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A comment on How Zillow's homebuying scheme lost $881M. Parent comment

Re:How Zillow's homebuying scheme lost $881M by ipaddr on Friday March 18, 2022 @03:15PM (#30726337)
It can happen because new homes are more expensive. People prefer new and will pay more. That raises the average price which raises prices on the existing supply.
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Re:How Zillow's homebuying scheme lost $881M by civilized on Friday March 18, 2022 @03:30PM (#30726483)
Or it lowers price on the existing supply because wealthier buyers are going to the new supply now rather than bidding up the existing supply.
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