Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff | |
Parrot in Flip Flops User ID: 57652523 ![]() 11/05/2021 12:46 PM ![]() Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. 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 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. In the past, they called in the mortgages and back then the situation was not anywhere near this bad. Banksters are ALWAYS behind the rise and fall of the economies because they print however much they want and make the $$ WORTHLESS......it is not INflation, it is controlled THEFT!!! Those who refuse to Self Govern will always be Governed by Others! There are far, far better things ahead, than any we leave behind.....C.S. Lewis |
Anonymous Coward User ID: 69646787 ![]() 11/05/2021 12:53 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79442578 ![]() 11/05/2021 12:59 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. I don't see a housing shortage near me. There are tons of new developments and houses being created/built everyday. Sometimes I REALLY think we're all living in one of 2 alternate timelines. I often see things that others in my life don't, and vice-versa. Am I the only one experiencing this? No, I am experiencing this too. We live in Florida, and housing construction is off the chain! I keep hearing TPTB calling for no more single family dwellings, and good bye to gasoline, but more and more gas stations, car lots, car washes, and single family homes are being constructed. I don't get it either? |
Thoughtmaker User ID: 80282935 ![]() 11/05/2021 01:02 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. Correct information here because original statement is false. Zillow is only a website that collects information from the MLS listings. It has no houses to dump. Only brokers control listings. This is crazy erroneous info. Thoughtmaker |
Anonymous Coward User ID: 79487234 11/05/2021 01:05 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. 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 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. Every realtor is a transparently dishonest piece of shit. I can smell your posts |
Anonymous Coward User ID: 77352838 ![]() 11/05/2021 01:14 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. Just the facts there. My wife's in real estate and we always laugh at the people who want to sell because their "zestimate" put their house at some stupid high price. I hope this and so many other of the new "disruptive tech" companies go broke. Tech has reached the point where new business models can be developed that circumvent current laws and regulations, Some section of the public is then fleeced before govt., which can't pass anything that does not include a tax hike, takes a look at it. |
Anonymous Coward User ID: 80756778 11/05/2021 01:17 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Damn y’all are nosy neighbors. Glad I don’t have any neighbors I’d be annoyed if they were studying my movements and habits Quoting: Anonymous Coward 74523764 It's not being nosey, it's being aware of your surroundings and noticing details. Situational awareness is very important these days, especially when it concerns where you live, shop and work. Could prevent a future disaster. Being nosey and illegal spying, is what Barack Obama and the government do. Huge difference. |
oniongrass User ID: 80835184 ![]() 11/05/2021 01:23 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. Zillow thought there was a housing shortage too, that is why they thought buying up housing would be a gold mine, but then they probably realized the shortage is an illusion created by large financial institutions and foreign investors cornering the market on housing. The financial institutions are sitting on a lot of houses and have been for a long time. In fact many of the houses that have been bought up are being converted to rentals to cover the cost of upkeep, while they sit on the banks balance sheets. And that upkeep is the problem of trying to corner the market in housing vs trying to corner the market on silver, which has been attempted before; homes cost a lot in upkeep. None of the shortages are real, including the housing shortage. The economy is not even real and hasn't been since quantitative easing started back in 2007. Hell the market was green when the global production shutdown and oil was in the negative. We live in fantasyland on the other side of the looking glass, nothing but financial crooks using financial tricks to game the system now. The corruption has become endemic. Does anyone know of these bank-owned houses? Because there sure aren't any around here. There used to be hidden inventory around here. Now it's all gone and new construction happening on undesirable lots. . DON'T VAX, PROPHYLAX! ____________ There is no anger in Me: If one offers Me thorns and thistles, I will march to battle against him, And set all of them on fire. But if he holds fast to My refuge, He makes Me his friend; He makes Me his friend. (Isaiah 27:4-5) |
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pool If we met now would we be friends? User ID: 80073096 ![]() 11/05/2021 01:59 PM ![]() Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Have anything to do w mask mandate? the Universe is a free lunch, and does not require any sacrifice. Anonymous Coward 81194699 suffice it to say that the divine will of all consciousness is devoted to your return to unity. Anonymous Coward 80354296 |
Anonymous Coward User ID: 80456781 ![]() 11/05/2021 02:12 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. Yes they were in the Phoenix area. |
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Windsage User ID: 79526427 ![]() 11/05/2021 03:17 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Hum lets see. A shitbox in a shithole town, 250k. They "dumped" houses where? Quoting: Feathery Likely all in the higher end 700k and up range, that is the range most couples today expect to pay in major cities, 400k in secondary cities, for nice neighborhoods. There is no housing to buy. I'm beyond desperate, I have no idea where to go or what to do. I cant handle a reno, I already live in a home that needs a complete remodel and I can't get it done. Can you try to refinance your mortgage? I just did that, it was easy-peasy. I pulled out $30,000 to pay off all my debts and also buy a wood stove fireplace insert so that I have heat if the electric grid goes down. My only monthly payment now is my mortgage and utilities, and my mortgage payment is less now than it was previous to the refinance. Hire somebody to do the heavy parts of the reno, you can do the finish work yourself later. Last Edited by Windsage on 11/05/2021 03:17 PM |
