The Generation of Wireless Phone Technology, 5G and its impact on Real Estate.

The Generation of Wireless Phone Technology

“G” stands for “GENERATION”, it refers to what generation of the wireless phone technology is. For the non-tech savvy, a simple comparison of the “G” is as below:

  1. Zero generation (0G) referred to as pre-cellular systems.
  2. Year 1980-1990 (Michael Jackson Time!), 1G refers to the first generation of cellphone connection, capable of voice and it was an analog connection.
  3. Year 1990-2000 (The Flip Phone Era!), 2G provides benefits such as phone conversations that are digitally converted and introduced data services for mobile, starting with SMS, plain text-based messages, picture messages and MMS (Multimedia Message Service).
  4. Year 2000-2010 (Obama as president/Smart Phone Age!), 3G technology provides an information transfer rate of at least 200 kbit/s and provide mobile broadband access to smartphones and mobile modems in laptop computers, thus applicable to wireless voice telephony, mobile Internet access (data), fixed wireless Internet access (web browsing), video calls and mobile TV technologies.
  5. Year 2010-2020, (Mobile App Era) 4G is often up to 10x faster than 3G in real-world use, faster speeds will be most noticeable for high intensity use like large downloads. There are only 2 real possible downsides to using 4G, i.e. It drains more of your battery than 3G does and may use more data due to the higher speeds, especially if the 4G connection in your home is faster than your internet.
  6. Now-5G denotes the next major phase of mobile telecommunications standards particularly in terms of speed, enhance connectivity (multiple devices) and more efficient (lower latency). These are especially important as the number of Internet of Things (IoT) devices rises, along with the amount of data they generate. It will allow IoT to become a reality- a world in which connect to each other and everything else.

Source of information:

http://net-information.com/q/diff/generations.html

https://gorillagadgets.com/pages/tech-terms-explained-in-ways-we-all-can-understand

https://www.google.com/amp/s/www.forbes.com/sites/moneyshow/2019/09/12/5g-reits-where-tech-meets-real-estate/amp/

5G and its impact on Real Estate.

There is a big change coming with 5G that will impact real estate in a number of ways :

The demand for homes with “connected” fixtures, appliances and even building materials will be far more sought after than those that are not. Roofs soon will be connected and automatically report roof damage or if the gutters is blocked and need to be cleaned. Refrigerators will have sensors that send owner reminders when fruits/vegies are running low or order them automatically when finished.

With everything in a premise connected to the internet and collecting data, property managers and real estate owners will have unmatched access to usage analytics. Real estate agents will also be able to provide more engaging virtual reality (VR) tours better than before.

Real Estate Agents/housing developer could even begin offering virtual home tours via mobile apps and prospects could use VR to view several show units without having to step outside their homes/premises. It’s truly the next edge!

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