Zillow listings suck. They don't police the listing types or criteria at all, so agents just put whatever they think will get hits in the description. (even if that's not what people are looking for)
Check Apartment: "This beautiful 3 bedroom single family home could be yours today."
Check Empty Lot: "Live in luxury at The Condominiums on 5th St."
It also commonly assumes I may want to buy an entire apartment building. Only $50m.
It's armchair quarterbacking but if I had the time and desire I could make a much better real estate site with tools that show you the market trends, with combined crime, economic, and social scores for neighborhoods. The only thing Zillow has going for it is drawing a line around neighborhoods.
Hard to tell with players like Black Rock in the market. I've been looking for the markets to top and that might be starting to happen. I pretty much pulled out of the market as everything was at 10 year highs. That's usually the signal to lock in profits even if you leave the party a little early.
Now I overpaid for some farmland, but it was the acreage to fill in gaps around what we already owned so now we have a 498 acre continuous block. However that land hasn't been available in 60 years and if I didn't get it now it may not come available again in my lifetime.
ZH's Sunday article on this had a good point, emphasis mine:
Launched in 2017, Zillow's iBuying arm uses a wide array of real-estate data with the goal of quickly and efficiently acquiring properties to flip for a profit. The program has vacuumed up properties across the country to flip, only to be met with fierce competition from services such as Redfin, Offerpad and Opendoor. And according to iBuying analyst Mike DelPrete, Zillow's competitors aren't having the same problems - with Opendoor's median home priced $4,400 above what they paid (which, quite frankly, is also pretty terrible).
Oh man, the latest schemes in housing are insane. I went through a fake Zillow, talked to a fake person, and nearly signed a bad contract for a broken house I didn't even know was actually owned by the people I was talking to. This happened several times in many different layers of scam. I was impressed at how well it was done.
Zillow listings suck. They don't police the listing types or criteria at all, so agents just put whatever they think will get hits in the description. (even if that's not what people are looking for)
Check Apartment: "This beautiful 3 bedroom single family home could be yours today."
Check Empty Lot: "Live in luxury at The Condominiums on 5th St."
It also commonly assumes I may want to buy an entire apartment building. Only $50m.
It's armchair quarterbacking but if I had the time and desire I could make a much better real estate site with tools that show you the market trends, with combined crime, economic, and social scores for neighborhoods. The only thing Zillow has going for it is drawing a line around neighborhoods.
Hard to tell with players like Black Rock in the market. I've been looking for the markets to top and that might be starting to happen. I pretty much pulled out of the market as everything was at 10 year highs. That's usually the signal to lock in profits even if you leave the party a little early.
Now I overpaid for some farmland, but it was the acreage to fill in gaps around what we already owned so now we have a 498 acre continuous block. However that land hasn't been available in 60 years and if I didn't get it now it may not come available again in my lifetime.
I certainly hope so.
ZH's Sunday article on this had a good point, emphasis mine:
'Terrible' is probably an understatement.
Oh man, the latest schemes in housing are insane. I went through a fake Zillow, talked to a fake person, and nearly signed a bad contract for a broken house I didn't even know was actually owned by the people I was talking to. This happened several times in many different layers of scam. I was impressed at how well it was done.