Breaking News: Zillow's iBuyer Controversy

Bad With Money With Gabe Dunn

Gabe Dunn | Diamond MPrint Productions

Business, Careers, Investing, Education

4.6 • 2.6K Ratings

🗓️ 20 October 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Gear up, this gets complicated! Gaby dives into the iBuyer and Zillow controversy surrounding real estate and the housing market with BRAND NEW last minute information. We have BREAKING NEWS on this show. Find out how companies are buying homes, why this could manipulate the market and what this means for everyone. First, I talked to Confessions of a Top-Producing Real Estate Agent podcast host Jennifer Myers about being a real life independent business person helping sell a house. Then, I got official comments from Zillow's home trends expert Amanda Pendleton. Does this create a fair housing market? How does this square with housing as a human right? Does this cause the homes to become inaccessible and unaffordable? And how did this become SUCH A BIG INTERNET CONTROVERSY??? TW: During the Jennifer Myers interview, we mention briefly suicide and violent deaths. Call in with your thoughts at 844 474 4040 and email us at [email protected] and we will respond on the show! For a transcript of the show visit: bit.ly/BWMS9E2Transcript Gaby Dunn Instagram: @GabyRoad BWM Instagram: @bwmpod BWM Facebook group: http://tinyurl.com/badwithmoneyfb The BWM Discord channel: https://discord.gg/dAdxj4JMER Find Gaby on Patreon: patreon.com/gabydunn Shop gabydunn.com/shop for merch! Jennifer Myers Website for Agents: agentgradschool.com Jennifer Myers Website for Buyers: wheredoyoudwell.com To learn more about Zillow: Zillow.com/offers Bad with Money is produced and edited by Lindsey Floyd. It is sound engineered and mixed by Lindsey Floyd. The Executive Producer is Lindsey Floyd. The theme song was performed by Sam Barbara and written by Myq Kaplan, Zach Sherwin, and Jack Dolgen. Additional music by Joey Salvia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Well, it is the day before the episode comes out and I wanted to add a little
0:05.8	addendum because guess what? Zillow announced that they will stop buying homes
0:10.8	through Zillow offers for the rest of the year. So for the rest of 2021, they are
0:15.4	not going to be using their iBuyer model to buy new properties. This was
0:21.3	reported by CNN Business literally today. And so I don't know what that means
0:26.6	for 2022, but I needed to add this to the episode. This is breaking news.
0:33.3	You got problems that you are concerned with. You don't know how you're supposed to earn it or what to do with it or how to keep it.
0:40.3	You're a freak with a dark shame, full secret, but you're not the only one.
0:45.3	Featured in financial fears with a blast of sun. Now your healing has begun.
0:51.3	It's bad with money with Gabby. Done. Hi, I'm Gabby Dunn and this is bad with money.
0:57.3	Today's episode is a doozy. There's a lot of controversy around Zillow, fair housing and ibuying.
1:05.3	There's viral TikToks, there's denials, there's political radicalization, there is a lot.
1:12.3	But first, if you leave a five star Apple review, I will read your name on the show.
1:17.3	One other thing you could do that would really help is to share these episodes
1:21.3	with three people in your life who you think could benefit. Just share the Apple link and say,
1:25.3	hey, thinking of you, this was good. I'm trying to get on the charts.
1:30.3	Okay, so for those of you paying attention to real estate, Zillow is under fire for allegedly manipulating the housing market
1:40.3	during a time when housing is a real problem for many people in this country.
1:45.3	Despite eviction moratoriums, homelessness has grown during the pandemic
1:49.3	and I'm sure you've seen plenty of friends and loved ones complaining about how quickly homes are snatched up
1:54.3	and how much people are buying over asking price.
1:57.3	I'm on the real estate subreddit a lot and the common refrain is that it's an unreal competitive market right now
	...

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