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Thread: Real Estate Crash thread
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10-26-2021, 06:20 PM #18726
View from my island this afternoon.
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
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10-26-2021, 07:08 PM #18727
Awesome Harry
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10-27-2021, 04:19 PM #18728
Yup. I too learned that lesson the hard way.
Most of real estate is a giant scam, full of scummy fuckwits.
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.
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10-28-2021, 12:57 PM #18729
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10-28-2021, 02:56 PM #18730
Harry, will you be having a house warming party at the new island home? https://www.oregonlive.com/realestat...ing-price.html
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10-28-2021, 03:17 PM #18731
Harry's Island smokeshack tours? Has a nice ring to it.
Congrats!
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10-28-2021, 08:57 PM #18732
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
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10-29-2021, 02:15 PM #18733Registered User
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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.”
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10-29-2021, 02:18 PM #18734
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10-29-2021, 04:03 PM #18735
Time to short Phoenix.
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11-01-2021, 12:59 PM #18736
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
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11-01-2021, 04:10 PM #18737
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".
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11-01-2021, 08:08 PM #18738Registered User
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- Apr 2010
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First zillow owned home i found is asking less than zillow paid for it.
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11-01-2021, 10:04 PM #18739
c’mon benny, they just need to re-brand
faq #1
how will we control the model for bias?
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11-02-2021, 08:55 AM #18740
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
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11-02-2021, 02:54 PM #18741
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11-02-2021, 03:00 PM #18742
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11-02-2021, 03:55 PM #18743
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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11-02-2021, 04:46 PM #18744
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11-02-2021, 04:47 PM #18745man of ice
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11-02-2021, 04:55 PM #18746Registered User
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11-02-2021, 05:52 PM #18747Registered User
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So...what does this say about the accuracy of the Zestimate? Are all their estimated sale prices inflated?
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11-02-2021, 07:36 PM #18748"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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11-02-2021, 08:24 PM #18749
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11-02-2021, 08:59 PM #18750
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