Zillow, who had aBsOLuTeLy NoTHiNg tO Do WiTh ThEsE pRiCeS now has some thoughts on it huh
What’s that Zillow? Buying real estate isn’t profitable? Does that mean you’re going to diversify? Maybe sell some of your property?
Didn’t think so.
Zillow hasn’t bought homes in over a year after over leveraging by a few billion. Focus your attention where it’s due, on all the institutionally funded SFR companies.
Nah. They deserve as much negative attention as black rock.
Buying it isn’t profitable, holding large masses of it though, it’s literally impossible to lose money, and if you do the government will do things like push employees back into overpriced office buildings to continue to justify the price.
Just holding isn’t that valuable. Most real estate doesn’t outpace inflation. If you get to live there for basically free or collect rent it’s a good deal.
or… just dont buy real estate? there are other options.
