#BarbaraCorcoran #Zillion #Tesla #Rivian
Real estate consultant and Shark Tank host Barbara Corcoran discusses difficulties Zillow faces with house-flipping in a consistently unpredictable real estate market, plus her thoughts on Rivian and Tesla electric vehicles.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
I really want my portfolio to be up to $100,000,000 before a year, I guess it can be possible 😀
@Terry Pasca you should know it’s easy and hard to make that much profit. I say EASY because it’s very possible to make that much, and Hard because you’ll need professional assistance to do it, I’d suggest you get assisted by a market advisor like BLAINE PHILLIPS JR
@rub tyson that is totally true, but how well does a financial advisor improve your profit? What is the experience like using an advisor?
@UChKHS7xWDwW2DPBa5x4owDQ This is impressive how could someone go about getting investment guidance from a coach like that, would you mind sharing your coach info?
@Sandra Barbs just type Blaine Phillips jr, look his name up on the internet and you will find everything you need to know about him on his personal site
My first investment with BLAINE PHILLIPS JR trades services gave me profits of over $8,500 and ever since then he has never failed to deliver and i can ever say he’s the most sincere broker I’ve ever known !
@Yahoo Finance, this was the best guest you had invited so far. Barbara Corcoran is so clear in her response, loved her confident and clear responses.
Talking heads are always confident. Especially Barbara knowing how to renovate a kitchen
Speaking confidently has no relationship to whether you’re correct.
When she confidently announces that this will be good for the housing market (arguing that people will assume it means now is a time to buy), she doesn’t believe herself. Her job is to talk up real estate prices.
BUT people keep saying real estate will only go up!! Waaaa
Zillow should have flipped 14 houses at a time, not 14,000
People should own homes, not companies/corporations…period.
Ridiculous! Real Estate is great, but the wealthiest people in the world are That rich from owning stock. Elon Musk, Jeff Bezos, Bill Gates, Warren Buffet, Zuckerberg etc etc…..End of discussion.
“Should” is a meaningless word
Your sentence literally means: People should not own companies. Please rephrase your sentence as: ‘Companies should not own homes, people should’
@Rich Boy haha I completely misunderstood what he was trying to say. Thank you for clarifying for him
People who shorted Zillow last week are multi millionaires now and can retire in their 20s LOL
Yet people pretend that the American economy rewards hard work
If you’re shorting it, you’d likely need some inside knowledge. Otherwise, you’re throwing away lots of money.
@Joshua Gourlay Several Youtubers recommended shorting Zillow a couple of months ago.
@James Little I don’t necessary know how to short something, but doing puts will drain your cash even if you know it’s going to happen but don’t know when
“That’s real estate; it’s always up, down, and in between.”
Thanks Barb.
“And for that reason, I’m out.”
😂
She probably slept her way to the top since 70s. Nothing she says is insightful
lol she so cocky too!
@Ironicalballs Pretty insulting…she’s been in real estate for years. She also talked about “Open Door”, etc. Give me a break.
In a down market, realtors make a commission. In an up market, realtors make a commission. The volatility of the market determines how many deals they do and how many deals they do determines their income. So, connect the dots. If you ask a Realtor how the market is, they will tell you to Buy or to Sell or to do Both.
Over priced everywhere … except Kentucky
🤡
Opendoor will be the next to crash !
Screw Zillow! Screw all corporate!
She is 100% right about renovating a home. You can’t understand how though it is if you haven’t been there!👌
I feel you Barbara but I want to understand how Richard did not have his algorithm expect volatilely and compare that with the average burn rate of these assets. And to lay off 25% of your workforce is pretty drastic way to cut expenses, when you made a big ohoh. Thats the telling sign something is still not right with this stock. I think some information is being hidden from the public. I think the losses are more severe than we think currently. But only time will tell. I hope Im wrong.
not the mention the inflation cost on building stuff
lol a Tiktoker exposed them and now they are failing lol
“exorbitantly low” is an oxymoron
…Not hating on barbara, but I can’t give her any credits for saying whatever she is saying about zillow right…the cat is out of the bag and we all can see it.
She should have said these things, made predictions about Zillow being on the wrong track months before …
Right now, she is just commenting on what we are all seeing and hearing
She wasn’t interviewed months ago…she’s being interviewed n-o-w. Maybe she said what you said months ago to someone else?
Why would you mistrust the Fed. LMAO! Federal Reserve Family Bankster Cartel, that why. Left and right wing is the same bird!
Do not believe anything that comes out of the Fed. And the Fed is as Federal as Federal Express!
The Fed loves your Debt and Fed is getting beyond rich through the plandemic. The more debt issued the more enslaved most get!
Is Barbara striking a pose, hand on hip? Wtf is going on?
Nice work
So glad I discovered your channel! Great content 🙂
Thanks Barb! This opinion offered in hindsight is as brave as it is useful.
Ahaahahaha
Housing market is all screwed up..so much greed out there.
this zillow story is not what it appears to be. it has nothing to do with the algos.
What’s wrong with her mouth?
let’s be reminded that each opportunity we let go Carried a change for a life time we don’t make profits by holding coins,we trade to make profits.
717
7636
Facebook name below 👇
Brandi J Adams
She helped me recover $30,99, I lost to scammer and earned me a profit of over $6000 in just 7days of my trade
That’s it. I’m out. I am down 45%.
Wow, she slipped up…Babs you know it’s a buyer’s market in a majority of markets right now!
VENTURING, into the trading world without a professional trader and expecting profits is like turning water into wine..Lol, you would need a miracle, that why i trade with Mrs silver alex ,her skill is exceptional..
