The other thing is earthquake safety. Wood frame is often far more resilient to sheer stress than concrete/brick. Concrete can be reinforced to mitigate that, but I wonder how viable that is for buildings on the scale of SFH, not major developments.
They started ZO back in 2018. I think the bigger concern was the amount of growth and threat Opendoor presented them. There was a vision that they will fundamentally change the sector and make Zillow an equivalent of what the White Pages is to Google.
So yes it was FOMO, but not based on quickly appreciating real estate.
6% has been the norm in the US for a long time. It is absurdly high and is why opportunities like iBuying exist.
In the UK, there is no wiggle room for such ventures, but as the transactional costs in the US is steep, the market was ripe for disruption. You can usually expect your total transaction costs to be 8-10%, so there is a lot of margin in there for Zillow/Opendoor to operate as the only intermediary (buyer & seller agent, lender, stager, etc).
I believe that in a society that has free speech, there is a duty of the member's of society to exercise their free speech and disassociate from those acting unethically. Particularly for unethical actions that cannot be prosecuted due to the rights afforded to all.
Now while there are a lot of things that facebook probably can be prosecuted for, there are many things that they probably can't be. So I think we have an obligation to shame and shun those who act in reprehensible ways. And obviously in proportion to how culpable/complicit those individuals are.
I think if you were smart enough, you may be able to mask some needed changes under some legitimate tickets. You make certain changes that you know will break stuff, but you assign a reviewer who doesn't know enough about the particular thing that they may think it seems fine.
I am talking in a very generalized sense, not for this particular issue. But I don't think the code review/deployment process is entirely safe against internal bad actors.
Many will misinterpret it. We have seen how much the public can fundamentally misunderstand technical information over the past year.
People will just see that:
1. You can never disconnect your iPhone from the grid and stop it from being tracked. Even if you turn it off.
2. Governments, companies, and other (from the conspiracy theorist's standpoint) will be able find you whenever they want.
I am sure there are some legitimate security concerns here, but Apple seems to have taken reasonable steps to provide a pretty awesome feature which has solved a lot of risky edge cases.
I was admitted to Brazil 5 times under an allegedly expired visa.
I had no way of knowing it was expired, it’s not specified anywhere on the visa or in any Brazilian embassy/travel advisory site. But on the 6th time after it had expired, I finally hit an immigration agent who cared enough to turn me away or understand that it was expired. So this really tracks.
There seems to be almost no scenario where USDT becomes more valuable than the USD, and the worst case is it continues to be worth the same.
But there is a fair probability it becomes worthless, meaning that you gain from it.
While you need to pay premiums in the interim, for something with an indefinite timeframe, that risk seems fairly minor for the potential reward.