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Hello everyone, welcome to Bad With Money. I am Gabby Dunn, your host and this is a mailbag episode.

Okay, so on Wednesday we got real juicy with the ongoing Zillow controversy, so we will talk about that again here.

Later we're going to hear from Ben all about this Zillow controversy and his thoughts on how that dovetails with other stuff about the housing market and other stuff about rent, including my cancel rent episode.

So, oh my god, things tied together on this show, can you believe it?

And then we're going to read a review from Sam said God rocks, plus a bunch of other emails and reviews and discord comments, so stay tuned.

Okay, so if you listen to our Wednesday episode, you know that we talked all about how Zillow is using eye-buying, specifically Zillow offers in order to buy up houses and then flip them for more money.

Basically, instead of you putting your house on the market and letting everybody have a chance at buying it, you just sell it directly to Zillow.

Redfin in Open Door are also doing similar things, but Zillow's specific one was called Zillow offers.

So we recorded this whole episode, we even got a rep from Zillow on the record.

If you go back and listen to Wednesday's episode, you will hear us talk to her, names Amanda Pendleton.

And then, breaking news, right before the episode was coming out, it turns out that Zillow is going to stop buying homes through Zillow offers, at least through the rest of 2021.

I was shocked what timing CNN business and a bunch of other places started reporting that Zillow is no longer going to purchase directly from sellers and then re-list the properties because basically they have a labor shortage.

Which guess what? A lot of people do. There is a shortage of plumbers and stone mason's and carpenters and woodworkers.

And so people that are trying to flip houses are actually having a lot of trouble booking out people who can actually do the labor.

So Zillow put out this statement being like, we're pausing all new contracts. We're not going to do this anymore for 2021.

Now, some people think that the reason that they're not doing this anymore is because there was such a backlash and such a controversy surrounding it because people thought that it was Zillow actually trying to manipulate the housing market, which I did talk about in our episode from Wednesday.

So if you want to get all the tea about that, go listen to that episode.

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