justavet User ID: 79227013 ![]() 11/05/2021 03:46 PM ![]() Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff I'm in the midst of selling a house. Zillow has it estimated at $30,000 less then my asking price. Why? They don't know the house has a small private lake (11 acre lake with 5 owners). The house had a deposit on it the first day on the market. The deal fell through because my realtor screwed things up big time. Since that time I have had several offers that were about 15K below asking. The fact is that construction costs today are north of $200 a square for a custom home in this area. The house will sell and I can hold out for the spring market. justavet In the end, our regrets are for what we didn't do, not for what we did. |
Anonymous Coward User ID: 80429525 ![]() 11/05/2021 03:54 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. I don't see a housing shortage near me. There are tons of new developments and houses being created/built everyday. Sometimes I REALLY think we're all living in one of 2 alternate timelines. I often see things that others in my life don't, and vice-versa. Am I the only one experiencing this? I’m in SW Florida and homes and apts are being built left and right but today I stopped at Aldis. I had not been there in about 1 Month. Boy was it scary to see the emptiness on the shelves. They are getting emptied and emptied. Inventory is getting worse. And food cost is up It feels very eerie to walk in a store 1 month later and so much less food is available. But they keep building and building homes. Maybe Zillow is just not a good business model and they did something to screw up their business. Either way I think Inventory as a whole is on the downside. |
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Anonymous Coward User ID: 54346707 ![]() 11/05/2021 05:06 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. I don't see a housing shortage near me. There are tons of new developments and houses being created/built everyday. Sometimes I REALLY think we're all living in one of 2 alternate timelines. I often see things that others in my life don't, and vice-versa. Am I the only one experiencing this? Go into an Applebees, it's like going back in time. The music and atmosphere all feel like it's 2007 still. |
VegasRick User ID: 81068503 ![]() 11/05/2021 05:11 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23740487 ![]() 11/05/2021 05:42 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. Yes, I agree. 7000 homes is nothing in the grand scheme of things. The supply in Colorado for example would certainly benefit from some additional supply. Who the hell cares about the Californicators and Arizona. The rest of retiree will see this as a buying opportunity. Zillow had to do this because they bought at the top in places where prices had gone too high. |
Bloody Peasant! User ID: 77533687 ![]() 11/05/2021 05:46 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Love this guy's videos This business will get out of control. It will get out of control and we'll be lucky to live through it. -Admiral Josh Painter The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia. -Orwell Bloody Peasant |
Anonymous Coward User ID: 73960537 ![]() 11/05/2021 05:48 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. I don't see a housing shortage near me. There are tons of new developments and houses being created/built everyday. Sometimes I REALLY think we're all living in one of 2 alternate timelines. I often see things that others in my life don't, and vice-versa. Am I the only one experiencing this? No, the "half" you're referring to on here are schizos. |
Bloody Peasant! User ID: 77533687 ![]() 11/05/2021 05:48 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff In the area Zillow bought they overpaid and manipulated the market through their zestimate valuations. Those same markets are having price drops and longer days on market while zillow is holding the bag. The housing market is going to crash/correct massively over the next 2-4 years in all areas but it will be much worse is areas that saw a doubling of home values in the past 2 years. Count on it. Last Edited by Bloody Peasant! on 11/05/2021 05:49 PM This business will get out of control. It will get out of control and we'll be lucky to live through it. -Admiral Josh Painter The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia. -Orwell Bloody Peasant |
Robinr999 User ID: 63255705 ![]() 11/05/2021 05:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80409159 ![]() 11/05/2021 06:26 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff i didn't watch the video because of the retarded sensationalism. 94% crash? even in a total doom scenario, no asset will drop 94%. ie. a house that is now 300k will go down to 18k. uh... no. sorry. Dow at 35k drops to 2100. uh... no. not in this reality. I can't watch the total idiots that have to use a total retard leader line of 94% crash. Lol you assume too much and didn't watch |
Jungleboogie User ID: 18564362 ![]() 11/05/2021 07:34 PM Report Abusive Post Report Copyright Violation | Re: Zillow lays off 25% of their workforce dumps 7000 homes onto the market as Biden's economy slides off the cliff Zillow is garbage Quoting: Anonymous Coward 80750766 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. You're incorrect. Zillow had a houseflipping AI proggy they were using which worked great, until they saw it stopped making money. They shut the whole thing down instantly and layed off the ENTIRE DIVISION. Why do you think that is? HOUSING CRASH (or correction) ![]() Always pay attention to your elite masters. You can make money if you observe closely. I'm hoping it does crash, I want to buy another house. Embrace the cognitive dissonance. |