4 ms·
very tough to build a model like this to purchase homes cause you hit a really rough adverse selection problem even if your model is 99% great , the 1% that yo
by rel2thr 5y ago
very tough to build a model like this to purchase homes cause you hit a really rough adverse selection problem
even if your model is 99% great , the 1% that you overvalue are going to be the sellers that come to you and agree to sell you their homes because your offer is too good to be true
- foogazi 5y agoThat’s the paradox of home buying / or any other bidding mechanism - did you get a good price ? No one else was willing to offer a better deal to the seller
- colinmhayes 5y agoYea, I'm sure everyone with a lemon house was licking their lips when they heard Zillow would buy sight unseen.