Problems Solved: Drones, Bananas and Real Estate*
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The I Buying Business - What Is It?
Redfin closed its home-buying business because of falling housing prices and the increasing cost of capital. "It's a wildly capital intensive business to actually be the principal in a transaction where you're the source of the money yourself," he says. The company is now focused on helping people find homes they can sell for less than $500,000. 'I've had to shift my own approach to running Redfin from one that's very entrepreneurial'
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