You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
RE: Zillow, if your market making business has holding times measured in months, you better be sure you're hedging out housing market delta! if your backtests assume high turnover and you can't move inventory, then guess what? The alpha you thought you had just left the building
Like, you can't say with a straight face "we are a market maker we don't take directional risk on the housing market" and then hold a ton of houses on the balance sheet. In doing so you are, eo ipso, taking a directional view--you're long houses!
And this is before we even get into the issues of toxic flow, where Zillow also clearly got rinsed by more informed counterparties who took them to the woodshed on pricing because it turns out that nonfungible illiquid assets are hard to price algorithmically
Yep. They’ve found a way to be even more illiquid than @zatapatique’s counterparties on the structured credit desk
do you think the housing market could be represented by an NFT? and could it be traded rapidly?
Probably not? I confess I haven't thought deeply about the question but I mean people actually want the legal rights and square footage associated with real property ownership, not just a signifier of ownership. They want the real McCoy imo
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
