“The Incumbent” said everything it takes to get an “investor” ejected from my car – the clueless things people insist on when they have huge dreams and zero experience. The stupidity of the “business plan” was obvious to everyone who has brokered real estate, but it was this – the risk of wrecking the real estate market – that turned me against the iBuying “idea.”
Barton sold his bullshit as a benefit to consumers, of course: That’s how all bullshit gets sold. But his own high regard for his Presbytyrannical apple-polishing is betrayed by his ignominious exit from his “investments.”
Zillow bought thousands of homes from owner-occupants that will now be turned into rental housing – gradually degrading every neighborhood Barton betrayed. They have more than enough money to sell the homes retail, as intended, but they are cutting and running because that’s just what preening sociopaths do.
The Zestimate is the joke that dominates the conversation, but as anything other than a rapid-bankruptcy plan for inept agents, Zillow is a menace.
In other news:
Chronicles: California Exodus.
John Di Leo: Kyle Rittenhouse And The Streets Of Kenosha.