‘IBuyers’ are selling Arizona homes for a loss. But why?
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- Опубликовано: 31 окт 2021
- The housing market is hot, and real estate marketplace sites like Zillow along with other so-called iBuyers have been contributing by buying up more properties.
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Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@@LionTowercoporation I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for the contributions, I will look her up online and do my due diligence. If She seem proficient. I`will write her an email outlining my financial objectives and scheduled a phone call.
Zillow got caught inflating prices....they overpaid for the houses...thinking they would flip them for bigger profit.
Got caught holding the bag. They were manipulating the market.
@Don Juan
What's funny is, the data to come up with the correct valuation is right there in Zillow!
All one has to do is take the sold prices and do the math long-hand.
Sacramento had a already huge influx of folks swarming from all parts of neighboring counties. Zillow definitely worsened the situation by trying to capitalize. No pity to Zillow
its worse than that. But no one talks about it. They basically are like housing mafia, unfortunately, they mistimed their move.
*KARMA AT WORK*
All the people who paid INFLATED prices for Zillow homes are gonna be PISSED when the market tanks.
I don't think you understand.... Zilliow OVER paid for houses and Zillow is selling said houses at a lost. Zillow is scraping this flipping part of there businesses and has lost Millions.
@@Stormie_LV it’s nice that they had millions to lose
@@Stormie_LV Perhaps you don't realize what Zillow has been doing - they have been buying houses, yes, often at inflated prices, but then selling them on _at a profit._ It is only their current inventory which has caused them issues, so there are undoubtedly _thousands_ of people across the US who bought houses from Zillow, many of which were likely at higher prices than if Zillow had not destabilized the market.
Or adjusts to where the comps should have been.
It call greed, nowdays there is no chance for anymore of this kind of stuff, they hurt the market overbidding to hog it all, now I prob know who ruined Many states house market
This couldnt happen to a more deserving company than Zillow, what a cancer they are to society.
theyre gonna make out just fine. this is them (and the other irealtors) popping the bubble and getting rid of independent realtors. dont forget, banks fund these guys. They know what theyre doing. Lehman all over
Zillow is laying off 25% of their Workforce...They overspent and now their unemployed.
they are decreasing their bottom line to increase profits. they are bursting the bubble. 2008 with no middlemen as they front for banks
Another thing that needs to happen to bring house prices down is charge higher property taxes for corporations and even higher taxes for foreign investors and even more for foreign corporations. Too many properties are being bought for cash by foreigners and foreign corporations.
No doubt, corporations are buying up porperty any where they can below market values and still not paying the same taxes as the citizens. It's extremely unfair. there should be be federal laws stopping states from offering tax incentives for corporations to move to their state. States should not be in business. They should be neutral and the tax rate for a corporation should be the same in every state. Thew tax payers get stuck with the clean up when the fail and when the make a mess. they simply file bankruptcy and walk away. Sure it's great when they are there but just providing jobs isn't enough. the jobs do create the tax base but the largest earners being the corporations get a free ride and at the end of the day a corporation isn't a mystical thing. They are people just like us getting a free ride.
WE should be like CHINA.. only US citizens can own property.. in chine only chinese citizens can own property.
@@HH-vk5wh I'm all for this. No citizenship? No ownership in real estate... at the VERY least residential property.
@@HH-vk5wh I would absolutely agree with that. I actually didn't know non citizens could own property.
I agree with this.
Good! Zillow and other company’s like them jack up the price and make millions they can afford to lose millions as well.
Plus they're laying off 25% of their Workers...
Thats true but there are still other jobs available that no one wants to take and if someone smart enough to realize this is a good opportunity to change carriers or jobs because no one wants to work .
@@nofsgiven3855 I hope not going to waitressing jobs.
Zillow out bought the average person and now selling to companies like Blackrock. Who loses? The average person trying to buy a home. Not done by accident in my opinion. We are slowly becoming a renter nation.
No they don't want the American dream of home ownership they want serfs and peasants who don't own anything.
Renter??, I foresee landlords getting rid of the homes
yes they will do anything they can to keep citizens out of ownership!!
This needs to be heavily regulated to protect individuals that are trying to buy a home.
@@thezonemtb i don't think you understand how corrupt the government and whole system is. Just like the wealthy getting richer and everyone else falling further behind. It's all done by design.
