Zillow quits home-flipping business, cites inability to forecast prices
1 Like
They lost so much money doing it. Clearly the pets.com AltaVista Geocities of our times
They were operating on extremely thin margins…so that business model will only work in a rapidly appreciating market. Given the upcoming “winter” for the housing market, I suspect a lot of the flipping businesses will go the same route.
1 Like