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Old 04-14-2013, 08:55 PM
 
155 posts, read 511,507 times
Reputation: 133

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Is this some kind of joke? Why would supposedly respectable people and organizations 'fall' for Zillows propaganda by participating in a Housing Forum sponsored by Zillow? Don't they realise that Zillow spews false and misleading data almost non-stop and pretend like it is factual information?

Forum on the Future of Housing: What's Next for Housing... - Eventbrite

The whole concept loses any credibilty when the the main event features Zillows Chief Economist Stan Humphries who had absolutely zero real estate experience prior to his gig at Zillow. 'Humpty Dumpty' is the architect of Zillows fundamentally flawed Zestimate algorithm which is notorious for 17% of zestimates being more than 25% incorrect, and as his data analysis is based on the information that Zillow publishes that is compiled from Zillows nonsense Zestimates it raises questions to the validity of any perspective that he presents. Perhaps the Senators participating need to call Stan out on his background and lack of relevant experience in housing to substantiate any valid perspective when his source data is questionable at best, to put it politely.

"With a special overview of the nation's housing market by

Zillow Chief Economist Stan Humphries"

AGENDA:
8:00 AM: Breakfast
8:25 AM: Welcome
8:30 AM: Opening Address: The Honorable Johnny Isakson, United States Senator
9:00 AM: Overview of the Nation's Housing Market: Zillow Chief Economist Stan Humphries
9:30 AM: Panel 1: The Future of Housing Demand
10:40 AM: Short Break

10:50 AM: Panel 2: The Future of Mortgage Finance
12:00 PM: Closing Address: The Honorable Jeff Merkley, United States Senator
12:30 PM: Adjourn + Boxed Lunch
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Old 04-14-2013, 09:17 PM
 
Location: The Berk in Denver, CO USA
12,098 posts, read 16,418,220 times
Reputation: 17642
Default OK, Mr "I hate Z"

Get off your high horse of dumping on Zillow.
We all know what Z is and is not.
Your foaming at the mouth merely proves that you breathe through your mouth.

And, did you miss the part about the free breakfast?
I think I might show just for that.
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Old 04-14-2013, 09:30 PM
 
Location: NJ
17,579 posts, read 35,769,113 times
Reputation: 15967
You should seriously consider professional help. You are letting Zillow rule your life.
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Old 04-14-2013, 10:20 PM
 
27,629 posts, read 63,123,705 times
Reputation: 16991
It is not uncommon for firms / indivuals that are not particualrly well regarded by others in their field to increase their "apparent legitimacy" by associating with politicians...
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Old 04-16-2013, 03:28 PM
 
155 posts, read 511,507 times
Reputation: 133
Quote:
Originally Posted by chet everett View Post
It is not uncommon for firms / indivuals that are not particualrly well regarded by others in their field to increase their "apparent legitimacy" by associating with politicians...
Unfortunately you are right and I suppose sucking up to nouveau riche companies like Zillow is always a source of additional campaign donations.
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Old 04-16-2013, 03:35 PM
 
231 posts, read 231,434 times
Reputation: 117
Zillow estimate for the house I'm buying is $367k. Appraisal is $370k.
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Old 04-16-2013, 05:43 PM
 
Location: Mountain Ranch, CA & El Pescadero, BCS MX.
6,899 posts, read 17,484,931 times
Reputation: 6229
Quote:
Originally Posted by chuckd83 View Post
Zillow estimate for the house I'm buying is $367k. Appraisal is $370k.
In these parts we call that "Even a blind squirrel finds an acorn from time to time"
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Old 04-17-2013, 10:21 PM
 
Location: El Dorado Hills, CA
3,630 posts, read 7,393,739 times
Reputation: 3712
Zillow is horrible for specific house values. But they have a good read on the total market trends in a city. I would listen to something at that level. But I would never look at a particular home value.
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