So Zillow believes their own z-estimates? That’s funny…nobody else does.
Zillow is copying my stock trading strategy: buy high, sell low. 😁
😹
Lol...
Newbies mistakes 😂😂we all been there
😂😂👍🏽
Bwahaha
Those houses 3 feet apart aren't houses. They're more like storage units.
In the USA, no one knows the real value of a house.
It's the same in other countries, especially in europe.
becuase it not base on the HOUSE its based on the LOT!!.. LOT in LA go for 100k to 500K.. with a house its the same price.. its the LAND not the HOUSE some houses are literally falling apart going for 500k in LA.. lol.
👍 oK
@@HH-vk5wh that why my 3 bed 2 bath in Thailand cost $70k, but it would cost 1.2 million here.
Ahh... So Zillow has been buying tons of houses competing against legit home buyers. Now they got stung. If everyone pays attention you can sting them again.
Zillow had undervalued my previous home by a lot for many years - leaving my home undervalued even when neighboring properties sold for higher prices. I sold my home for 730 K when zillow priced at 650K. So I am very happy that zillow is learning that its AI is not that intelligent.
Zillow has a zestimate and is not reliable I don’t think any realtor actually uses Zillow for value. Unless your sold by yourself 🦾🤷♂️
I went through the same thing with a different I realtor in Phoenix as well. They paid well over what the highest individual broker offered. Did the virtual tour on my phone and came back with a repair estimate about half of what any contractor was asking. We sold and made a killing. Early on I asked how can they offer so much more? Then I figured it out. They arent buying homes. They are buying debt as a lot of the irealtors are fronts for mega banks. Theyre gonna repackage the debt as a derivative, theyre gonna blow the top off the bubble, theyre gonna write down all the debt as a loss. Its 2008 all over again but they took out the middle men. When I asked how they could afford this (I know, really dumb move on my part) and suggested they were buying debt...the phone went silent for about 7 seconds. This is the collapse of the bubble.
It's called GREED. Anticipating a market, driving up prices artificially and hoping to get out before the inevitable crash. The neighborhood of ticky tacky 5000 ft sq homes, no yard, no greens, no trees, no landscaping. Looks like a gulag.
A house is only worth what someone will pay for it.
Zillow "What do you mean we have to pay rising property taxes, utilities & lawn care."
just cause some idiot is willing to overpay doesnt make the house worth it.
Not quite. In an overvalued market, such today, people are paying far more for property than its actual asset value.
Imagine if our government was more concerned with it's citizens ability to afford a home rather than chasing us with needles and dictating unconstitutional mandates.
Just these 3 simple steps would help restore residential RE in the U.S. to the people of the U.S.
1) You have to be a U.S. citizen for at least 2 years to buy U.S. RE
2) Corporations and conglomerates cannot buy residential RE
3) Anyone who buys residential RE has to live in the purchased property
This would eliminate foreigners, corporations, and other investors. Residential RE would be returned to what it was intended for, a place for real people/families to live.
Just because you paying it doesn’t make it worth it.
Zillow should buy houses in Detroit
Canada, please annex Detroit.
That's a fact
Ghetto with auto industry in shambles
There is a huge amount of beautiful property in Detroit
@@AlexanderWaylon Unfortunately its under total Democrat control , Taxes , Illegal Aliens , BLM . Higher Taxes , Antifa, Joe Biden " Build Back Better " Even Higher Taxes
I am a single woman making ok money (middle class)... This market is hurting us normal working single folks who are not making six figures and can afford to throw away money on overpriced garbage
Blame it on politicians poor planning practices and unwillingness to legislate against corporations and foreign investors buying up the single family homes. Aka the American dream.
you can easily afford a 500k home.. you just need to put down 30%.. and then get 1100 monthly payments. Most renters are paying their landlords 5% down monthly payments of 2300 a month.
the housing market increase was fueled by people fleeing from California ( who sold their homes for a astronomical price ) and investor such as Zillow and many others capitalizing on them. people from the northern part of cal went to northern states people from southern part went to warmer cities like phx and las vegas.. this housing bubble which saw housing prices increase 93% over the last 3 yrs people in the phoenix area making 14 15 -20.00 an hour cant afford 400-500-600k dollar houses... because of the housing price inflation it just created more inflation across the board.. SNOWBALL effect..........
And yet there are still stupid idiots who will deny your statement. Your statement is 10000% CORRECT!
