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  1. #18751
    Join Date
    Sep 2010
    Location
    Shuswap Highlands
    Posts
    3,351
    Quote Originally Posted by Harry View Post
    Closed on the island today. Feels good.


    Sent from my iPad using TGR Forums
    Congrats Harry!

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  2. #18752
    Join Date
    Aug 2008
    Location
    Where the climate suits my clothes.
    Posts
    5,062
    ^^ Agreed. Harry, you definitely need to make friends with a local little person and post TRs with matching suits.

    Even more props if you are both cutting/building with jackets and ties!

  3. #18753
    Join Date
    Feb 2008
    Posts
    1,733
    I was kind of offended that when I got one of those calls and I told them my price was $1m (cue Dr. Evil), they told me "it's not worth that". No shit, but you're the one cold calling homeowners.

  4. #18754
    Join Date
    Nov 2005
    Location
    Making the Bowl Great Again
    Posts
    13,421
    Quote Originally Posted by Benny Profane View Post
    No, no, you're supposed to say you got inquiries and asked some ridiculous amount in return. Then you'll feel so much better swinging your penis in cyberspace.
    Keep flickin' that bean, Benjamin.

  5. #18755
    Join Date
    Sep 2006
    Posts
    6,021
    Churn and burn. It's bad enough out there for the little guy, but only getting worse when you are competing against big money for a house. But at some point the algorithm doesn't work.

    https://finance.yahoo.com/news/housi...130000479.html

    Realogy Holdings Corp. and Home Partners of America, a single-family landlord that Blackstone acquired this year, are expanding a joint venture that competes with Zillow Group Inc., Opendoor Technologies Inc. and other companies seeking to simplify the process of selling a home.

    The venture, RealSure, named former Walmart Inc. executive Katie Finnegan as its first chief executive officer, signaling plans to accelerate growth.

    “We’re backed by two of the most renowned real estate leaders in the ecosystem,” Finnegan said in an interview. “We should be a material player in the market and a trusted companion to both customers and agents.”

    Realogy, the owner of Corcoran Group, Sotheby’s International Realty and others, teamed up with Home Partners to launch RealSure in late 2019 in an effort to keep up with a growing field of iBuyers -- companies that use technology to make it easier for regular people to sell their homes.

    The iBuyers practice a new spin on home-flipping that uses price-estimating software to generate rapid offers. When owners accept, they acquire the property, make light repairs, and put the home back on the market.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  6. #18756
    Join Date
    Oct 2011
    Location
    Aspen
    Posts
    1,751
    Quote Originally Posted by BCMtnHound View Post
    Congrats Harry!

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    Congrats Harry. Hopefully you can find a Nick Nack for the necessities

    Click image for larger version. 

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  7. #18757
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    11,636
    View from my island this afternoon.

    Click image for larger version. 

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    Sent from my iPhone using TGR Forums
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  8. #18758
    Join Date
    Dec 2008
    Location
    Vacationland
    Posts
    4,542
    Awesome Harry


    Sent from my iPhone using TGR Forums

  9. #18759
    Join Date
    Feb 2010
    Location
    Portland by way of Bozeman
    Posts
    3,870
    Quote Originally Posted by old_newguy View Post
    Same.

    Probably still would have bought the house, but some of the obvious shit I’ve found…

    Lesson: never take a referral for a home inspection from your own real estate agent.
    Yup. I too learned that lesson the hard way.

    Most of real estate is a giant scam, full of scummy fuckwits.

    Quote Originally Posted by Toadman View Post
    Churn and burn. It's bad enough out there for the little guy, but only getting worse when you are competing against big money for a house. But at some point the algorithm doesn't work.

    https://finance.yahoo.com/news/housi...130000479.html
    Ugh, gross. In other words, they can use their endless capital to buy up any inventory (and quickly, at that), price any competition out in the process, control the market, then sell it like you buy an iPhone. Help us all...

    While real estate has been ripe for disruption for some time now, I didn't expect to see this sort of financial chicanery.

  10. #18760
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    2,969
    Quote Originally Posted by Harry View Post
    View from my island this afternoon.

    Click image for larger version. 

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    Sent from my iPhone using TGR Forums
    FKNA Harry. Congrats and please share more pics when you get a chance.

    You need to change your location on TGR to "My own private island"

  11. #18761
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    3,304
    Harry, will you be having a house warming party at the new island home? https://www.oregonlive.com/realestat...ing-price.html

    Sent from my Pixel 3 XL using TGR Forums mobile app

  12. #18762
    Join Date
    Jul 2005
    Location
    Moose, Iowa
    Posts
    7,138
    Harry's Island smokeshack tours? Has a nice ring to it.

    Congrats!

    Sent from my SM-G991U1 using Tapatalk

  13. #18763
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    11,636
    Harry’s Island
    https://www.tetongravity.com/forums/...d.php?t=343856


    Sent from my iPad using TGR Forums
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  14. #18764
    Join Date
    Feb 2008
    Posts
    1,733
    Haha: https://www.bloomberg.com/news/artic...lipping-fumble

    Money quote:
    Zillow’s roughly 250 active listings in Phoenix are currently priced at 6% less, on average, than what the company paid for the homes. That amounts to a $29,000 discount on the typical property, according to data compiled by Mike DelPrete, a real estate tech strategist and scholar-in-residence at the University of Colorado Boulder.

