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I'm a little bit confused about what their strategy was. As I understand it, house flippers usually buy houses, do some renovations to add value and then sell i
by jklein11 5y ago
I'm a little bit confused about what their strategy was. As I understand it, house flippers usually buy houses, do some renovations to add value and then sell in under a year at a higher price. It sounds like Zillow tried to buy homes and hold them until they appreciated? Was there any data that supported that this would be successful?
- yellow_postit 5y agoThey were also trying to make upgrades and expecting they could lower the costs through scale eg give painters steady work at lower rates because they were a single party with lots of inventory.