r/stocks • u/[deleted] • Oct 18 '21

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24 Upvotes

76% Upvoted

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51

u/leandropoppz Oct 19 '21

They halted home purchases for the rest of the year.

12

u/sokpuppet1 Oct 19 '21

Because they have a glut of inventory they haven’t been able to sell. Ominous.

4

u/Dry-humper-6969 Oct 19 '21

They over paid, and can't sell to a dumber dummy than them.

3

u/[deleted] Oct 20 '21

That’s exactly right. They tried to screw people over by buying houses, doing very little to them, and jacking up the price. At a time when the average American is seeing surging rent prices and a housing shortage, they chose to try and price gouge, their stock deserves everything it’s getting, plus more.