Zillow Lost $500 Million Flipping Houses & It’s got NOTHING to do with a Crash | Ask James Wise 50

Zillow tried flipping houses and failed miserably. The amount of money Zillow lost flipping houses varies depending on which news article you are ready. There are articles saying the amount of money Zillow lost flipping houses is in the $300 Million dollar range. There are articles saying the amount of money Zillow lost with their I-Buying platform is in the $400 Million dollar range. There are articles saying the amount of money Zillow lost with the Zillow Offers programs is in the $500 Million dollar range. Some articles say Zillow has lost even more that $500 Million using the Zillow algorithm to flip houses. Whatever the actual house flipping loss is, it doesn’t really matter. One thing is for sure, Zillow’s house flipping business was a total failure. This shouldn’t be a surprise. Realtors have been making jokes about how inaccurate the Zillow Zestimate is for years. In the 50th episode of The Ask James Wise Show James Wise sounds off on his thoughts on Zillow’s business as a real estate data company. The false narrative that Zillow is putting Realtors out of business or as some same Zillow making Realtors obsolete. James Wise also discusses how much money Zillow has lost since it was started as well as his thoughts on whether or not Zillow’s house flipping failure is an indication of an upcoming housing crash as many other Youtubers in the real estate business have indicated they believe that Zillow knows a impeding house crash is coming and Zillow got out of the house flipping business in order to preserve the Zillow stock price. Finally James Wise ends the show with some dank Zillow memes. Who doesn’t love a good Squid Game Zillow meme?

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