3 ms·
Maybe because used cars cost/risk about 1% as much as houses?
by pille 5y ago
Maybe because used cars cost/risk about 1% as much as houses?
- bena 5y agoAlso, every car has scrap value. Houses don't have that.
- gruez 5y agoThe equivalent for houses is the land they sit on. In metros that could easily be worth more than the house, and in most cases it's worth more (in % terms) than the scrap value of a car.
- gruez 5y agoWhy? because the unit price is lower? Can't zillow just... buy less houses? I don't see anything different between zillow buying a $500k house and one hundred used cars worth $5000 each.
- djbusby 5y agoEasier to sell 50 cars than 1/2 of a house tho.
- gruez 5y agoWhile I don't doubt this effect exists, I seriously doubt it's a significant factor when you're dealing with 7000 houses. 7000 figure from: https://news.ycombinator.com/item?id=29081118 https://news.ycombinator.com/item?id=29081118