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A comment on Zillow has listed 93% of the hundreds of Phoenix homes it owns at a loss. Parent comment

Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by GDC7 on Sunday October 31, 2021 @06:06PM (#29060906)
They might not understand supply&demand and economics but they understand violence and that's all they need to.

The burden of the proof is on Zillow, they are the multibillion behemoth

[ Parent | on HN ]
Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by sokoloff on Sunday October 31, 2021 @06:11PM (#29060939)
The burden of proof for what? That they’re the highest/best bidder for a house (or are the bidder that gives the most certainty or otherwise most appealing to the seller)? I trust the seller to make that determination.
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Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by GDC7 on Sunday October 31, 2021 @06:16PM (#29060990)
Highest bid means nothing, moratoriums on institutional ownership of housing units are not a new concept.

If enough angry people are energized then the highest bid from Zillow or BlackRock or BlackStone...won't mean anything.

Matter of fact it can be reversed.

Public opinion is the ultimate free market and it works via the allocation of love and hatred by the populace.

Landlords gets a lot of hate as it is, think when the landlord is a multi-billion dollar company.

[ Parent | on HN ]