{"id":18119,"date":"2021-05-07T08:02:45","date_gmt":"2021-05-07T15:02:45","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18119"},"modified":"2021-05-07T08:02:45","modified_gmt":"2021-05-07T15:02:45","slug":"overnight-news-if-zillow-can-lose-30000-per-investment-in-the-hottest-sellers-market-ever-how-much-can-it-squander-once-the-market-turns","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18119\/overnight-news-if-zillow-can-lose-30000-per-investment-in-the-hottest-sellers-market-ever-how-much-can-it-squander-once-the-market-turns\/","title":{"rendered":"Overnight News: If Zillow can lose $30,000 per \u201cinvestment\u201d in the hottest seller\u2019s market ever, how much can it squander once the market\u00a0turns?"},"content":{"rendered":"

\"Ya

\u201cPraise a dog for soiling your house and watch what\u00a0happens…\u201d<\/p><\/div>Zillow’s first-quarter results are out, and the message is plainly obvious: Milk the idiots, but don’t be<\/em> the idiot.<\/p>\n

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\u2122. The difference is, the sleazoids who published those cheesy shoppers knew where the bread was buttered \u2013 bilking an endlessly-renewing stream of gullible morons. This is Zillow’s actual business, but, like Redfin, Coke and so many other publicly-traded companies, they’re not happy making money.<\/p>\n

Zillow wants to be a real<\/em> boy, so it admits<\/em> to pissing away $30K per iBuyer “investment”<\/em> in the most amazingly easy seller’s market in the history of time.<\/p>\n

People like to smooth numbers, but Zillow is smooth about nothing: They will have made a little money on a few houses, lost money on most \u2013 and lost $100K or more on a few. They don’t have a plan, but they do have buckets of money to finance their ineptitude.<\/p>\n

When the market turns, Zillow will be able to lose six-figures on every<\/em> iBuyer “investment.” I’m assuming that will make them even prouder of themselves.<\/p>\n

In other news:<\/em><\/strong><\/p>\n

Mike DelPrete:<\/strong> What Zillow’s Results Reveal About Its Momentum Towards Zillow 2.0.<\/a><\/p>\n

Housing Wire:<\/strong> More renters and homeowners are making payments.<\/a><\/p>\n

Christopher Rufo:<\/strong> The Shaky Foundations of L.A.\u2019s Housing \u2018Entitlement\u2019 for the Homeless.<\/a><\/p>\n

The Federalist:<\/strong> The Census Rewarded Red States, But Democrats Are Scheming To Reverse That.<\/a><\/p>\n

Heather Mac Donald:<\/strong> Diversity Over Discovery: Biden\u2019s war on merit puts America\u2019s scientific edge at risk.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cPraise a dog for soiling your house and watch what\u00a0happens…\u201dZillow’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\u2122. The difference […]<\/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-18119","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":739,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/739\/2006-is-the-year-of-zillow-the-900-pound-avm-has-been-upgraded-to-be-a-free-listing-platform-and-the-presumptive-national-mls-system\/","url_meta":{"origin":18119,"position":0},"title":"2006 is the Year of Zillow: The 900 pound AVM has been upgraded to be a free listing platform and the presumptive national MLS system . . .","author":"Greg Swann","date":"December 6, 2006","format":false,"excerpt":"The News An upgrade made tonight to Zillow.com's on-line home evaluation system will add the following new functionality:Owners or listing agents for any of the 67 million homes in Zillow's database will be able to list those homes for sale at no cost.Owners of any Zestimable homes will be able\u2026","rel":"","context":"In "Enduring Interest"","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2801,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2801\/zillowcom-makes-its-first-mls-wide-feed-agreement-and-in-the-process-disintermediates-its-first-idx-cartel\/","url_meta":{"origin":18119,"position":1},"title":"Zillow.com makes its first MLS-wide feed agreement and, in the process, disintermediates its first IDX cartel","author":"Greg Swann","date":"March 19, 2008","format":false,"excerpt":"Here's the PR, which the vendor cheerleaders will have reported:*Leading real estate Web site Zillow.com and MLS Property Information Network today announced a partnership to feed listings from the New England area MLS to Zillow.com on a daily basis. This partnership initiates the first participation at the MLS level in\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":6472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6472\/zillows-zindex-of-historic-bedrock-shows-significant-gains\/","url_meta":{"origin":18119,"position":2},"title":"Zillow’s Zindex of historic Bedrock shows significant gains","author":"Greg Swann","date":"January 9, 2009","format":false,"excerpt":"Rubbles up, Flintstones down. Is Fred facing foreclosure? SEATTLE, Jan. 9 \/PRNewswire\/ -- It's a proud day in Bedrock as the new Zillow Zindex reveals that home prices in that historic city are up 2.5% for the fourth quarter of 2008. Bucking the trend for many American communities, Bedrock seems\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1271,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1271\/web-site-builds-community-of-real-estate-consumers-vendors\/","url_meta":{"origin":18119,"position":3},"title":"Web site builds community of real estate consumers, vendors","author":"Greg Swann","date":"April 6, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link). This is adapted from my main post Tuesday night, of course. I get 350 words in the paper. They cut me today to 330, so I used my own version of the text for the permanent link. But here's the sad\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16087,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16087\/zillow-agent-premier-pretty-good-start\/","url_meta":{"origin":18119,"position":4},"title":"Zillowpress Agent Premier–(Fairly Nifty)","author":"Ryan Hartman","date":"July 19, 2012","format":false,"excerpt":"I just fired up one of Zillow's new Agent Premier sites and poked around. It's pretty impressive stuff. I run a number of Wordpress multisite networks for Real estate, and at a glance, Zillow's done a really good job of offering a really functional wordpress install, with great design options,\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2012\/07\/pic-2012-07-19-at-9.58.44-AM.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5074,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5074\/zillow-feels-the-markets-pain\/","url_meta":{"origin":18119,"position":5},"title":"Zillow feels the market’s pain","author":"James Hsu","date":"October 17, 2008","format":false,"excerpt":"The market crunch has hit the Seattle real estate scene hard this week.\u00a0 First there was Redfin announcing it was laying off 20% of its employees earlier this week and today we get Zillow's announcement that they're cutting 40 jobs (roughly 25%).\u00a0\u00a0 You can read about it on the Zillow\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18119","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=18119"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18119\/revisions"}],"predecessor-version":[{"id":18120,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18119\/revisions\/18120"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}