Current Events > Man sells house to Zillow for 550K. They called and sold it back to him for 350K

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Lebronwon
11/04/21 7:11:36 PM
#1:


https://twitter.com/BillyMcFarlend/status/1456357784828715020



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Lairen
11/04/21 7:12:29 PM
#2:


What?

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Zeeak4444
11/04/21 7:13:12 PM
#3:


Thats amazing tbh. Good on him lol.

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Naysaspace
11/04/21 7:13:31 PM
#4:


Damn, what a terribly mismanaged company. Their executives probably have an average IQ under 103.

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Questionmarktarius
11/04/21 7:14:05 PM
#5:


Lairen posted...
What?
Zillow fucked up a lot of speculation, and has to unload a pile of stock for tax avoidance/writeoff.
https://www.bloomberg.com/news/articles/2021-10-26/zillow-s-zeal-to-outbid-for-homes-backfires-in-flipping-fumble
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Gobstoppers12
11/04/21 7:14:12 PM
#6:


Lairen posted...
What?
Man made ~$200,000 and still owns the house, because Zillow is apparently dumb as potatoes.

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Makeveli_lives
11/04/21 7:14:59 PM
#7:


God I hope this isn't a trend. I. literally just got my keys 2 days ago. That being said I bought from a person that had their house listed on Zillow and Redfin and such, not from Zillow themselves.

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Lairen
11/04/21 7:15:26 PM
#8:


I just cant imagine anyone doing this.

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Broseph_Stalin
11/04/21 7:15:28 PM
#9:


Art of the deal.
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Lebronwon
11/04/21 7:15:30 PM
#10:


Lairen posted...
What?

This article gives more context.

https://www.theguardian.com/business/2021/nov/04/zillow-homes-buying-selling-flip-flop

tl:dr: Zillow is doing what happened in OP to a lot of houses.

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#11
Post #11 was unavailable or deleted.
Naysaspace
11/04/21 7:15:52 PM
#12:


also what the hell kinda house is selling for 350? was it a trailer in a trailer park? or maybe he lives 3 hours from the nearest stoplight/paved road. Hmmmmm

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CommonStar
11/04/21 7:16:22 PM
#13:


Free 200k
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Naysaspace
11/04/21 7:17:12 PM
#14:


dolomedes posted...
me and like five of my 30-something friends are all living with parents because renting became too fucking expensive

but shit like this is happening too
why don't you just go get richer parents?

why don't you just ask your parents for a bigger trust fund?

i mean i can't get my head around how people just can't do that, it's so simple, it can be done with a text message.

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Gobstoppers12
11/04/21 7:17:52 PM
#15:


Naysaspace posted...
also what the hell kinda house is selling for 350? was it a trailer in a trailer park? or maybe he lives 3 hours from the nearest stoplight/paved road. Hmmmmm
We have houses here, 3 bedroom, 2 bath, partially finished basement, one car garage, etc. for around 140k

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berlyman101
11/04/21 7:18:27 PM
#16:


should have undercut them even more tbh

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kingdrake2
11/04/21 7:19:01 PM
#17:


Naysaspace posted...
also what the hell kinda house is selling for 350?


they have those. i call em mid-range properties.
have to be really fortunate to find one of those around my area for 350k and they're not very good.
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Dakimakura
11/04/21 7:19:26 PM
#18:


CommonStar posted...
Free 200k

For the government maybe.

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Lebronwon
11/05/21 8:13:52 AM
#19:


berlyman101 posted...
should have undercut them even more tbh

lol

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DarkRoast
11/05/21 8:23:05 AM
#20:


House flipping is not the kind of industry that you can do automated. There's too much nuance to renovation.

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