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Search Results: “zillow” (page 1 of 35)

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Overnight News: If “Artificial Intelligence” had any brains, it wouldn’t let Zillow CEO Rich Barton throw it under the bus for his absurd, deliberately-uninformed “investment” assumptions.

“Dogs have brains but not minds. Never wise, always diligent.”Here are three facts about intelligence: Your dog is not intelligent, nor is any entity lacking a properly-functioning thinking brain. “Artificial Intelligence” is quite a bit less intelligent than your dog – and it is never capable of even the most basic forms of awareness, understood biologically. […]

Overnight News: Zillow CEO Rich Barton, the world’s richest dipshit real estate “investor,” leaves ruin as his legacy.

“If you won’t pick up after your own dog – what does that make you?”As previously dreaded, Zillow CEO Rich Barton is electing to leave devastation behind him, as he demonstrates to everyone’s dismay that he is by far the world’s worst real estate “investor.” “The Incumbent” said everything it takes to get an “investor” ejected […]

Overnight News: Astute billionaire Rich Barton, CEO of Zillow and The Incumbent of everything Brad Inman can sell out, takes only three years to discover he sucks at selling real estate.

“Imagine a puppy who takes three years to house train…”Well. It turns The Incumbent has a calculator on his phone. Even billionaires can identify a stupid business – eventually. On July 19th, 2019, I took OpenDoor’s business praxis apart in public, demonstrating all their foolish marketing errors. Hundreds of OpenDoor staffers read that article. I think […]

Overnight News: In the easiest real estate market ever, Zillow discovers that real estate brokerage is hard work and decides to take a breather.

“If you tell me you’re a bird dog, it doesn’t mean you can fly.”Here’s an interesting question: Given that we know that the iBuyers gouge buyer’s agents, could it be that they also gouge all their other vendors? This could explain why Zillow has discovered that it is unfit for the house-flipping business: It can’t get […]

Overnight News: The secret to Zillow’s flavor of iBuying? Sucking at real estate helps them sucker real estate agents – which is where the real money is.

“Financing dogs? That’s so last century. The trickier way? The purebred puppy of your choice for FREE – by signing this 15-year dogfood contract.”I wrote the other day about Zillow’s losses on its iBuyer “investments” – incomprehensible losses considering that this is one of the few times when it is possible to make money on non-producing […]

Overnight News: If Zillow can lose $30,000 per “investment” in the hottest seller’s market ever, how much can it squander once the market turns?

“Praise a dog for soiling your house and watch what happens…”Zillow’s first-quarter results are out, and the message is plainly obvious: Milk the idiots, but don’t be the idiot. They won’t learn. The only successful “disruption” in proptech, so far at least, belongs to Zillow: They replaced supermarket real estate magazines with the Zestimate™. The difference […]

Overnight News: Sy Simms: “An educated consumer is our best customer.” Zillow: “Yeah… Not so much.”

“To understand ‘informed discretion,’ consider all the things your dog has devoured that he shouldn’t have.”If you sell your home to an iBuyer, you will net around 94% of the offered price, after the accumulated impacts of the fine print you did not read are deducted. If you list your home for sale with me or […]

“Apparently, Opendoor and Zillow and Knock and Flyhomes and Offerpad have been wasting hundreds of millions on all those data scientists and CompSci Ph.D.’s from Stanford.” –Rob Hahn

That sounds right to me. 😉 The waste is not their salaries but the financial havoc they wreak as the very-most-backseat of drivers. That is to say, iBuyers suck at real estate investment, and their hubris prevents any sort of improvement. “Are YOU notorious? Have you ever BEEN notorious? Well, I have… Not necessarily wise […]

The news is not that Zillow is going to have agents. It’s going to have newbies for agents.

Housing Wire: A Zillow spokesperson told HousingWire that these people are already employed with Zillow, and will be getting real estate licenses. Zillow said it will not be recruiting for these positions. “The normal career path is real estate agent to barista, but Zillow’s changing all that!”It’s a boiler-room job – in the same article, George […]

Are Zillow and Trulia thrashing savagely in a blood-red ocean? Here’s a clue: Both of them are jumping the shark.

Is the business model of all the Realty.bots daft? It is Citron’s primary thesis that Zillow is a Web 1.0 business presenting itself as a Web 2.0 investment. The entire premise of Web 2.0 is that smart managing and publication of information interactively to users can scale tremendously, while costs remain fixed. But unlike Netflix, […]