*Unlocked* – What If An Algorithm Bought Your Home?
This Machine Kills
00:00
What Are You Doing Here?
Zilo lost 881 million dollars on zillo offers in a letter to shareholders. When sellers offer up pemons, or dud homes with stinking carpets, the eye buyer ends up paying too much for them. So what you end up doing is that these automated valuation models, these automated algaritms, they end up buying all the lemons at over market value but never getting any peaches,. which leaves them with toxic assets and liabilities on their balance sheet.
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