Rents and House buying is just overpriced...way over.
In 1992 at $9.00 per hour, I paid my rent with one weeks pay and now at $24.00...it takes 2 paychecks. And the Gov't thinks you can save a small fortune to retire...cheers
@@dennistyler8746 it was MUCH easier to retire when there were pensions
@@robertsimon5869 Not to mention health insurance for life. Try finding a pension, nearly impossible.
Don't buy yet. A crash is right around the corner.
So is inflation
@@weldmin4818 or deflation...
@@dennistyler8746 and that would good for us, right ?
You are familiar with the tactic of operating at a loss to starve out competition? I dont know if that applies here, or if you could apply that to real estate, but I'm a pessimist, regarding the economy.
I build things out of metal and wood, so I don't claim to know crap about any of this.
@@weldmin4818 Lack of demand creates deflation. If nobody buys the massive number of houses they've purchased, the price drops like a rock.
As it is, the supply is greater than the demand. There are more houses for sale than there are buyers with the finances to afford to buy. Give it six months and the situation will go critical.
Those homes are going to be real cheap when there's no more water.
That's what happen when we only think about profit instead of thinking about the environment.
@@nntflow7058 profit = Money from people who want your product
Companies wouldn't pollute as much if you idiots didn't buy single-use plastics and fucktons of rare earth minerals every 5 seconds
We don't need water. We have Brawndo, it's what plants crave. It has electrolytes.
Well, that is too bad that Zillow is losing money they did make millions price gouging. What goes around comes around.
I wonder if this is a way for them to get some taxes recognition for their loses 😒🧐🤔🤔
I can answer that. If housing costs the same here as it does in San Pedro, CA then people would just move to San Pedro. Phoenix is alright but it cannot compete with that weather.
Hahaha
I can vouch for Phoenix. Six months out of the year the weather's great. The other six months you stay in your house and pay $1,000 a month for your air conditioner.
Not me…I’m hardly ever inside, always outside. Also when I do run my a/c my bill is super low
San Pedeo is great 👍 love Gaffey Park
Zillow makes me sick! Despicable company.
Analysis does not equal prediction!
(Zillow announced they’re completely exiting this business)
Imagine if our government was more concerned with it's citizens ability to afford a home rather than chasing us with needles and dictating unconstitutional mandates.
Just these 3 simple steps would help restore residential RE in the U.S. to the people of the U.S.
1) You have to be a U.S. citizen for at least 2 years to buy U.S. RE
2) Corporations and conglomerates cannot buy residential RE
3) Anyone who buys residential RE has to live in the purchased property
This would eliminate foreigners, corporations, and other investors. Residential RE would be returned to what it was intended for, a place for real people/families to live.
I disagree from a business standpoint. From a personal standpoint, quality of life and property values are generally better when all the neighbors own their homes. There are, of course, exceptions. My worst, most selfish, noisy, sloppiest neighboring household is an owner. My best, neatest, most respectful neighboring household is a renter.
Our government in the guise of the FED is financing this home buying spree by corporations. The FED has been doing this with almost zero rates for a decade now. Corporations like Havenbrook and Lessen, to name two, have bought up thousands of homes only to rent at scandalous prices.
Zilliow selling house for a loss but still higher than the house should be, don't list your house for 390k sells for 412k and zillow resells for 387k for a 350k house
Exactly What an F'd up world. Might be $350k again in a year
Hey folks the "Bubble is Bursting". Soon I'll be pick up a nice place for a couple of rolls of Gold Eagles.
Nobody remember the Great Recession?
That first guy should buy his house back, move right back in with 25k in his pocket.
I watched another "news" story where they interviewed someone at Zillow. The company made a mistake and is apparently pulling out of the house flipping market. This story states they are only pulling back a little. I guess we will see in a few months.
Oh well, good because Zillow along with others, has been getting over for quite some time now.
Buyers must hang on for the next 18 months. It will change then.The big buyers know the market is about to tank and they are just cutting their losses before they become co-
loss- All!! Btw, Arizona as a hot spot has reached saturation point. People who bought over a year ago from elsewhere are already having buyer's remorse for 9 to 10 months of searing heat amid all that tan, tan, tan, beige and tan.....,Hey but January February and March in Phoenix is just great....
Selling at a loss means that you overpaid and doesn't mean that you are selling under value.
