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A comment on Zillow to stop flipping homes, loses more than $550M, lays off 25% of staff. Parent comment

Re:Zillow to stop flipping homes, loses more than $550M, lay... by datavirtue on Tuesday November 02, 2021 @06:57PM (#29088645)
Yeah, throw your model at: "contractors took six months longer than expected to finish the kitchen"

Extrapolate that out a hundred thousand times and you get a sense of what they were trying to manage. How did they predict remodel costs? Pre-pandemic material costs and back-of-the-napkin labor estimates?

[ Parent | on HN ]
Re:Zillow to stop flipping homes, loses more than $550M, lay... by kwertyoowiyop on Tuesday November 02, 2021 @10:22PM (#29090386)
LOL. It’s kinda like estimating software!
[ Parent | on HN ]
Re:Zillow to stop flipping homes, loses more than $550M, lay... by datavirtue on Wednesday November 03, 2021 @10:09AM (#29094775)
It's worse. These people are relying on unskilled labor hired by contractors to fulfill requirements they dreamed up in a game of telephone.

Mobilizing professional contractors is very difficult unless you are the highest bidder. And even then, shit happens...a lot.

[ Parent | on HN ]