If @Mira starts a company virtually staging photos for real estate agents, how much money will it make? (2024)
2
335Ṁ124
resolved Apr 24
ResolvedN/A
28%
$1
16%
$100
19%
$1,000
21%
$10,000
6%
$100,000
4%
$1,000,000
7%Other

This is part of a series of markets about things I could do in 2024. See also: /Mira/which-of-mira-s-cool-ideas-will-mir

Summary

Real estate agents spend thousands of dollars renting furniture to take photos when listing houses or apartments. What if I run it through a couple AI models, so they can add couches, tables, turn the cloudy sky into a bright sunny blue one instantly?

There is already precedent using CAD. I believe they add 3D geometry to the photos, and then place props of furniture. 24 hour turnaround, $20-80 an image.

A lot of this depends on getting segmentation, Stable Diffusion, and other models to reliably do this. Because it would look bad if someone had to try 20 different generations or prompts before they got something reasonable. Early on, I could match the 24-hour turnaround and generate the images myself to make sure they are reasonable quality. In the mid-term, rerunning prompts also sounds much cheaper to hire for than a 3D CAD person.

Each MLS has its own local rules for reporting this, so my software would need the ability to put a watermark on the image to indicate our name and that it has been "touched up". This toggle can be optional, since it is the agents' responsibility.

Market Mechanics

Trigger condition: Deploying any application website to a domain name. Planning, writing prototype code, a static placeholder website, etc. will not be sufficient as minimal effort for this market.

Resolves NA if the trigger condition is not met. Otherwise, resolves to the logarithmic interpolation between nearest bounding answers(or to $1 if I start this but don't make any positive profit for the entire year). Units are "profit in USD". I'll add new options at multiples of 10 as needed before resolving.

Example: I make $500 in annual profit. The nearest options are $100 and $1000. Then this market resolves (ln(500) - ln(100)) / (ln(1000) - ln(100)) = 70% $1000 and 30% 100.

"Profit" is income minus expenses. I'll have to calculate expenses for my taxes, so e.g. OpEx will count 100% as an expense, CapEx will probably be weighted 20%. A salary to myself would count as an expense. Equity doesn't count as income.

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