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I'm looking at the current RedFin value of my house, the statement that "A lot of these properties are purchased by companies" and "Zillow is getting out of the
by Damogran6 5y ago
I'm looking at the current RedFin value of my house, the statement that "A lot of these properties are purchased by companies" and "Zillow is getting out of the flipping business" and thinking it was a problem of their own making. They've overheated the market to the point that they can't make any money, and a lot of people were having to spend more cash than necessary on a house that wasn't worth what they paid for it.
I don't have to move, I expect a 30% drop in value...it probably won't be as bad as 2008.