Re:How Zillow's homebuying scheme lost $881M
by chii on Saturday March 19, 2022 @02:49AM
(#30731742)
> who are willing to go to 105% to do?
i too, want to only pay less money than the highest bidder for the mona lisa.
There's no such thing as 105%. By definition, iBuyer paying "120%" is the true 100%. If they overpay, they lose when there's no buyer after them to sell to, and their debt will not be serviceable. At that time, the "105%" buyer could buy at a lower price.
i too, want to only pay less money than the highest bidder for the mona lisa.
There's no such thing as 105%. By definition, iBuyer paying "120%" is the true 100%. If they overpay, they lose when there's no buyer after them to sell to, and their debt will not be serviceable. At that time, the "105%" buyer could buy at a lower price.