patrick.net
An Antidote to Corporate Media
1,205,871 comments by 14,328 users - komputodo online now
Consolidation and Monopolization in Online Real Estate Data
invite response
2014 Jul 24, 5:04am 1,458 views 1 comment
Comments 1 - 1 of 1 Search these comments
Tenpoundbass
2014 Jul 24, 5:13am
I'm so lucky I bought back in 2010, when they are an honest research tool with out even knowing it.
Back then just using common sense, and reading the actual home descriptions, looking at previous values, and county tax records. It was very easy to get a true sense of a markets value if read past their misleading graphics that stated otherwise.
Now I don't know if they don't have access to all of the information that they had back then, or if it's only for premium members. You can't zoom in on properties in as great details as back then either. The roof top view was triple the resolution that it is now. But that's more a Google and security thing, so it's also a good thing. I realized back then, that there must be burglars using it scope out neighborhoods. The clarity was that good, you could distinguish a pile of junk in the back yard between a pile of good stuff.
http://www.zerohedge.com/news/2014-07-24/two-wrongs-make-right-zillow-trulia-soar-incomeless-acquisition-plan
"Somehow this makes perfect sense: Zillow's stock is up over 22% on news that it will acquire rival real estate company Trulia for $2 billion. Trulia is up 32%, which is about half in absolute terms of the $1 billion Zillow's market cap has grown by in the past few moments to $6 billion. Imagine if it had paid even more for Trulia? And the piece de resistance: Neither company is currently profitable on an annual basis - the combined net income of the two companies is... zero. Two wrongs do not make a right, or rather didn't. And then the new normal came around... "
#housing