as governments seek to be competitive in the modern world.
Innovation occurs in all major industries and some new endeavors include the constantly evolving internet, electric cars, and the explosive growth of computing technology. The Real Estate market, however, has been slower to adopt technological innovation than many other industries. Todd Lubar is an early adopter of smart technology for new homes and is helping to change this fact.
The Internet of Things is here and it makes controlling home appliances a reality with high-tech sensors being built into many home furnishings. One day everything will be wired and controlled by a smartphone or computer. Quadrant Homes builds residential homes and they are based in Seattle. They are including smart technology in all their new homes. Digital locks, keypad interfaces, automated window shades, and security features are making life easier in a Quadrant home.
Smart homes have been touted by Todd and his prediction is coming to fruition. He is the President of TDL Global Ventures and a senior Vice-President of Legendary Investments. His experience is in real estate and as an entrepreneur. He is passionate about helping people obtain their dream house and uses creative financing to make it possible.