From what i've read about all their investment regarding this issue, many of the homes they purchased also needed extra investment/rehab. I think they tried their hand at automation/ai purchasing as they had a lot of data but something fell really short of expectations. What Z did is a bit outside of the current market norms so i wouldn't really use it as a market signal, i'm looking at it more as their idea/system just fell short. But at the same time i was expecting the housing market to go lower into the start of this year, boy was i wrong as the market dynamics changed fast.

Sure that makes sense, they thought they could power through not putting in the sweat equity and they were wrong. Thats definitely a reality.