They are losing money hand over fist in Tucson. I have several zillow signs in my neighborhood right now. Priced at ridiculous levels and Zillow paid an even more ridiculousness(fitting word play) price to "acquire" the home. Its laughable.

Boots on the ground here telling you the market in the Southwest is jacked up... again. I bought my house in 2009 as a foreclosure and I see the same signs I saw in 2007 all over again. I can't speak for the rest of the country, but Phoenix and Tucson are going to be real estate nightmares in 2022.