I think the better question is why Zillow didn’t wait for prices to go up, maybe they see something coming 🤔
When you paid 4 times what a house is worth,of course you are going too lose your money .
Backlog in renovations is probably an understatement. Finding workers today is a real problem and expensive.
From what I have read Zillow doesn't really do renovations but just superficial cleanups and paint jobs, maybe a nail here or there. Just a pretense to inflate the prices. Sounds like a highly unethical, corrupt company.
Part of the issue is finding contractors, they underestimated the flipping, it is not easy
Who wants to live in those neighborhoods with no character? Every house is the same, what a joke.
Get some regulations going regarding this. Simple as that. Regulate.
Yes, more regulation from an incompetemt government is just what we need.
Hope this helps my home search. I've been searching for months, and all of a sudden 90% of the properties disappeared from the market in the past 60 days. Obvious that something changed.
Zillow is forcing a bidding war. They'll either make it back, or have a very nnice tax write off. Either way, Zillow wins.
Only if thy don't go bankrupt before the year end...
Zillow is not just hitting "pause" on buying, they are closing their house buying division. Flipping houses is a difficult business - this is why there seems to be more people running "get rich flipping real estate" seminars than there are people actually flipping houses. Corporate lethargy is fatal to profits in flipping - because profitability in flipping often comes down to quick turnarounds. The longer a flipper holds on to a property the greater chance that neighborhood could go through a decline in pricing.
Undervalued homes are easy to buy, superficially "update" and resell but there aren't any of those anymore. Because of Zillow and other investors.
Lake mead is low on water so arizona and others south western states are gonna get brown outs and have no water soon.
Amazing how this companies have enough money to lose!!! Their not hurting! They calculate this
These people are justifying price gauging their homes 🤣…..I guess since they see everyone else doing it, it must be righteous.
Why not?? If some fool buys it then good for them. Wouldn't you like to make the most of your investment ?? Of course you would..
@@rebelyell1580 Artificially inflated and only a fool would buy.
Phoenix stinks as a place to live another version of Los angelos
Yes it smells as you drive through the highways
@China Boss 😂😂
Only hot as hell.
@@usaisnojoke Better off up north but quite expensive in Flagstaff, last I knew. Anywhere there's trees is nice. Can always visit "Hot as Hades" Phoenix in the Winter. As it is I spend my time in the Northeast. Only 3.5 months of Summer. Cheers...
I live in Los Angeles, it's much worse here.
"Neighborhoods with identical homes identical soccer moms and identical kids called Jake and Jennifer "
I wonder if Zillow got caught price fixing by boosting housing prices by over paying.
They only made up 0.16 percent of the market, far too small to fix a market. They made bad investments and over paid.
@@allaboutroofing2 of the market where? Their buying was concentrated in certain neighborhoods. How many buys coming in over asking start to affect a market in a neighborhood? Also, the way they disposed of the properties was suspect. Big gains for some investors who got 7000-9000 properties well under asking. They washed those losses right into other investors pockets. Look at covid. The powers that be know exactly how to nudge a hysteria into existence.
theyre popping the bubble to get the bailout and write offs
Zillow is able to write losses off because they are a business. And when the market goes back to normal, they will be able to sell the rest of their inventory at a profit. They bought these homes at record low interest rates as well. I see them doing this again in the future and continuing to buy up large amounts of homes, but low balling owners in a time in the future when demand will not be as high, and owners will have to take whatever they offer. At that point, Zillow becomes a monopoly that will control the real estate market all together. Possibly even renting out the homes they buy as well.
That guy should've bought his own house back from Zillow and profited with $25K!!!
I heard somewhere that even if Zillow takes a loss on selling your home Zillow still makes some money selling your information to 3rd parties at an exponentially higher rate than Google or Facebook.
Per their privacy policy, they do not do this.
@@phenom7689 I read that they don't but they allow 3rd party trackers to monitor how you use Zillow. Using Zillow to just look at houses isn't worth as much as actually using some of their services that's where they make the money.
Zillow over inflated home prices, I call that price gouging.
When prices are pushed up by a large net _buyer,_ which then suddenly stops buying and only wants to _sell,_ it could destabilize the market. I.e. the market flips from shortage to excess supply, then there could be a _sharp_ drop in prices.
That's also a market correction. Prices are to high and no one should think their house is now worth 4 times what it was a few years ago....cheers.
