Re:How Zillow's homebuying scheme lost $881M
by IAmGraydon on Friday March 18, 2022 @06:33PM
(#30728430)
You honestly think 2 iBuyer companies would have the liquidity to move the entire housing market? I don’t think you understand the size of the US housing market.
If you’re in the top 2% of earners and can’t buy a home, you either live in a ridiculously expensive city (outlier) or have a money management issue.
Re:How Zillow's homebuying scheme lost $881M
by HWR_14 on Sunday March 20, 2022 @04:48AM
(#30741147)
iBuyers often move into a specific area. A huge percentage of Zillow's purchases was in one city in Arizona (or New Mexico, I forgot where). And two iBuyers in a city can totally move the market.
If you’re in the top 2% of earners and can’t buy a home, you either live in a ridiculously expensive city (outlier) or have a money management issue.