Opendoor and Zillow both take issue with the idea they are house-flippers, arguing their goal is to make it easier to move and to make money through the convenience fees, not by buying low, making extensive repairs, and then selling high. Opendoor's fee typically comes in around 5 to 8%. Zillow says its fee hovers around 5% nationally and that its house repairs average around $10,000.
"For this to work we need to buy and sell as many homes as possible to generate the revenue and profit that we want," the Zillow spokesperson said. "Then we get to use that capital to go buy the next set of homes."
[...]
"The world is going to one click," [Zillow's CEO, Barton] said in February. "Why not real estate?"
The term "middle class" has been rendered nearly meaningless by the dems and other corporatists. Even though Biden said it's a "feeling" - home ownership has had a de facto connection to being middle class. And owning a home isn't a "feeling".
In the coming decades it will be comical how the democrats will try to continue to explain that you can actually be middle class without owning a home, having a barely functioning clunker, working 60 hours a week at multiple jobs, and having no health insurance.
Representative Dakota Neo-Lib (D): "That's actually still the American dream. Hear me out. I'm middle-class..."
Later it is discovered that Neo-Lib's net worth isn't her professed $5 million (in today's money). She and her husband have at least 20 times that much hidden away offshore.
The term "middle class" has been rendered nearly meaningless by the dems and other corporatists. Even though Biden said it's a "feeling" - home ownership has had a de facto connection to being middle class. And owning a home isn't a "feeling".
In the coming decades it will be comical how the democrats will try to continue to explain that you can actually be middle class without owning a home, having a barely functioning clunker, working 60 hours a week at multiple jobs, and having no health insurance.
Representative Dakota Neo-Lib (D): "That's actually still the American dream. Hear me out. I'm middle-class..."
Later it is discovered that Neo-Lib's net worth isn't her professed $5 million (in today's money). She and her husband have at least 20 times that much hidden away offshore.