Zillow seeks to sell 7k homes for $2.8B after flipping halt

Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by shmatt on Tuesday November 02, 2021 @02:23PM (#29085369)

This article may not be a sign, but a different[1] article is a pretty decent sign

Zillow is also selling individual homes, not just this package. In their main algorithmic buying market of Phoenix they're selling individual homes, 93% of whom they payed more for than the new current listing price (and they usually do renovations before listing)

So Zillow VCs are essentially paying people to take a discount on houses in those markets. pretty sweet

[1] https://www.businessinsider.com/zillow-offers-ibuyer-sell-ph...

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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by crate_barre on Tuesday November 02, 2021 @02:30PM (#29085456)

Losing money is pretty sweet?

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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by gretch on Tuesday November 02, 2021 @04:14PM (#29086811)

Not for Zillow but for everyone else, yeah it’s value transfer from VCs to the he average person.

Same thing with Uber/Lyft/dash/movie pass. For years the general population received rich VC subsidized services. Pretty sweet

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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by ganeshkrishnan on Tuesday November 02, 2021 @06:05PM (#29088060)

Yes. You make up for it in volumes.

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