As life continues to be shaped by large scale drivers like technology and demographics, so too does real estate. Here to talk about some ways that the game has changed in the last thirty years and weigh in on high-level factors that are influencing things today is Ben Miller, Co-Founder and CEO of Fundrise. Ben grew up in a real estate family and starts off our chat commenting on the real estate landscape in the 80s versus currently. Gone are the days of niched knowledge thanks to the ease with which information can be found online and Ben talks about how it is getting harder to find what he calls ‘alpha’ due to this. Ben has lived through three downturns and we explore some common trends between those times and our current moment. We zoom in on the topic of macros versus micro factors that affect real estate trends, and Ben talks about how bigger picture movements are harder to grasp in their entirety but of utmost importance to have at least some understanding of.