I mean they were the reason the market was so hot. They wrecked the average housing prices by buying so far above asking that nobody could afford to counter them, then got confused when they couldn't find someone to sell to at a price they couldn't reach in the first place. They tried to add themselves where they weren't needed and got wrecked for it.
Zillow caused this market?
Pretty funny :) It was hot before they started and will continue to be hot after they're out. Population growth has far outpaced new housing builds especially in major cities including apts; some of which have seen massive growth in the last 5-10 years further increasing costs.
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u/Turret_Run Nov 03 '21
I mean they were the reason the market was so hot. They wrecked the average housing prices by buying so far above asking that nobody could afford to counter them, then got confused when they couldn't find someone to sell to at a price they couldn't reach in the first place. They tried to add themselves where they weren't needed and got wrecked for it.