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Zillow will start flipping houses in LA and 6 other US cities
- TokyoKid 7y agoWhat's to stop Zillow from making fake low-ball offers on homes, then making their own offer under a fake name, and thus getting homes at a discount and flipping them for profit? Likewise, they could simply buy homes, leave them vacant, and then sell them once prices are higher. Realtors (tech or otherwise) probably shouldn't be buying and selling homes themselves, but rather facilitating the buying and selling. Otherwise they will exacerbate housing bubbles, which are already past crisis levels in major cities.