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🧐 Zillow is a pump-and-dump scam? Why is the world so endlessly grifty.
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Replying to @Gladvillain
This is the alleged grift: Zillow buys up a lot of houses for the going rate. Then they pay way over ask for one house in the neighborhood, which raises the estimated prices for all the other 'comparable' houses. Zillow then sells the other houses at a profit which they created.
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I never even tried being a grifter. It seems like a lot of soul-crushing hard work. Honesty is kinda the laziest option.
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The libertarian trading culture wishes for that world. A world where anyone less smart than them is separated unceremoniously from their wealth one tick at a time. It's their Thielien fantasy.
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