Re:Redfin Is Leaving NAR
by philwelch on Monday October 02, 2023 @10:59PM
(#37747468)
That wasn’t the problem. If Zillow undervalued or correctly valued your house you would never sell to them, and if Zillow overvalued your house you would always sell to them. The valuations could be extremely accurate overall and it would still be a terrible business plan because of adverse selection.
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Re:Redfin Is Leaving NAR
by lotsofpulp on Monday October 02, 2023 @11:41PM
(#37747708)
If Zillow was overpaying for houses, then surely they were anticipating their prices to go higher.