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Is it really fair to judge their algorithm on "one of the most expensive sales of 2016"? Only a tiny, tiny portion of the half million houses sold in the US eac
by JimmyAustin 10y ago
Is it really fair to judge their algorithm on "one of the most expensive sales of 2016"? Only a tiny, tiny portion of the half million houses sold in the US each year would be even approaching the 20 million USD mark. His service isn't intended to service the mega rich.
- nsxwolf 10y agoIt is intended to depress the net worth of middle class homeowners.
- douche 10y agoHow so? Zillow shows my house as being worth 50k more than I paid for it 11 months ago.
- 1stop 10y agoInformation asymmetry sometimes defines an entire market (like salaries!). When you take away that asymmetry you change the market. I don't know if that's a good or a bad thing, but I assume that is what the GP is getting at.
- obmelvin 10y agoHow do you know your house shouldn't be worth even more? I'm not actually saying that it is or should. I don't have a clue where you live or what percentage of the total value 50K is, but that doesn't mean much.
- JimmyAustin 10y agoNever assume malice when a shitty model will suffice.
- Chris2048 10y agoThat's what the oligarchy say.
- justratsinacoat 10y agoSufficiently advanced shittiness is indistinguishable from malice.
- eru 10y agoLower land values would be exactly what California's premier areas need to make homeownership affordable to the middle class again.
- galdosdi 10y agoYou don't need cheap land to get cheap housing. It is possible to build buildings with many floors.
- DominikR 10y agoHow do you know that this is a fact? This is a serious accusation that you make here.