Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Marketwatch)   Coronavirus has slowed China's real-estate market so much not even Zillow could fudge the numbers   (marketwatch.com) divider line
    More: Obvious, Real estate, China's property market, number of popular apps offer, sales price, New-home prices, Property, Price, Lianjia agent Xiao Jiang  
•       •       •

305 clicks; posted to Business » on 21 Feb 2020 at 9:57 AM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



11 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-02-21 9:07:55 AM  
Looks like there are a lot of suddenly available properties in Wuhan anyway.
 
2020-02-21 10:00:04 AM  

OdradekRex: Looks like there are a lot of suddenly available properties in Wuhan anyway.


there is even a new hospital!
 
2020-02-21 10:09:56 AM  
I really don't get the equity markets right now. Corvid-19 will clearly impact supply chains globally.  Yeah its not the zombie plague with mass die offs but it will cause some serious economic problems. China doesn't quarantine a hundred million people in their homes and emergency build 1,000 bed hospitals in a week for nothing.
30 year US treasuries hit an all time low yield of 1.89% for crying out loud... but equities?

Nope don't care. Stonks only go up!
 
2020-02-21 10:10:01 AM  
Maybe more demand for standalone houses in the countryside.
 
2020-02-21 11:05:05 AM  
Why would zillow "fudge the numbers"?   What numbers?  What would be the point?
 
2020-02-21 11:10:49 AM  

Rapmaster2000: Why would zillow "fudge the numbers"?   What numbers?  What would be the point?


Zillow is terrible at overpricing real estate estimates. Between Chase, Bank of America, USAA, and Zillow, they are always high by a wide  margin.
The point is so that you get excited that your house could be sold for a profit and then you use Zillow's services to try and sell your house.
The other 3 I listed are lenders so it is in their best interest to be accurate.
I use Zillow when I want to daydream of retiring.
 
2020-02-21 11:12:14 AM  

AlanMooresBeard: I really don't get the equity markets right now. Corvid-19 will clearly impact supply chains globally.  Yeah its not the zombie plague with mass die offs but it will cause some serious economic problems. China doesn't quarantine a hundred million people in their homes and emergency build 1,000 bed hospitals in a week for nothing.
30 year US treasuries hit an all time low yield of 1.89% for crying out loud... but equities?

Nope don't care. Stonks only go up!


I have a few ideas on that.

1.  The simplest is that stock traders are optimistic and bond traders are pessimistic.  I'm more aligned with the bond traders pretty much always, but that's been the knock on stock traders for years.  They shrug off bad news until they can't anymore.  Then, they panic.

2.  Stocks are forward looking.  Companies affected by coronavirus may not hit their growth targets in Q1 or Q2, but by the end of Q4, all of that missing growth will be regained.  Apple announced impacts, and they only fell 3%.  The market just shrugged it off.

3.  Index investing has limited the pool of active traders. It is up to >40% of the market.  Index funds don't have managers actively moving money around.  They just buy or sell based on what Joe Public is doing.  Your average index investor strongly believes in buying and holding.  That could be making the market sticky.
 
2020-02-21 11:14:25 AM  

AlanMooresBeard: Rapmaster2000: Why would zillow "fudge the numbers"?   What numbers?  What would be the point?

Zillow is terrible at overpricing real estate estimates. Between Chase, Bank of America, USAA, and Zillow, they are always high by a wide  margin.
The point is so that you get excited that your house could be sold for a profit and then you use Zillow's services to try and sell your house.
The other 3 I listed are lenders so it is in their best interest to be accurate.
I use Zillow when I want to daydream of retiring.


Yeah, Zillow has my house at $60,000 higher than what I believe is FMV, and I might even be high.  Most homeowners overvalue their homes.  My wife's friend thinks that Zillow is too low and her house is worth a bajillion because of her paint selections.
 
2020-02-21 11:20:34 AM  

AlanMooresBeard: Rapmaster2000: Why would zillow "fudge the numbers"? What numbers? What would be the point?

Zillow is terrible at overpricing real estate estimates. Between Chase, Bank of America, USAA, and Zillow, they are always high by a wide margin.



I wouldn't say "terrible" so much as "intentional."
 
2020-02-21 11:29:21 AM  

elvisaintdead: AlanMooresBeard: Rapmaster2000: Why would zillow "fudge the numbers"? What numbers? What would be the point?

Zillow is terrible at overpricing real estate estimates. Between Chase, Bank of America, USAA, and Zillow, they are always high by a wide margin.


I wouldn't say "terrible" so much as "intentional."


Intentional as in along the lines of the rest of my post?
 
2020-02-21 11:33:02 AM  
Rapmaster2000:

3.  Index investing has limited the pool of active traders. It is up to >40% of the market.  Index funds don't have managers actively moving money around.  They just buy or sell based on what Joe Public is doing.  Your average index investor strongly believes in buying and holding.  That could be making the market sticky.

I think there is a lot to be said for this and its impact on markets. That 40% will probably continue to climb. How and when this continues to change how the overall market operates I still haven't come to a conclusion on.
 
Displayed 11 of 11 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking





On Twitter




In Other Media
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.