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One thing that I feel this article misses is the notion of domain expertise. Zillow has entered the house flipping market that has been already populated by hum
by bananaquant 5y ago
One thing that I feel this article misses is the notion of domain expertise. Zillow has entered the house flipping market that has been already populated by human real estate agents and investors, who already do their work of pricing houses and striking deals quite well. To compete, a successful entrant needs to excel in at least one thing and be not much worse in all the others. In practice, that is a tall order.
- jollybean 5y agoReal Estate agents 'price' by looking at rough comparable down the street, and padding it up a little bit. That's it.
- bananaquant 5y agoYes, but there is more than pricing that goes into a successful operation.