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Old 04-14-2013, 07:55 PM
 
159 posts, read 588,376 times
Reputation: 141

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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, 08:17 PM
 
Location: The Berk in Denver, CO USA
12,761 posts, read 17,959,064 times
Reputation: 19370
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, 08:30 PM
 
Location: NJ
17,579 posts, read 37,506,974 times
Reputation: 16078
You should seriously consider professional help. You are letting Zillow rule your life.
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Old 04-14-2013, 09:20 PM
 
28,056 posts, read 66,276,042 times
Reputation: 17518
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, 02:28 PM
 
159 posts, read 588,376 times
Reputation: 141
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, 02:35 PM
 
231 posts, read 244,280 times
Reputation: 117
Zillow estimate for the house I'm buying is $367k. Appraisal is $370k.
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Old 04-16-2013, 04:43 PM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 18,191,439 times
Reputation: 6343
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, 09:21 PM
 
Location: El Dorado Hills, CA
3,660 posts, read 7,784,629 times
Reputation: 3730
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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