Zillow to stop flipping homes, loses more than $550M, lays off 25% of staff

Re:Zillow to stop flipping homes, loses more than $550M, lay... by oarabbus_ on Wednesday November 03, 2021 @01:07AM (#29091293)

P/E ratios of much of the S&P500 would indicate prices/values far over the fundamental value, yet investors continue to flock to large-cap equities in droves.

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by imtringued on Wednesday November 03, 2021 @06:21AM (#29092808)

It's a bubble but it's hard to fight it. US runs a trade deficit vs other nations meaning the trade surplus nations have too many dollars which they send into the financial markets of the US. They most likely buy international companies that have a presence in their own country.

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by selcuka on Wednesday November 03, 2021 @02:03AM (#29091527)

Not the same thing though. The ceiling here is about affordability, not the value of the asset. A house is a need for the individual buyer, not an investment.

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by oarabbus_ on Wednesday November 03, 2021 @07:02PM (#29101639)

That isn't true, even if it's not the majority, a significant number homes are purchased as rental/investment properties.

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