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05:13 PM
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Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff
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[quote:diverdan01:MV80OTUxNzYzXzkwNTM3MDcyXzI4RTc3NDk=] [quote:Butch DeFeo:MV80OTUxNzYzXzkwNTM3MDE1X0NBQjA0NTZD] [quote:Lord Earl of Greywater:MV80OTUxNzYzXzkwNTM2ODM1XzRFMjkxMTMz] [quote:Anonymous Coward 80750766:MV80OTUxNzYzXzkwNTM2Nzk1X0JGOUFCRTg0] Zillow is garbage They aren't dumping any houses We have a housing shortage anyways so it wouldn't be dumping in a bad way. This has nothing to do with the economy. This has to do with zillow being a shit company that was just wrong. [/quote] Millions of homes are at risk of foreclosure now that the moratorium on covid foreclosures ended in October The Shortage was Covid induced and is now over [/quote] those houses are not really at risk for foreclosure because what they do with all of those payments that they missed is just tack them onto the end of the mortgage, they don't force them to pay it all at once. however people might willingly put their house on the market because they just can't afford the payments and more houses might be available in inventory to buy, but it's not going to be foreclosures right away. [/quote] millions of small businesses have dried up with the covid lockdowns etc. I think those people are at risk of not being able to pay their mortgage..we will see. Son in law is big realtor guy and he thinks the zillow thing is significant. [/quote]
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