3 ms·
This article may not be a sign, but a different[1] article is a pretty decent sign Zillow is also selling individual homes, not just this package. In their mai
by shmatt 5y ago
This article may not be a sign, but a different[1] article is a pretty decent sign
Zillow is also selling individual homes, not just this package. In their main algorithmic buying market of Phoenix they're selling individual homes, 93% of whom they payed more for than the new current listing price (and they usually do renovations before listing)
So Zillow VCs are essentially paying people to take a discount on houses in those markets. pretty sweet
[1] https://www.businessinsider.com/zillow-offers-ibuyer-sell-phoenix-homes-at-a-loss-2021-10 https://www.businessinsider.com/zillow-offers-ibuyer-sell-ph...
- crate_barre 5y agoLosing money is pretty sweet?
- gretch 5y agoNot for Zillow but for everyone else, yeah it’s value transfer from VCs to the he average person. Same thing with Uber/Lyft/dash/movie pass. For years the general population received rich VC subsidized services. Pretty sweet
- ganeshkrishnan 5y agoYes. You make up for it in volumes.