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gregman

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Most cryptocurrency trades may be people buying from themselves

newscientist.com
25 points·by gregman·5 years ago·3 comments

China cracks down on cryptocurrency, banning all transactions

nytimes.com
2 points·by gregman·5 years ago·0 comments

comments

gregman
·4 years ago·discuss
Well no, but I'm curious what the FTC's studies of that were. There are plenty of reviews of OpenDoor (check Reddit) where reviewers stated they just needed to clean out their house. I'm guessing OpenDoor has a certain standard for agreeing to buy a home, and some homes they ask to do repairs would otherwise have been turned away.
gregman
·4 years ago·discuss
Agreed. iBuying is a business and your paying for the convenience of them taking your home as-is. Even though their offering price is lower than what you'd receive from selling with a realtor, you still end up spending 10-15% of your home value when selling the traditional way.

source: https://www.redfin.com/blog/how-much-does-it-cost-to-sell-a-...
gregman
·5 years ago·discuss
Agreed. One thing this article doesn't point out that was a bigger topic a couple of weeks prior is that Zillow had to halt purchases due to lack of workers to help flip the homes [1]. The iBuying revenue model depends on the ability to flip a home quickly so that market fluctuations do not have enough time to pose as a risk, which Zillow was willing to take.

1 - https://archive.md/tNaDt
gregman
·5 years ago·discuss
I think you are describing DDG.