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You are right that the pricing is more accurate. But it is more accurate for a company trying to increase their own revenue, not someone trying to own and occup

You are right that the pricing is more accurate. But it is more accurate for a company trying to increase their own revenue, not someone trying to own and occupy a house (most Americans, based on home ownership rates). The calculations used are entirely different and so is the capital available. In the world without this type of behavior, that pricing difference could be captured by an actual homeowner over the life of their mortgage. It's another thing we are seeing "optimized" right in front of us. Meanwhile, housing, education, and healthcare get more expensive for actual humans.

lotsofpulp 5y ago
> But it is more accurate for a company trying to increase their own revenue, not someone trying to own and occupy a house (most Americans, based on home ownership rates). Also for the house seller (prior to the company), who is getting paid a more accurate, higher price. And a price is accurate all the same for buyer and seller, since there exists a range with the minimum price the seller wants to receive and a maximum price the buyer wants to pay. The smaller this range, the more accurate the price. With more data and more accurate projections, it may be possible for current owners to capture more of the gain that may have happened down the road.