Bet the crash will be in housing again, and will be triggered by Zillow shennanigans
Sometimes the butler is the one you suspect the least because he’s the one you suspect the most. “Butler did it” meta edition
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Even the most optimistic projections of iBuyers put it at 1% of the market.
zillow.com/research/zillo
I don't know how to express this as a bet, but I would take a _large_ bet that iBuying does not cause an economic collapse.
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iirc the actual value of subprime mortgages in 2008 was modest, it was the leverage and domino effects that did it…
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Sure, but is your theory that a bunch of investment banks have collateral debt obligations on...Zillow?
I don't think you're wrong about a real estate bubble, just very very very skeptical any of us will be thinking about Zillow's aborted iBuyer division in 1 week.
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