Zillo's Pricing Failures Killed Out More Than 35 Billion Dollars

{For this week we're unlocking a classic episode} We talk about the absurdities of proptech – or the real estate technology sector – which is jam packed with out-of-control purchasing by house-flipping algorithms powered by automated valuation models that lead to balance sheets filled with liabilities and it’s all fuelled by way too much free-flowing capital. In other words, a classic recipe for disaster. The article we discuss: ••• House-flipping algorithms are coming to your neighborhood | Matthew Ponsford https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)