I hope the feds Investigate and regulate Zillow and OpenDoor !
bingo and lots and lots of debt to write off after covid
No one is going to buy a home at a fair market. whether it lists for 400k, it will sell for $440k. the reason for the pause, too expensive for Zillow to remodel the home. They are waiting for lumber prices to drop.
Have you thought they may be cleaning money…..?
This is what happens when you let an algorithm run on its own without checking it.
And the algorithm uses the numbers you publish which are fake
This is what happens when capitalism is out of control!!
Zillow has already laid off 1/3 of their renovation crew. Specifically the estimator side of the reno. The others see perhaps 30 days of backlog before they too are going to see their pink slips. Zillow isn't pausing, they are getting out of the buying market.
Money laundering.
Bingo
Buy your house back for lower than you sold it at a lower interest rate!!!! Im a Realtor and that is a delicious prospect!!!!!!!
Zillow bought house in FL 235,000 trying resell for 510,000 it's med size home not worth it
Why does Zillow actually buy houses themselves? They are supposed to be a search engine for buyers, not a retail store like amazon for houses.
Wow I wish that would happen here in New York, with less property taxes.
The bubble was due to burst. It always does.
Classic signs of a peak and a bubble created by the FED buying of mortgage back securities driving interest rates artificially down. Don’t they have economists at Zillow. they are willing to lose 100s of billions at their stockholders expense.
Headline: IBuyers are selling at a loss. Story: Zillow is the only IBuyer selling at a loss
Exactly, I was waiting to hear about other "buyers" and scrolled the comments. What is this, damage control for Zillow?
Zillow is also taking losses in Texas.
Sellers should think about the future of home ownership if they sell to this big companies regular buyers don’t have a chance and the future people won’t own their homes if they keep doing this.
The thing is there should homes also for young families that are starting out, otherwise the best things young people can do if there are no yet well established is leave expensive states and then who going do all the basic support work than those expensive states will have problems kind of what is happening right now in the UK.
It should be illegal to own more than one home for people and corporations.
Month to month and year to year sales are down across the nation. It appears the RE market is cooling down. Of course, it depends on your location.
I'm looking for a rental do you have one for someone who can help me for Winslow Gloucester township
Zillow used their own Zestimate as a base price to purchase and then added 7% to make the offer attractive. In their own qtlrly statements they said they wanted the seller experience to be positive. They are no longer buying now and they are unloading them after also finding out they could not get the homes improved in time. None of these ibuyers are making money right now.
Cracks in an extremely overvalued market, as the fools refuse to pay attention to them.
They did it to drive up comps. No mistakes.
And how exactly would that benefit them? Weird comment…
@@RolexCowboy to sell for more. Supply and demand
@@NeverStop909 so to bid up the prices on the homes they were buying? Yeah, makes a lot of sense…
😂😂😂
It’s a system, they do not care about tens of millions of dollars loss,that’s peanuts to them😂
They’re holding out for the longer run for them and their game plan .
The housing market is strong here on the east coast of Florida. But with rent prices up, I'm finally able to afford some of the bills. People think you pay nothing for repairs. Think again. I may have my first year making a profit this year. I finally got rid of the renter who was destroying the septic tank. Lied and lied. Finally I just raised the rent to get rid of her.
No water!!!
Price doesn't concern me as much as sensible payment terms.
"Mr. Seller, if you can be flexible on payment terms, then I can offer full value."
"Mr. Seller, which is more important to you: How MUCH money you get, or WHEN you get your money?"
Creative financing solves huge problems for both buyer and seller.
I loved seeing the old "Million Dollar Listing" New York, Miami, Los Angeles, Vancouver, BC but NOW I want to see how these real estate man bun RR driving guys handle a DOWN MARKET. Except Vancouver.
Zillow has said they will be closing their I buying segment. Laying off 25% of their staff and they are looking for a single buyer to purchase 7000 homes at average 400k each.
Is anyone talking about the looming disaster in the SW region (Tex, Ariz, Nev, NM, Cal) as water dwindles and people continue to relocate, seemingly without information they need?
This video aged well
There are some business where your tech is not all you need to succeed especially when it comes to USE. The small mom and pop business will always have the advantage, lean, mean machine and not new cookie cutter.
Zillow is not really an iBuyer, they are an iFlipper who flops.
