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Economy

PortTack

(35,000 posts)

3. The corporations aren't buying them to flip. They are buying them as rental properties. And, as

Reply to mopinko (Reply #2)

Fri Feb 11, 2022, 11:31 AM

Feb 2022

Mentioned, they do nothing to them allowing them to fall into disrepair ruining surround home values. It closes out ppl that just want to own a home.

Zillow bought them to flip, did little or nothing to them and drove the prices up. They are getting out of home flipping after suffering a billion+ loss.

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Highlight:

Zillow sells more homes to Pretium as home-flipping operation unwinds - Bloomberg News [View all] mahatmakanejeeves Feb 2022 OP

GD Zillow! Selling their houses to a corporation instead of just putting them on the market PortTack Feb 2022 #1

if they are good flips, it's a good thing. mopinko Feb 2022 #2

The corporations aren't buying them to flip. They are buying them as rental properties. And, as PortTack Feb 2022 #3

the article doesnt say that. it says flip mopinko Feb 2022 #4

Zillow was the one that was flipping as the article says..not corporations PortTack Feb 2022 #6

There are some further Laws of (Un)Intended Consequences from sales like these Hestia Feb 2022 #5