Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 320

If you have an iPhone 15 Pro (and iOS 17.2), you can go into Settings -> Camera -> Formats and turn on a setting called "spatial video." It will then enable this ( excerpt from Om Malik ):

Spatial video is a mixed-reality video format that allows videos to record the depth and spatial information of the scene, and when you play it back, you get a more immersive, three-dimensional (3D) experience. The iPhone 15 Pro utilizes its main lens and the ultra-wide lens to capture the depth and spatial information of the videos. The spatial videos are captured at 1080p, 30 frames per second, and  use the HEIC format .

What you can then do is watch your videos on something like an Apple Vision Pro. It's not going to be exactly perfect right now -- given that the Vision Pro display is over 8k and the above is 1080p -- but it will give you an indication of what's to come for photography, video, and many other use cases.

Some examples.

As a regular consumer, this might allow you to capture videos from a trip and then more fully relive the moments once you're at home. And as Om argues in his post, this will inevitably change photography/video. Because how we consume media, impacts how and what we capture.

If you're in the business of selling real estate to people, you can also imagine this set up having a profound impact on virtual tours. Because now you have something that's pretty damn close to reality, if not eventually indistinguishable. Why even go in person until you have to?

Of course, all of this will depend on whether Vision Pro actually sees widespread adoption. But if the technology is as good as everyone who has tested it seems to think, then surely there will be at least some initial users who find immediate value.

And if that is the case, it opens the door for the masses. To once again quote Om: "It is not hard to be excited about the possibilities."

Last week, the Canadian federal government announced that it will be developing a catalog of pre-approved housing designs in order to accelerate the delivery of new homes.

This is not a new idea. A similar approach was taken after the Second World War in order to quickly house veterans returning home. But in this current iteration, the catalog is expected to be focused on missing middle housing such as small multiplexes and student housing, and then later on higher-density construction.

We have also spoken about this idea before in the context of ADUs in Los Angeles. And at that time, I wrote that the way to encourage more of something is to reduce friction. I continue to believe that this is the case, and so I do think that pre-approved designs are a positive thing, especially for smaller projects.

However, it's important to keep in mind that this is not the biggest barrier to new housing supply. The problem is not that developers and builders are all sitting around thinking "if only I had a design for a 5-unit multiplex." The problem is that they're sitting around thinking "if only I could make some money building a 5-unit multiplex."

So while reducing the barriers to entry is a good thing, the really important question for the designs in this upcoming catalog is: Can developers actually make any money building them? Because if the answer is no, it doesn't matter that they're pre-approved and ready to go. They won't be built.

Hopefully somebody is thinking about this because it will take some work. Every market is different. What works in one place, may not work in another. On top of this, what works today, may not work tomorrow.

I opened up X this afternoon and I saw a photographer tweet that he hadn't sold a single NFT in the last four months. His conclusion: The NFT market is dying, if not already dead. There are no collectors left. Damn.

I'm sure it probably feels this way to most. But the reality is that there are a lot of asset classes that feel this exact same way today. (I know that many of you will contest whether NFTs are actually an asset class.) There aren't a lot of buyers out there right now.

But that doesn't necessarily mean that the NFT market, in particular, is done with. In fact, if you look around, there are countless signs that point to the opposite.

I, for example, find it interesting that if you're an architect or a city planner in the US, and looking to check off some continuing education units, you can now register for a course at Harvard called From Crypto to the Metaverse: Blockchain Applications in Real Estate .

And if you look at the learning objectives, it includes things like demystifying how Blockchain technologies work, how they might impact real estate businesses in the future, and what opportunities they may create. This suggests we're still early.

Right now just feels like that time in the cycle that tests both your conviction and your discipline. It's easy to believe in something when everyone else does. But what about when most people don't?