![\"\"](\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/Screen-Shot-2020-09-22-at-9.57.47-AM.png\")
\u201cTotally not redlining!\u201d<\/p><\/div>The image is a map of Zillow’s sold iBuyer homes in the densest parts of Metropolitan Phoenix.<\/p>\n
See that Madonana-like shape running West from the I-17 Freeway. Looks like a pregnant single-mom, doesn’t it? The poster-child of fair-housing law, right there on the map.<\/p>\n
Looks like redlining, doesn’t it?<\/p>\n
I’ve been watching Zillow’s iBuying results for years now. It always looks like redlining. I warned them about it when I was working as a pricing algorithm.<\/p>\n
Is it really<\/em> redlining? It’s the further fruits of a buy-box that wisely avoids old, small and irregular housing. For all of me, Zillow’s buy-box is much too loose, but the net consequence is that much of the housing Zillow excludes is in contiguous neighborhoods emerging West from the I-17.<\/p>\n Is it really redlining?<\/em> The neighborhoods Zillow and the other iBuyers exclude<\/em> in Metropolitan Phoenix are far browner, blacker and redder than the neighborhoods they include.<\/em> That’s redlining de facto,<\/em> by disproportionate impact.<\/p>\n Is it possible for investors to work from a buy-box that does not redline in disproportionate impact terms? I don’t see how. The buy-box my investors work from is much<\/em> more stringent, to the point that we only work in a few subdivisions, by now.<\/p>\n Is it possible for licensed real estate brokers to work as investors without committing hundreds of de facto<\/em> materially-damaging fair-housing violations by means of redlining? I don’t see how.<\/p>\n That’s why investors should not be licensed, for one thing, but I think it illuminates how poorly thought-out are all the “black lives matterers” among the iBuyers.<\/p>\n Have fun when the lawsuits start \u2013 particularly since you’ve all already declared what racists you are.<\/p>\n","protected":false},"excerpt":{"rendered":" \u201cTotally not redlining!\u201dThe image is a map of Zillow’s sold iBuyer homes in the densest parts of Metropolitan Phoenix. See that Madonana-like shape running West from the I-17 Freeway. Looks like a pregnant single-mom, doesn’t it? The poster-child of fair-housing law, right there on the map. Looks like redlining, doesn’t it? I’ve been watching Zillow’s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,542,6,5,27,19,25],"tags":[],"class_list":{"0":"post-17096","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-ibuyers","8":"category-marketing","9":"category-real-estate","10":"category-redfincom","11":"category-technology","12":"category-zillowcom","14":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17584,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17584\/overnight-news-hey-redfin-is-it-really-catch-a-falling-knife-if-youre-redlining-drastically-to-stave-off-exsanguination\/","url_meta":{"origin":17096,"position":0},"title":"Overnight News: Hey, Redfin: Is it really \u201cCatch a Falling Knife\u201d if you\u2019re redlining drastically to stave off exsanguination?","author":"Greg Swann","date":"December 9, 2020","format":false,"excerpt":"Want me to tell you the secret to being right most of the time? Bet the odds. What will happen is what has happened. Not always, but most of the time. Hard lesson to learn \u2013 particularly when you have billions to burn and a burning need to buck the\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17417,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17417\/overnight-news-hey-redfin-what-happens-when-you-tell-everyone-youre-racist-and-they-believe-you\/","url_meta":{"origin":17096,"position":1},"title":"Overnight News: Hey, Redfin: What happens when you tell everyone you\u2019re racist \u2013 and they believe\u00a0you?","author":"Greg Swann","date":"October 31, 2020","format":false,"excerpt":"Here's the deal: If disparate impact is automatically racism, Asian and Jewish people should be suing pro-athletics. That's what Glenn Kelman needs to say to swat the race pirates away. Financial hurdles seek to qualify Ants and disqualify Grasshoppers. This has nothing to do with race, but every financial hurdle\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2563,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2563\/fair-assessment-of-risk-or-redlining\/","url_meta":{"origin":17096,"position":2},"title":"Fair assessment of risk or Redlining?","author":"Jim Duncan","date":"February 3, 2008","format":false,"excerpt":"Last week I asked what would happen if my local real estate market were to become a \"declining market.\"This week brings a perspective from the Washington Post and the Consumerist that \"declining markets\" equate \"redlining.\"Redlining:Redlining refers to the illegal practice of refusing to make residential loans or imposing more onerous\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"Declining-Markets-From-Geocommons","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2008\/02\/declining-markets-from-geocommons-tm.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18109,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18109\/overnight-news-redlining-redfin-redlines-the-most-redlined-city-in-america\/","url_meta":{"origin":17096,"position":3},"title":"Overnight News: Redlining Redfin redlines the most-redlined city in\u00a0America.","author":"Greg Swann","date":"May 4, 2021","format":false,"excerpt":"Redfin is coming to Boston \u2013 if you consider the remote outer-suburbs Boston. From the link: Redfin is making offers on single-family homes and townhomes built after 1900 in parts of Middlesex, Norfolk and Plymouth counties. The company expects to expand to additional neighborhoods and property types in the region\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17949,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17949\/overnight-news-what-are-primarily-black-neighborhoods-and-how-do-they-overlap-with-redfins-redlining\/","url_meta":{"origin":17096,"position":4},"title":"Overnight News: What are \u201cprimarily black\u201d neighborhoods? And how do they overlap with Redfin\u2019s\u00a0redlining?","author":"Greg Swann","date":"March 9, 2021","format":false,"excerpt":"I've been meaning to mock Glenn Kelman and Redfin for its commissions hypocrisy, so forgive me my diversions: Redfin, a national real estate brokerage currently under investigation for undeniable anti-black disparate-impact redlining, is today making claims about primarily black and primarily white neighborhoods \u2013 the latter type being where you\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17625,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17625\/overnight-news-redfin-gamely-struggles-to-grasp-the-connection-between-pawn-shops-and-desperation\/","url_meta":{"origin":17096,"position":5},"title":"Overnight News: Redfin gamely struggles to grasp the connection between pawn shops and\u00a0desperation.","author":"Greg Swann","date":"December 22, 2020","format":false,"excerpt":"I love this quote from Redfin, linked below: \u201cThe hotter the market, the less attractive it is for home sellers to let an iBuying company take a cut of the sale,\u201d said Redfin Lead Economist Taylor Marr. \u201cWith home prices and demand surging, many sellers figure they can sell their\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17096"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17096\/revisions"}],"predecessor-version":[{"id":17099,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17096\/revisions\/17099"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}