This post is mostly full of hot air. Not sure how much experience this person really has in data science as they contradict themselves multiple times. I think

This post is mostly full of hot air. Not sure how much experience this person really has in data science as they contradict themselves multiple times. I think the execs at Zillow bear almost all of the responsibility for this. The harsh reality is that anyone with a brain could see that they were going to face a serious adversarial selection issue (only homeowners with crappy homes would sell to them). They tried to put into place guardrails to prevent that but they systematically failed to prevent that . And I think they failed because they fatally underestimated how corrupt the real estate industry is. The inspectors and appraisers that were supposed to protect Zillow from overpaying failed to do their job systematically. I say this because I’m seeing homes from Zillow and Opendoor with major structural issues. No sane homebuyer would have paid what Zillow did for these homes. The only possible explanations are either: Zillow did not do their due diligence, or the inspectors/appraisers didn’t do their jobs. If it’s the former than Zillow is a cautionary tale. If it’s the latter then we’re definitely in a bubble again and the appraisers are going to be the target of more legislation down the road.