Zillow Tried To Screw Homebuyers...Got Screwed Themselves

I think we’re all too familiar with just how expensive housing has gotten over the past few years. A lot of the price increases can be explained by low-interest rates and inflation, but a good amount of it also has to do with corporate meddling with the real estate market. At this point, it’s no secret that private equity firms and large investment funds have been buying up single-family homes to flip them or rent them out. This has made it extremely difficult for the average person to keep up with the spending power and purchasing power of these massive corporations. One corporation that also entered this game was Zillow. After seeing private equity firms pull it off and entire startups being built around the concept, Zillow decided to enter the house-flipping business. The stock market was initially skeptical if Zillow could pull it off, but they gave Zillow the benefit of the doubt. In the end, it turned out that Zillow could not pull it off. They would end up burning nearly a billion dollars and shutting down the business altogether. This video explains the story of how Zillow tried to enter the single-family flipping business only to get burned and never return.

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Timestamps:
0:00 - The State Of Zillow
2:12 - Immediate Red Flags
5:34 - A Small Loss
8:42 - Getting Annihilated

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Видео Zillow Tried To Screw Homebuyers...Got Screwed Themselves канала Logically Answered