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A comment on Zillow seeks to sell 7k homes for $2.8B after flipping halt. Parent comment

Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by nkozyra on Tuesday November 02, 2021 @04:35PM (#29087005)
Doesn't this just trickle down to the renter, who has few alternative housing options?
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by thow-01187 on Tuesday November 02, 2021 @06:23PM (#29088279)
No. Landlords do not "produce" rooms by taking raw materials and transforming them into goods. In the current market, the rent is determined by how much the marginal renter is able to pay. Increasing the cost to the landlord doesn't magically increase the renter's ability to pay
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by candiodari on Thursday November 04, 2021 @10:20AM (#29107521)
That's true. It will reduce housing supply and drive costs up, but it will take a while to happen.
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by caterama on Tuesday November 02, 2021 @04:44PM (#29087102)
Costs trickle-down... Profits don't.
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by nkozyra on Tuesday November 02, 2021 @04:50PM (#29087181)
> Costs trickle-down... Profits don't.

Well, we're talking about costs. That's why I asked.

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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by donkeyd on Tuesday November 02, 2021 @04:41PM (#29087068)
This guy gets it.
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