Issue is Zillow invested heavily in home flipping. Left with significant

Jan 21, 2023
12:03:03pm

MajorZeus All-American

inventory and selling Pennies on dollar to get back what was invested. OpenDoor still in the business. Redfin also got out of the same type of business.

This message has been modified

Originally posted on Jan 21, 2023 at 12:03:03pm

Message modified by MajorZeus on Jan 21, 2023 at 12:03:28pm

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MajorZeus

Bio page: MajorZeus
Joined: Nov 25, 2012
Last login: May 16, 2024
Total posts: 14,640 (6 FO)

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Messages

Author

Time

This is kind of interesting. Zillow- the company that likes to tell everybody how much their house is worth- bought a

cheezedawg Saucy

1/21/23 11:45am

Sounds like the original estimate was close if you assume the property is ready

Big Daddy D

1/21/23 11:48am

Seems like there’s a missing piece to that story?

Memmo

1/21/23 11:51am

Issue is Zillow invested heavily in home flipping. Left with significant

MajorZeus

1/21/23 12:03pm

Or, moral: just because you know the current price, you may not know the next trend line

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