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Can you point me to the source that says they bought 15k homes in Q2 alone? Zillow says they bought 3,805 homes in Q2: https://s24.q4cdn.com/723050407/files/do

• ianai 5y ago
  This might be where google got that figure. Again, as I state above, I was using rough figures to get an idea of the magnitude of the funds they were devoting to their flipping/analysis unit. It looks like they were doing thousands of units instead of tens of thousands with discrepancies among the sources I'm finding in google: https://www.zillow.com/research/zillow-ibuyer-report-q2-2021-30011/ https://www.zillow.com/research/zillow-ibuyer-report-q2-2021... What's not changed is the fact they were leveraging a significant portion of their company's market cap into this segment and it resulted, so far, in them laying off a quarter of their labor and completely terminating the program - amongst other things. This is not good news for their business and prospects of continuing to be an ongoing concern.