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A comment on Americans Are Still Spending Like There’s No Tomorrow. Parent comment

Re:Americans Are Still Spending Like There’s No Tomorrow by lotsofpulp on Monday October 02, 2023 @10:51PM (#37747401)
Zillow is a biased party, being a business that earns its income from home sales. They very well could publicize different figures than what they really think, although I think it is more likely that they simply do not have the ability to predict prices any better than most others.

Which is why they lost a ton of money in their home buying/selling division and shut it down.

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Re:Americans Are Still Spending Like There’s No Tomorrow by hackernewds on Tuesday October 03, 2023 @12:02AM (#37747824)
that sounds illegal. if a platform has monopoly pricing power, especially on something like housing
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Re:Americans Are Still Spending Like There’s No Tomorrow by lotsofpulp on Tuesday October 03, 2023 @12:39AM (#37748053)
Zillow has zero pricing power. Hence they lost a ton of money and shut down that part of their business.
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Re:Americans Are Still Spending Like There’s No Tomorrow by willis936 on Tuesday October 03, 2023 @12:19AM (#37747940)
afaik price fixing is only illegal when two parties conspire. If anyone knows about market manipulation regulation please correct me.
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