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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 naasking on Sunday October 31, 2021 @06:26PM (#29061073)
> Home prices and rents are up because of low interest rates and nimbys who block new construction. Corporations buying homes have literally nothing to do with it.

TIL that pouring a truckload of gasoline on a brushfire has nothing to do with why the forest is currently burning out of control.

[ Parent | on HN ]
Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by rsj_hn on Sunday October 31, 2021 @06:36PM (#29061141)
TIL that the ownership structure of an asset purchaser is responsible for controlling asset prices rather than fundamentals like interest rates and rates of return. I guess Blackrock is responsible for high stock prices, too.
[ Parent | on HN ]