Come on. You talk about SV types not knowing what they are doing and then offer this up as an explanation?
Real estate is going up in value for the following reasons:
- Almost 2 decades of QE and cheap loans
- More people working from home
- Boomers leaving the workforce and cashing in their retirement
- People leaving high cost of living areas
- Foreign investment
There is no conspiracy. As these things pull back, and they will in the next 5+ years, things will soften. What Zillow was trying to do is something a bit different but it doesn't matter because they ultimately failed.
Real estate is going up in value for the following reasons:
- Almost 2 decades of QE and cheap loans
- More people working from home
- Boomers leaving the workforce and cashing in their retirement
- People leaving high cost of living areas
- Foreign investment
There is no conspiracy. As these things pull back, and they will in the next 5+ years, things will soften. What Zillow was trying to do is something a bit different but it doesn't matter because they ultimately failed.