How Zillow's homebuying scheme lost $881M

Re:How Zillow's homebuying scheme lost $881M by bawolff on Saturday March 19, 2022 @07:56AM (#30733068)

So you're saying that in a capitalistic society, people with capital do better? Colour me shocked.

The landlord also takes on risk and responsibility here. Like any business, if they do a shitty job they go broke. If they do a good job, they make bank and expand their business.

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Re:How Zillow's homebuying scheme lost $881M by sobkas on Saturday March 19, 2022 @11:36AM (#30734617)

They will go broke if they do bad job at extracting money from their renters, not bad job at providing value to them. Also: https://www.wsj.com/articles/landlords-were-never-meant-to-g... , privatization of profits and socializing losses.

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Re:How Zillow's homebuying scheme lost $881M by bawolff on Saturday March 19, 2022 @03:34PM (#30736888)

Yes, same as any business. If you provide it for free you go bankrupt, if you charge too much you also go bankrupt.

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Re:How Zillow's homebuying scheme lost $881M by giraffe_lady on Saturday March 19, 2022 @10:02AM (#30733767)

No because you can't really decline to have a home if none of the options are good for you. If there are only shitty landlords then you'll be forced to choose a shitty landlord.

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Re:How Zillow's homebuying scheme lost $881M by bawolff on Saturday March 19, 2022 @12:09PM (#30734931)

I can't decline to eat. Food still costs money.

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Re:How Zillow's homebuying scheme lost $881M by giraffe_lady on Saturday March 19, 2022 @03:17PM (#30736776)

Yes almost there keep going.

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Re:How Zillow's homebuying scheme lost $881M by bawolff on Saturday March 19, 2022 @03:32PM (#30736876)

Instead of being condescending, can you just make whatever point it is you are trying to make?

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