@Mathew Dickson’s
YOU CAN MESSAGE HER ON HER TELEGRM PAGE,
@Mathew Dickson’s
INVESTWITHSILVERALEX001?
my portfolio has grown really large with the consistent weekly profit am getting investing with Mrs silver alex , there’s no doubt she is the most reliable in the market. such a great and wonderful genius.
Let me be blunt..I have traded with a lot of individual but i have never come across anyone as good as, Mrs ALEX, by applying her strategies. i now trade independently.she is the best i do advice novice in in vesting to trade with her.
Amazing i also started just started trading with mrs silver, she is the best at what she does with an initial investment of $2300 as a day trader i made $6340 in just a week of trading with her,
Leave it to people in the real-estate industry to fall so hard for their own prices-only-go-up propaganda that they lose tens of millions.
Barb has this correctly, they lost the hedge funds as a buyer
Costs will eat their lunch, need to move immediately
anything move in ready can sell in hours today!
Is Barbara displaying some facial paralysis on her left side (camera right)?
Yup, I was thinking the same thing.
Successful people don’t become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
They have to dump their inventory fast or won’t they be paying more property taxes?
Owning a house or being a Landlord now is not so great, is it. Property taxes up, maintenance up, insurance, up, tenants have some major work issues and difficulty paying their rent, repairs/remodelling outrageously expensive right now, etc.
I’m 25 and getting into real estate. Does anyone have any tips/tricks?
I’m looking to become a real estate agent when I turn 18 (16 now)
Thank you so much
It is not a reflection of the housing market it is a reflection of incompetence, greed and he could sell it to investors. He was creating extra players and another transaction….adding cost. He had to create a whole layer to run a business they did not understand. They are a data company.
It was good for the ones that sold their homes at an inflated price. Lucky ones.
I would argue that buyers will be willing to absorb higher home prices in the interest rising environment, that contradicts math and common sense. Zillow simply getting rid of the home glut they got exactly because they dont see much of price encrease from here.
Key question is where will interest rates be going ? Inflation here. What will the FED do to rates ? I keep hearing they have to raise them. That will mean less Buying power.
No. Lost trust in Zestimate. Prices and estimates are inflated by Zillow. Will wait another 6 months to buy the house.
Failure of management. Similar to Sears. Disconnected from reality and the consumer.
Investors deserve this because regular buyers wanted to buy houses but investors were buying every house.
I laughed when I heard this news years ago TV has the world believing they can flip a house overnight lol..
“People are willing to pay anything to not be homeless or get stuck with high rents. It’s amazing! It’s like a rubber band that doesn’t snap back! It’s… It’s… non-elastic or something.”
Did you ever think that Zillow was using their website to buy houses before they even hit the market when users listed their homes for sale? Looks like an “insider trading” style.
BUT with a BAD Algorithm ! 6% LOWER than Zillow bought it for …. I’ll bet it becomes more like 10 to 15 % !
They paid out so much over asking that anyone could have seen that there was no ability to get a return without massive upturn in sales. They should have had a business plan for this.
They tried to corner a segment of the market and it bit them on the butt. Evidently somebody at Zillow didn’t know what they were doing.
Meh the whole thing reeks of $ laundering. How many companies (incorrectly) thought Biden would raise taxes on corporations and then desperately tried to tie all their $ up in real estate.
And this is exactly why sociopaths like Barbara are always “taken aback” by things like this. Even the most basic of investor
knows that this is the outcome.
Barbara……… You are a fool.
Rivian RT1 = Beautiful; Tesla weird truck = hideous. Elon may get beat in the EV truck market.
Besides overpaying for homes, Zillow never upgraded the homes in any way. They just got overly greedy and wanted to get a piece of the sale by overcharging for no good reason. Investors should not be able to touch homes where neighborhoods are no high rises or businesses.
I was really disappointed that this story didn’t even touch on the truth of what happened. You are correct—they overpaid to get into the flipping business. Barbara mentions they will be selling the homes to institutional investors? Why would they dump them and lose more money?
They damaged the real estate market people needed these houses
This is the beginning to the end of the total markets to all collapse! Same scenario as 2010, with different variables! Soon bargains will arrive in droves!
i LIKE HER PREVIOUS FACE BETTER…….BARELY RECOGNIZED HER…….
Greedy Fulkerson.
Price gouging
I’ve been a property investor for nearly 20 years. Zillow is not the only entity who lists properties at 10-20% above appraised value. Greedy experienced and unexperienced real estate agents are doing this too. These actions will lead to another housing collapse that the American tax payer will have to foot the bill. After speaking with many real estate agents over the last 12 months about why they are listing properties 10-20% above value, they all say “It’s the market!”. I tell them NO, you are the ones setting this market. It’s one this to list a property at comparable value, and then letting people pay more through competitive offers. However, it’s all together different when they list a property above comparable value then tell buyers to submit their highest and best offers above that inflated listing price (which those words “best and highest” violates real estate ethics per their license). Now, the vast majority of people who have bought properties within the last 12 months are upside down on the mortgage or spent all their savings or equity paying what’s called “appraisal gap”. The only consumers that are able to take advantage of the low interest rates in this current economy are folks selling their current homes and using the equity from that sale to overpay for the new home they are buying. Most of the first-time home buyers are being pushed right out of this market because they don’t have huge savings or funds from a recent property sale to use to purchase their 1st home……. This greed will have a major effect on the economic and housing markets.
Think comes down to liquidate banking issues if and if interest rates rise banks won’t lend like they are now. Wonder if u have a time frame I don’t see it maybe another couple years
guranteed everything she said is going to be wrong in about 3 months