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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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Replying to
Might not be a pump and dump. They have tonnes of data on the housing industry and maybe they just have pricing signals that the rest of us don't? Thus they're willing to take bigger bets
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