{"id":17625,"date":"2020-12-22T07:08:15","date_gmt":"2020-12-22T14:08:15","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17625"},"modified":"2020-12-22T07:08:15","modified_gmt":"2020-12-22T14:08:15","slug":"overnight-news-redfin-gamely-struggles-to-grasp-the-connection-between-pawn-shops-and-desperation","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17625\/overnight-news-redfin-gamely-struggles-to-grasp-the-connection-between-pawn-shops-and-desperation\/","title":{"rendered":"Overnight News: Redfin gamely struggles to grasp the connection between pawn shops and\u00a0desperation."},"content":{"rendered":"

\"Ya

\u201cRegardless of how things turn out, Washington D.C. should be ripe for iBuyer redlining and block-busting by\u00a0February.\u201d<\/p><\/div>I love this quote from Redfin, linked below:<\/p>\n

\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 home quickly without having to give away any of their profits.\u201d<\/p><\/blockquote>\n

Redfin thus demonstrates that it understands at least half-way how pawn shops work: People only sell to them when they’re desperate. They have a solution, of course: Pay more. And since the point is churn, not profit, why not?<\/p>\n

What’s fun is that sellers already understand the dipshit iBuyers completely: They’re the lesser gonophs when you’re the greater fool.<\/p>\n

But: What happens when nobody’s buying \u2013 not even from the pawn shop?<\/p>\n

Christmas Brutality:<\/strong> Hacking cancer, chronic pain, Sony and NORAD on Christmas Eve with Reggie and Shake.<\/a><\/p>\n

You sneer at Reggie and Shake, but they’re making a killing right now in Bitcoin.<\/a> Among the less-charitable:<\/p>\n

Forbes:<\/strong> New Billionaire: Opendoor\u2019s Public Debut Is A Big Win For CEO Eric Wu.<\/a><\/p>\n

Redfin:<\/strong> iBuyer Home Purchases Were Down Nearly 80% Year Over Year In the Third Quarter.<\/a><\/p>\n

Joel Kotkin:<\/strong> Peak Progressive? A sliver of hope for California.<\/a><\/p>\n

FEE.org:<\/strong> New York Lawmaker Begs Goldman Sachs Not to Go to Florida: \u2018Please Don\u2019t Leave Us\u2019.<\/a><\/p>\n

RedState.com:<\/strong> That COVID Relief Bill Gets So Much Worse, and It Should Infuriate You.<\/a><\/p>\n

American Thinker:<\/strong> Will we go quietly into the night?<\/a><\/p>\n

City Journal:<\/strong> Protecting Cops \u2013 and Citizens: Lawmakers should consider more constructive policies to improve policing while maintaining public safety.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cRegardless of how things turn out, Washington D.C. should be ripe for iBuyer redlining and block-busting by\u00a0February.\u201dI 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 […]<\/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":[29,26,6,5],"tags":[],"class_list":{"0":"post-17625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2701,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2701\/redfincom-builds-new-listing-oversight-tools-for-sellers\/","url_meta":{"origin":17625,"position":0},"title":"Redfin.com builds new listing oversight tools for sellers","author":"Greg Swann","date":"March 4, 2008","format":false,"excerpt":"Here's the news, snipped to the quick:Online real estate broker Redfin Corporation today released Redfin Listing Metrics, a dashboard for Redfin's listing customers to analyze neighborhood inventory trends and recent sales, and to compare their listing's online traffic to that of other listings in the neighborhood.That sounds slick, doesn't it?\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1782,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1782\/in-closing-and-on-hiatus\/","url_meta":{"origin":17625,"position":1},"title":"In closing… and on hiatus.","author":"Kris Berg","date":"August 9, 2007","format":false,"excerpt":"To be fair, Sweet Digs in its current form is innocuous enough. It didn't begin that way, but that's where it has landed. And, to be fair, my mini-eruption this morning had nothing to do with Sweet Digs but everything to do with the role Redfin has assumed of industry\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19138,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/19138\/redfin-runs-out-of-other-brokers-agents-to-milk-resolves-to-milk-its-own-instead\/","url_meta":{"origin":17625,"position":2},"title":"Redfin runs out of other brokers’ agents to milk, resolves to milk its own, instead.","author":"Greg Swann","date":"October 26, 2023","format":false,"excerpt":"\u201cThere are two real estate brokerage business models: Selling houses or milking agents. Redfin yearns to discover that it can't do either.\u201d \u2013Greg\u00a0Swann I've spent much of this month documenting how ineptly Redfin.com lists homes for sale. It wasn't something I set out to do. I've been dour about them\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2023\/10\/Screen-Shot-2023-10-23-at-8.16.39-AM.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18531,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18531\/overnight-news-double-the-showings-double-the-damage-double-the-time-on-market-double-the-risk-redfin-has-the-answers\/","url_meta":{"origin":17625,"position":3},"title":"Overnight News: Double the showings, double the damage? Double the time on market? Double the risk? Redfin has the\u00a0answers!","author":"Greg Swann","date":"October 6, 2021","format":false,"excerpt":"\"Showing causes damage.\" I said that to a seller last week, in support of taking an early cash offer, in preference to waiting through the weekend to see if financed buyers could try to beat it. Fun, then, to see Redfin.com \u2013 America's highest-tech national database of Pending listings \u2013\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":1671,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1671\/redfin-cops-another-12-million-raising-investors-stake-in-the-discount-realtybot-to-40000-per-closed-transaction\/","url_meta":{"origin":17625,"position":4},"title":"Redfin cops another $12 million, raising investors’ stake in the discount realty.bot to $40,000 per closed transaction","author":"Greg Swann","date":"July 17, 2007","format":false,"excerpt":"The indefatigable John Cook:Redfin has raised an additional $12 million in venture funding, money that the Seattle discount real estate broker will use to enhance its Web site and expand into new markets. First up for Redfin are the Washington D.C and Baltimore areas, which are being unveiled today. Next\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":974,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/974\/redfin-and-the-antics-of-the-intx-crowd\/","url_meta":{"origin":17625,"position":5},"title":"Redfin and the antics of the INTx crowd . . .","author":"Greg Swann","date":"January 30, 2007","format":false,"excerpt":"By my lights, one of the most interesting bits of news to come out of Inman Connect was Redfin's announcement that they plan to swim into Boston Harbor. Washington State has reasonably normal wild-West real estate laws, as does California. The natural leap, in terms of maintaining a decent level\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17625","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=17625"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17625\/revisions"}],"predecessor-version":[{"id":17626,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17625\/revisions\/17626"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}