Zillow is the classic financial illiteracy of confusing capital gains (buy low sell higher) with yields from passive income.
Investing in real estate is about yields by passive income, not capital gains.
SOON, THEY WILL HAVE EXTREMELY LIMITED, HIGH PRICED WATER AND WATER GENERATED ELECTRICITY
They sell at a loss but make it up with volume!
Selling one home at a loss and selling thousands of homes at a loss = selling at a loss. If everything they list is being sold at a loss, then how does volume make up for it (rhetorical question).
Arizona's horrible public education strikes again...
@@rhenry7369 When people don't get a joke they're commonly known as dense.
And fees at closing
Actually Zillow is stopping ibuying and closing that department and cutting 25% of employees.. also I wouldn't buy any zillow owned properties because they are Actually still listed at higher than what the houses in the area are Actually selling or even listed at. Same goes with opendoor..
Crash is coming letst get 2010 prices back.
Yes it’s is. I need to remodel my kitchen. Lol last crash I bought an entire kitchen, cabinets stove, refrigerator and all for 350
@@Phxshadowz where do I need to look for that when the crash happens? Is it being offered by homeowners or builders? Where fb?
People have been saying that since 2016...there is no bubble and there is no crash. Fed injected so much money into economy and this money has to go somewhere so its going into real estate and stocks. Now unless the Fed extracts the money out, nothing will crash.
@@medicalcareer5463 Well 2016 was definitely to early to see a crash! Zillow and Open Door are dumping their inventory at a loss. This tell you something. The government can't keep bailout people and businesses forever. With no inventory on the shelves this Christmas year many businesses will end up closing down, jod lost, mortgage not paid, foreclosure, home values drop, people will walk away from there 500k mortgage on 200k home. Just like in 2006
@@rimc8783 what do you mean with no inventory on the shelves?
Jobs seem to be very good and almost every one I see and know is working at least where I am. My company is hiring a lot and other companies are hiring as well. Trust me, I want the prices to come down. I didn't buy a house a few months ago hoping the prices come down but they are about 100k up since 3-4 months ago and I can no longer afford it. I don't see any signs of crash. Economy is booming. Jobs are plenty and the Fed is keeping the party going. Everyone is happy and drunk enjoying the party for the time being. I would appreciate it if someone could show me why there will be a crash coming...
390k? Can’t buy a 250-300 sq foot studio for that price where I live ...maybe I need to move to AZ
Thought you were upside down before...watch out...get ready to go for broke
Personally, I bought my 1600 sqft house in Charleston sc area in 2014 for 130 k. Sold it 7 months ago for 262k. Bought 8 acres for 85k with 2 functional septic and well systems on it. There is wonderful 05’ rusty single wide on the property which is surrounded by majestic oak, ash and pecan trees. First 2500.00 takes it!!! This thing is priced to move. Cash and carry, get it out of here!!! Just kidding it’s uninhabitable (what do I know, someone was living in this thing). Schumacher homes just tried to extort me, but they got the wrong one. I am sitting out here in a 32ft rv tapped into the well septic and electrical. A housing crash is basically when prices drop by 20% or more. Anything less is considered a readjustment. Here we have positive job growth. ( not yet back to 18 months ago). Wages are not the greatest. There is a positive inbound migration from those pesky communist states. So yes I am gonna wait until quarter 2 next year to build when a couple of my crypto positions are gonna show massive returns. I am stacking up some side money now to buy a cfd on bitcoin when it reaches 85k, anyone agree with that?
The sellers who cashed in are thinking “SUCKERS”
The problem is, a rising tide lifts all boats. They likely paid an inflated price for their new home, so didn’t benefit from the windfall.
@@genxx2724 I can absolutely refute this. We made over 450K in less than 20 years on ours.
@@cynicalidealist2301 I think you missed my point.
Yes, I wish I was a seller
Their eyes is bigger than their stomach!
Zillow "What do you mean I have to pay rising property taxes, utilities & lawn care."
Glad to hear Zillow is losing money. Greedy bastards.
isn't that legal to do? the market value is inflating by Zillow. somebody should do something about this ibuyer peep
Zillow is playing Monopoly and the entire country is the game board.
In an inflated housing market, its not a "better deal".
Your missing something ✅
By 2030 you won’t own anything
And you’ll be happy 🎯
Hug ur children ❤️
Master plan 🔮🐑