Zillow dumping houses, being sued for losing money on flip venture

[WhatInThe]

Zillow who had been buying/flipping houses starting to exit that business segment. Stock holders have sued for the lack of transparency in reguards to their flipping business. Stock took a plunge this fall.

https://newyorkfolk.com/tech/lawsui...tate-of-home-buying-business-before-shutdown/

 

[dseag2]

Yes, this is happening everywhere. There are many investing groups buying up houses and raising prices so first-time homebuyers can't afford housing...