Bluetracker

Tracks Blizzard employees across various accounts.

I just find it so infinitely fascinating that the organisation with the most robust analytics and information on real estate in the world couldn’t make real estate investing/house flipping work AT SCALE. Another comforting example of the limits of automation & algorithms. https://t.co/N0FafKDMTB

I just find it so infinitely fascinating that the organisation with the most robust analytics and information on real estate in the world couldn’t make real estate investing/house flipping work AT SCALE. Another comforting example of the limits of automation & algorithms. https://t.co/N0FafKDMTB

joemag_games

Posted 3 years, 10 months ago (Source)

I just find it so infinitely fascinating that the organisation with the most robust analytics and information on real estate in the world couldn’t make real estate investing/house flipping work AT SCALE. Another comforting example of the limits of automation & algorithms. https://t.co/N0FafKDMTB

Iksar

Posted 3 years, 10 months ago (Source)

@joemag_games I also find this really strange considering just buying random houses and selling them 2 years later seems like a viable strategy the last 5 years. Market has just gone up overall?

joemag_games

Posted 3 years, 10 months ago (Source)

@IksarHS I’m broad strokes you’re right, the thing is there’s so much more to it. The market goes up both naturally and as people buy and improve real estate, adding real value while removing risks. Buying en masse doesn’t fix roofs, replace wiring. The house stagnates and loses value.

Iksar

Posted 3 years, 10 months ago (Source)

@joemag_games Our house has increased in value by almost 15% in one year without touching it. I’m probably just seeing Orange County real estate and applying it to the rest of the country. Better be rich if you want to live in SoCal :’(

joemag_games

Posted 3 years, 10 months ago (Source)

@IksarHS Yeah and I’m sure you shopped around, found one you liked that didn’t require much work. A house in that state will rise in value with the market. A random house might not, plenty of houses are money pits, plenty go unsold for months. I think Zillow is seeing those consequences.

Iksar

Posted 3 years, 10 months ago (Source)

@joemag_games I guess the point is we’d both think that with all those tools and resources Zillow would be a lot better at shopping for the right place than I would

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I just find it so infinitely fascinating that the organisation with the most robust analytics and information on real estate in the world couldn’t make real estate investing/house flipping work AT SCALE.

Another comforting example of the limits of automation & algorithms. https://t.co/N0FafKDMTB (<a href="https://twitter.com/i/web/status/1455965795754786819">None</a>)
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<blockquote class="quoted">
 
</blockquote>
@joemag_games I also find this really strange considering just buying random houses and selling them 2 years later seems like a viable strategy the last 5 years. Market has just gone up overall? (<a href="https://twitter.com/i/web/status/1455968198612840448">Iksar</a>)
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<blockquote class="quoted">
 
</blockquote>
@IksarHS I’m broad strokes you’re right, the thing is there’s so much more to it. The market goes up both naturally and as people buy and improve real estate, adding real value while removing risks.
Buying en masse doesn’t fix roofs, replace wiring. The house stagnates and loses value. (<a href="https://twitter.com/i/web/status/1455969084441382913">None</a>)
<hr/>

<blockquote class="quoted">
 
</blockquote>
@joemag_games Our house has increased in value by almost 15% in one year without touching it. I’m probably just seeing Orange County real estate and applying it to the rest of the country. Better be rich if you want to live in SoCal :’( (<a href="https://twitter.com/i/web/status/1455969851101487104">Iksar</a>)
<hr/>

<blockquote class="quoted">
 
</blockquote>
@IksarHS Yeah and I’m sure you shopped around, found one you liked that didn’t require much work. A house in that state will rise in value with the market.
A random house might not, plenty of houses are money pits, plenty go unsold for months. I think Zillow is seeing those consequences. (<a href="https://twitter.com/i/web/status/1455971098231656450">None</a>)
<hr/>

<blockquote class="quoted">
 
</blockquote>
@joemag_games I guess the point is we’d both think that with all those tools and resources Zillow would be a lot better at shopping for the right place than I would (<a href="https://twitter.com/i/web/status/1455971386468364297">Iksar</a>)
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Tweet

I just find it so infinitely fascinating that the organisation with the most robust analytics and information on real estate in the world couldn’t make real estate investing/house flipping work AT SCALE.

Another comforting example of the limits of automation &amp; algorithms. https://t.co/N0FafKDMTB

@joemag_games I also find this really strange considering just buying random houses and selling them 2 years later seems like a viable strategy the last 5 years. Market has just gone up overall? (<a href="https://twitter.com/i/web/status/1455968198612840448">Source</a>)

@IksarHS I’m broad strokes you’re right, the thing is there’s so much more to it. The market goes up both naturally and as people buy and improve real estate, adding real value while removing risks.
Buying en masse doesn’t fix roofs, replace wiring. The house stagnates and loses value.

@joemag_games Our house has increased in value by almost 15% in one year without touching it. I’m probably just seeing Orange County real estate and applying it to the rest of the country. Better be rich if you want to live in SoCal :’( (<a href="https://twitter.com/i/web/status/1455969851101487104">Source</a>)

@IksarHS Yeah and I’m sure you shopped around, found one you liked that didn’t require much work. A house in that state will rise in value with the market.
A random house might not, plenty of houses are money pits, plenty go unsold for months. I think Zillow is seeing those consequences.

@joemag_games I guess the point is we’d both think that with all those tools and resources Zillow would be a lot better at shopping for the right place than I would (<a href="https://twitter.com/i/web/status/1455971386468364297">Source</a>)
 
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