Hacker News Reader

When I heard that Zillow was buying in the middle of an extremely exuberant residential market, it surprised me and I thought they must know something I don’t. Surely they aren’t stupid enough buy and hold a fairly illiquid asset class during market all time highs. Guess I was wrong.

View on HN

Yes-- Also unless you're buying some type of financial vehicle, "buy & hold" doesn't encompass the full picture since they are physical assets with IRL needs. Unlike a security/stock/bond etc., in real estate unless you have tenants paying rent then even if the asset value remains the same, you're losing money due to costs like property taxes.

I find that every time I catch myself thinking this way I’m typically wrong- nobody knows anything, big orgs in particular are dumb, and a little common sense usually wins out.

Reply on news.ycombinator.com