Zillow Collapse Proves AI is not Perfect: Let Me Explain

History does not repeat itself but often rhymes. When it rhymes, it can be predicted by AI algorithms. In this context, the prediction refers to the future price of a house after renovation within a range of a few months. The volatility that we experienced in the labor market or supply chain during the past two years, makes the prediction near impossible compared to the times before the pandemic. AI is a powerful tool for prediction; however, it only works if the future is built upon the past.