Why Khosla Ventures Is Excited About Bungalow

The video discusses the potential of the real estate company Open Door, highlighting the vast opportunity in residential real estate, which remains largely untouched by technology. It emphasizes the need for the real estate sector to modernize, similar to other industries. The concept of Rated Bungalow is introduced, which involves transforming older homes to meet the demands of millennials in urban areas.

In what way does the text suggest that real estate needs to adjust to the modern world?

What demographic is driving the demand for urban environments according to the text?