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> Aggregators like Padmapper helped for awhile Everyone that attempts to address the housing market just winds up realizing how lucrative it is to not fix it
by vmception 5y ago
> Aggregators like Padmapper helped for awhile
Everyone that attempts to address the housing market just winds up realizing how lucrative it is to not fix it
Once they get a little data and hire some agents its just a reversion to the mean
- lupire 5y agoHow is it lucrative? Would a pad mapper intentionally make some listings bad in order to reduce effective supply?
- vmception 5y agoThe better or best example is Compass really
- hattmall 5y agoBecause you can use your position to promote expensive listings with more profit. A truly functional aggregator would lower prices by creating efficiencies. It's more profitable to let the market utilize price discrimination as long as the favor is to the supply side. If there is an oversupply then the aggregator would work to raise prices and would be more profitable. Right now the most profitable renter favoring model would be an aggregator that charges renters a fee. The problem is the same people don't rent frequently enough so customer acquisition costs would likely be too high.
- rdtwo 5y agoSimilar how truecar pisses off the dealers and had to stop offering useful info that lowered prices
- deleted 5y ago[deleted]