Some twitter threads from Zillow insiders I saw around this referenced a couple things: * the pricing algorithm was good, but the business leadership got hungr

Some twitter threads from Zillow insiders I saw around this referenced a couple things: * the pricing algorithm was good, but the business leadership got hungry and kept overriding it with higher offers in the hunger to do more business. * they were trying to do so much business that they couldn't source the labor need to flip - painting, landscaping etc. They were so backlogged they were just sitting on houses they overpaid for (due to overriding the algorithm), and the constant cashflow aspect that makes flipping work at scale was destroyed Matt Levine's take was something like: if the pricing algorithm is good but it tells you that the flip strategy is only profitable on relatively small number of properties, then it's not profitable at scale cuz you're paying a big engineering team to create, tune and maintain it.