    “Every key metric I’ve seen from Zillow over the past few months just doesn’t make sense,” DelPrete said. “It’s like it’s making decisions two to three months too late relative to the market.”

  15. #18765
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    16,265
    Time to short Zillow?
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  16. #18766
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    49,269
    Time to short Phoenix.

    The world is perfect. Appreciate the details.

  17. #18767
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    3,304
    Quote Originally Posted by Benny Profane View Post
    Time to short Phoenix.


    https://www.marketwatch.com/story/zi...er-11635785293

    Zillow stock dives after analyst highlights two-thirds of homes bought are underwater
    Last Updated: Nov. 1, 2021 at 1:00 p.m. ET
    First Published: Nov. 1, 2021 at 12:48 p.m. ET

    Cities where highest percentage of Zillow owned homes in which list values are below purchase prices are San Diego and Phoenix

  18. #18768
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    49,269
    Quote Originally Posted by stalefish3169 View Post
    https://www.marketwatch.com/story/zi...er-11635785293

    Zillow stock dives after analyst highlights two-thirds of homes bought are underwater
    Last Updated: Nov. 1, 2021 at 1:00 p.m. ET
    First Published: Nov. 1, 2021 at 12:48 p.m. ET

    Cities where highest percentage of Zillow owned homes in which list values are below purchase prices are San Diego and Phoenix
    Haha. Somewhere somebody is making a sweet income sitting on his laptop working from "home" and typing shit like this:

    “While we do think that [Zillow’s] issues are likely transitory in nature, we do think it highlights the importance of strong property level and market data,” Yruma wrote. “From a [long-term] perspective, we maintain that [Zillow’s] changing customer focus (the agent is the customer in the IMT business vs. the consumer in homes) may for unanticipated (and likely negative) compromises.”

    Dude, the fucking stock halved in one of the great housing price bubbles of the post Great Housing Bubble crash. Duh. And he calls that "transitory".

    The world is perfect. Appreciate the details.

  19. #18769
    Join Date
    Apr 2010
    Posts
    725
    First zillow owned home i found is asking less than zillow paid for it.

    Sent from my SM-G998U1 using Tapatalk

  20. #18770
    Join Date
    Aug 2005
    Location
    Depends on the time of year
    Posts
    134
    From that Marketwatch article's comments section:

    "I’m an Agent in Colorado and helped my clients sell their home to Zillow at the end of August. The Z offer was $643,000, my market analysis showed it was worth 590,000 tops. I told them to jump on it and move twice if needed as this was too good to pass up and Zillow’s algorithms had messed up. We closed, Z just put it on the market 3 weeks ago for $622,000, home sat for 21 days w no offers, they just reduced it to $599,900 and went under contract today . They’re under water at least $42,000 on this one in northern COLO. Goes to show you the algos aren’t always so smart. But I was and my clients are THRILLED"

  21. #18771
    Join Date
    Oct 2009
    Location
    seatown
    Posts
    3,659
    c’mon benny, they just need to re-brand

    faq #1
    how will we control the model for bias?

  22. #18772
    Join Date
    Sep 2006
    Posts
    6,021
    Worm may be turning, or at least has definitely slowed down in a lot of markets.

    https://www.yahoo.com/finance/m/9b29...e-cutting.html

    “Monthly home value growth has slowed from its record-breaking pace this summer, inventory is up for the fourth month in a row and more sellers are cutting their list price. This all points to less competition for home shoppers, but make no mistake, the housing market remains clearly tilted in favor of sellers,” says Zillow senior economist Jeff Tucker. Indeed, the latest Zillow market report released in October notes a slight softening in for-sale markets, with monthly home value appreciation slowing for the first time since January. The Zillow report also reveals that inventory of for-sale listings rose for the fourth month in a row, along with more sale listings cutting prices, which is beneficial for home shoppers. Looking ahead, Zillow economists expect the typical home in the US to increase in value 4.7% over the next few months, resulting in an increase of 11.7% by August 2022.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  23. #18773
    Join Date
    Mar 2006
    Posts
    17,778

    Real Estate Crash thread

    Quote Originally Posted by 4matic View Post
    Zillow owned house going for less than they paid two months ago.
    https://www.zillow.com/homedetails/3...18614239_zpid/
    That was an easy call. Just search there in data. They’d be better off going into the rental business and carrying the losses.

    Interesting that the stock is really not that much lower than it was a month ago.

  24. #18774
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    16,265
    I am just here to say fuck Zillow. I would laugh if those greedy fucks had shot themselves in the foot with a shot gun from about 3 inches away. Ya, buck shot.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  25. #18775
    Join Date
    Jan 2005
    Location
    cb, co
    Posts
    4,258
    Quote Originally Posted by liv2ski View Post
    I am just here to say fuck Zillow. I would laugh if those greedy fucks had shot themselves in the foot with a shot gun from about 3 inches away. Ya, buck shot.
    You can at least laugh at them since they're shutting down their whole ibuyer thing and laying off people in that division. https://www.geekwire.com/2021/zillow...-bet-falters/?

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