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by ridaj
1548 days ago
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Re opendoor etc > A less competitive market is less dynamic and worse for sellers, but it is better for the iBuyers that remain. If they can avoid taking on the bad deals that Zillow was previously shielding them from. I've seen how in some markets the disappearance of a provider that falls victim to this kind of adverse customer selection merely moves the problem to other providers in a cascading fashion. It's not clear that there are that many profitable deals to be made on the iBuying model |
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