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The Cookout

Zillow Drives Up Home Values to Increase Their Profit

The Honorable

The Honorable

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    I’ve attached a video for the TL;DR crowd but basically Zillow:
    • Analyzes who is attempting to buy what and where
    • How much they can afford
    • It takes this data in amalgam and uses it to know where to purchase houses
    • It buys all the houses in an area for cash and then the last house they buy they’ll buy it for more so that it increases the value of al the previous houses it bought
    • They know people can afford the price difference because they know who is searching there and how much they can afford



     
    Reactions: educatedman23
    Jay

    Jay

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    Shocked Oh My God GIF by Unbreakable Kimmy Schmidt


    This is smart and devious all at the same time. This is why regulations are so important, they shouldn't be able to be able to be an analytics firm and then participate in the market at the same time. It's damn near like insider trading,
     
    • Mad Props
    Reactions: educatedman23 and sourgrapes
    Red Velvet

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    Jay said:
    Shocked Oh My God GIF by Unbreakable Kimmy Schmidt


    This is smart and devious all at the same time. This is why regulations are so important, they shouldn't be able to be able to be an analytics firm and then participate in the market at the same time. It's damn near like insider trading,
    Click to expand...
    We are slowly finding ourselves living in a dystopian fantasy novel.

    The cops will be robots
    484BE944-E968-4AC5-A28F-789C865D1FB1.jpeg


    all the property will be owned by

    ACAA3B48-A6ED-4A54-849A-BB7480756B17.png

    we will buy everything from

    F4714160-C641-4ED4-AC68-1EF2DD3A4F3D.png
     
    Reactions: educatedman23
    sourgrapes

    sourgrapes

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    This is legal!? I never use Zillow. I only use Trulia for house shopping and looking around. I wonder if they are doing this as well. I mean what kind of scam they trying to pull off here? How are you able to know if you are buying from a person or a bot for the site as well? I mean I have gone and seen houses that have owners. I have met them. I wonder if they are fake now lol
     
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    educatedman23

    educatedman23

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    The Honorable said:
    I’ve attached a video for the TL;DR crowd but basically Zillow:
    • Analyzes who is attempting to buy what and where
    • How much they can afford
    • It takes this data in amalgam and uses it to know where to purchase houses
    • It buys all the houses in an area for cash and then the last house they buy they’ll buy it for more so that it increases the value of al the previous houses it bought
    • They know people can afford the price difference because they know who is searching there and how much they can afford



    Click to expand...

    If this is true, I am so not surprised.
     
    educatedman23

    educatedman23

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    lexodyssey said:
    How is this legal? I feel like you can't do anything anymore. Everyone's trying to find a way to get more money from you. The housing market is bad enough and then throw this in? Insane.
    Click to expand...
    I wonder is this discrimination in a way. I am not saying that it is.
     
    educatedman23

    educatedman23

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    sourgrapes said:
    This is legal!? I never use Zillow. I only use Trulia for house shopping and looking around. I wonder if they are doing this as well. I mean what kind of scam they trying to pull off here? How are you able to know if you are buying from a person or a bot for the site as well? I mean I have gone and seen houses that have owners. I have met them. I wonder if they are fake now lol
    Click to expand...
    Zillow happens to be what I receive in my email every day. I might need to change to somebody else now.
     
    educatedman23

    educatedman23

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    Red Velvet said:
    We are slowly finding ourselves living in a dystopian fantasy novel.

    The cops will be robots
    View attachment 105


    all the property will be owned by

    View attachment 106

    we will buy everything from

    View attachment 107
    Click to expand...
    And all the cars will be electric and eventually controlled by robots. Get out of line (or say something the government dislikes) and bye bye freedom. Say hello to the social credit system. 100 percent controlled. 100 percent slaves.
     
    educatedman23

    educatedman23

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    Jay said:
    Shocked Oh My God GIF by Unbreakable Kimmy Schmidt


    This is smart and devious all at the same time. This is why regulations are so important, they shouldn't be able to be able to be an analytics firm and then participate in the market at the same time. It's damn near like insider trading,
    Click to expand...
    It most definitely is inside trading.