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REPORT ABUSIVE REPLY
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Message Subject
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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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Poster Handle
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Anonymous Coward |
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Post Content
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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 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. It don’t matter anyway because the fucking hedge funds are going to buy them for cash and if that fails the Chinese will buy them up.
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