Companies like Zillow, Opendoor, and Redfin have troves of data on real estate prices and what homes people are scoping out. So when they started buying houses for cash, touching them up and selling them, you'd think it would be a surefire moneymaker. Armed with high-tech algorithms, what could go wrong?
Lemons, for one thing.
Today on the show: we break down iBuying. And Gregor Matvos — who's been studying these tech-powered-house-flippers — explains the economic conundrum in iBuyers' business model.
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