Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
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Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#2> World Economic Forum: Welcome to 2030. I own nothing, have no privacy, and life has never been better
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#3> World Economic Forum: Welcome to 2030. I own nothing, have no privacy, and life has never been better https://twitter.com/wef/status/849459333486317568
Poor Ida Auken. All she does is write a mildly provocative title, and look what happens.
Peter Bilmer's response in that thread is visually very clever, even if his politics are probably terrible. I'd like to know what the image at top right is. Some kind of startup accelerator?
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#4> World Economic Forum: Welcome to 2030. I own nothing, have no privacy, and life has never been better https://twitter.com/wef/status/849459333486317568
It's an issue, but this article is about flipping houses between homeowners, not holding homes as rental assets.
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#5> World Economic Forum: Welcome to 2030. I own nothing, have no privacy, and life has never been better https://twitter.com/wef/status/849459333486317568
I can't believe they actually posted that.
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#6> World Economic Forum: Welcome to 2030. I own nothing, have no privacy, and life has never been better https://twitter.com/wef/status/849459333486317568
Is this a relevant critique? You arent renting from these marketplaces (at least not today) - they’re just facilitating transactions
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#7I’m hopeful that this will cut the friction of buying or selling. Spending so much on brokers, taxes, and the various fees is out of hand.
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#8Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#9> World Economic Forum: Welcome to 2030. I own nothing, have no privacy, and life has never been better https://twitter.com/wef/status/849459333486317568
Is this a relevant critique? You arent renting from these marketplaces (at least not today) - they’re just facilitating transactions
> “It’s less about making money off that inventory, at least initially, and more about who can get the most inventory the fastest.”
> iBuyers have recently shifted “to a free-for-all, acquire at any cost strategy.” At present, both Opendoor and Zillow’s homes division are losing money in the process.
> “For some families, it may be difficult to compete, when they are trying to buy a house, with a company like that,” Quercia said, referring to iBuyers. “So if this was a widespread practice in some neighborhoods, it may create some concerns about a lot of the housing stock being owned by investors from outside of the community as opposed to households and residents.”
> The company, which is reportedly searching out a new $2 billion revolving credit facility, also announced this week that it is now willing to purchase the majority of homes in every one of its current markets.
> That would be welcome news for people like Alex Villacorta, the co-founder and chief data officer of ResiShares, an investment management company focused on residential real estate. “If they can get enough inventory flow, they’ll end up being a marketplace for investors,” said Villacorta. “We would be more than happy to buy in bulk off of them.”
Re: Zillow, Other Tech Firms Are in an ‘Arms Race’ to Buy Up American Homes
#10Does anyone remember the U.S. housing financial crisis?
"Homes are a place to live, not an investment"
The more things change, the more they stay the same.