The Housing Market Is About To Go Wild | DO THIS NOW

"Zillow is about to lock in 450 million dollars worth of funding to buy even more homes."

"Rocket homes just started their own eye buyer program."

"Redfin is racing to become the first major eye buyer to hit the Chicago market."

"recent reports showed that in 94 of those Metro areas median Prices rose by more than 10 percent from a year earlier."

"i buyers are actively losing money at an average of forty thousand dollars for each home bought and sold."

"i buyer offers were not only paying an average of four percent more than the home's market value but they were also expanding the areas in which they purchased leaving of course to even greater losses by by the time they put the home back on the market for sale."

"Zillow completely acknowledges that their eye buyer program is unprofitable and costs them tens of millions of dollars but they say to be patient and all of this is part of their grand plan to transition real estate to an industry where buying and selling is as easy as trading in a car."

"they could sell that information to third parties for a hefty cost for example Seeking Alpha analyzed the value of each lead and even though a cheap unqualified lead comes in at twenty dollars a guaranteed lead could be worth as much as 1875."

"you could also be competing with eye buyers who don't mind overpaying for a deal because they're backed by venture capital and any loss they take is simply the cost of doing business"

"I have a feeling they're not doing this to try to make money flipping homes but instead to gain market share and then sell that information to third parties who will wind up calling you 20 times a day until eventually you decide to sell your home."

"properties foreclosed on during the first quarter of 2021 have been in the foreclosure process for an average of 930 days yes you heard me correctly that's an average of two and a half years from the point of falling behind on a payment to actually being foreclosed on."

"the reality is foreclosures are a very time consuming and very slow process so whatever happens today is not likely to show up in the markets for probably another two years."

"delinquency rates we saw back in 2017 and 2018. it's only marginally hired today doing part two mortgage for parents options which allows homeowners to temporarily pause their payments if they need to and third if homeowners are actually having difficulty making their payments or getting caught up banks are currently willing to extend any option available including no cost loan modification in the event payments need to be restructured."

"an increasing number of businesses are now either charging an additional fee for paying with a credit card or offering a discount if customers agreed to pay with a debit card check or cash instead."

"five years ago only two percent of all small businesses offered a discount for cash but now five percent of businesses are going that route."

"the real issue is whether or not credit card transaction fees are sustainable long term and I would argue probably not at least not in the current capacity it's running especially since visas spent 150 000 buying this nft."