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.
Quoting: Anonymous Coward 80750766 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.
