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  1. #18726
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    14,416
    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

  2. #18727
    Join Date
    Dec 2008
    Location
    Vacationland
    Posts
    5,912
    Awesome Harry


    Sent from my iPhone using TGR Forums

  3. #18728
    Join Date
    Feb 2010
    Location
    Portland by way of Bozeman
    Posts
    4,279
    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.

  4. #18729
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    3,716
    Quote Originally Posted by Harry View Post
    View from my island this afternoon.

    Click image for larger version. 

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Views:	148 
Size:	2.46 MB 
ID:	390449


    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"

  5. #18730
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    4,760
    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

  6. #18731
    Join Date
    Jul 2005
    Location
    Moose, Iowa
    Posts
    7,926
    Harry's Island smokeshack tours? Has a nice ring to it.

    Congrats!

    Sent from my SM-G991U1 using Tapatalk

  7. #18732
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    14,416
    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

  8. #18733
    Join Date
    Feb 2008
    Posts
    2,656
    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.”

  9. #18734
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,069
    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.

  10. #18735
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Time to short Phoenix.

  11. #18736
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    4,760
    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

  12. #18737
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    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".

  13. #18738
    Join Date
    Apr 2010
    Posts
    805
    First zillow owned home i found is asking less than zillow paid for it.

    Sent from my SM-G998U1 using Tapatalk

  14. #18739
    Join Date
    Oct 2009
    Location
    seatown
    Posts
    4,117
    c’mon benny, they just need to re-brand

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

  15. #18740
    Join Date
    Sep 2006
    Posts
    8,245
    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

  16. #18741
    Join Date
    Mar 2006
    Posts
    19,814

    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.

  17. #18742
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,069
    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.

  18. #18743
    Join Date
    Jan 2005
    Location
    cb, co
    Posts
    5,035
    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/?

  19. #18744
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Quote Originally Posted by 4matic View Post
    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.
    You should expand your timeline a little. Like, within the recent WFH Pandemic Gotta Have It RE Bubble. Talk about bucking the trend.

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  20. #18745
    Join Date
    Jun 2020
    Location
    in a freezer in Italy
    Posts
    7,181
    Quote Originally Posted by goldenboy View Post
    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/?
    Crazy how fast this played out for me since I didn't even know Zillow was in the home-buying business until last week and now they aren't any more. Oh well.

  21. #18746
    Join Date
    Aug 2013
    Location
    shadow of HS butte
    Posts
    6,398

    Real Estate Crash thread

    Quote Originally Posted by Benny Profane View Post
    You should expand your timeline a little. Like, within the recent WFH Pandemic Gotta Have It RE Bubble. Talk about bucking the trend.

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    First I’ve seen of this today on the news feed. Hilarious is an understatement. I wonder how many people who bought on in March ‘20 actually sold at or near peak, that woulda been a nice little ride.

  22. #18747
    Join Date
    Feb 2008
    Posts
    2,656
    So...what does this say about the accuracy of the Zestimate? Are all their estimated sale prices inflated?

  23. #18748
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,785
    Quote Originally Posted by dan_pdx View Post
    So...what does this say about the accuracy of the Zestimate? Are all their estimated sale prices inflated?
    I don't think it's that their estimates were inflated. It's that they failed to accurately predict market trends and overpaid (I think they've been paying over their published estimated).
    "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

  24. #18749
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,069
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    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. #18750
    Join Date
    Sep 2006
    Posts
    8,245
    Quote Originally Posted by liv2ski View Post
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    Good opportunity for some vulture capitalist slum lord billionaires to cash in.
    "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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