“Regardless of how things turn out, Washington D.C. should be ripe for iBuyer redlining and block-busting by February.”
“The hotter the market, the less attractive it is for home sellers to let an iBuying company take a cut of the sale,” said Redfin Lead Economist Taylor Marr. “With home prices and demand surging, many sellers figure they can sell their home quickly without having to give away any of their profits.”
Redfin thus demonstrates that it understands at least half-way how pawn shops work: People only sell to them when they’re desperate. They have a solution, of course: Pay more. And since the point is churn, not profit, why not?
What’s fun is that sellers already understand the dipshit iBuyers completely: They’re the lesser gonophs when you’re the greater fool.
But: What happens when nobody’s buying – not even from the pawn shop?
Christmas Brutality: Hacking cancer, chronic pain, Sony and NORAD on Christmas Eve with Reggie and Shake.
You sneer at Reggie and Shake, but they’re making a killing right now in Bitcoin. Among the less-charitable:
Forbes: New Billionaire: Opendoor’s Public Debut Is A Big Win For CEO Eric Wu.
Redfin: iBuyer Home Purchases Were Down Nearly 80% Year Over Year In the Third Quarter.
Joel Kotkin: Peak Progressive? A sliver of hope for California.
FEE.org: New York Lawmaker Begs Goldman Sachs Not to Go to Florida: ‘Please Don’t Leave Us’.
RedState.com: That COVID Relief Bill Gets So Much Worse, and It Should Infuriate You.
American Thinker: Will we go quietly into the night?
