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Charlesinrichmond t1_iudqk06 wrote

Reply to comment by againer in Rising mortgage rates will exacerbate the housing situation in RVA by BumbleBeeVomit

it's actually been going the other way - turned out their models weren't working and they lost a fortune, so everyone is dialing back. Given a down market I expect that will happen even faster

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againer t1_iudtekr wrote

Yeah. Too risky to their bottom line and best to stick to their core business model.

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Charlesinrichmond t1_iudu55e wrote

they loved the idea, but they were getting slaughtered. Read up on the zillow mess you might find it amusing. And that was in an up market

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againer t1_iuduua6 wrote

Yeah. VCs, tech valuation, and "profitablity" is a fucking wild landscape. Meta is a prime example of that.

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