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Dunes,Depressing links. Can't say it comes as a surprise. I wish I had something intelligent to say about it but all I can think of isUGH!Banks and other "loan institutions" doing things they shouldn't. Who woulda thunk?Pas,I read the entire thread you linked to, regarding the factors going into the Zestimate and your views on intrinsic value.I have to admit, I'm going to have to read it a few (lots of) times to absorb your stuff, but you have to give me credit for trying. Even if I'm a little fuzzy on the details I get the gist of what you're saying.Part of what I take issue is, is the human error involved in the Zestimate, how many inconsistencies in the data involved. Seems to lead to fuzzy math and if Zillow has been accurate in forecasting trends, I am glad that is useful to you and others who have benefitted from that.But I would say the majority of people who want to know what their zestimate is, don't give a darn about all that stuff. They just want to know what zillow says their house or the house they want to buy is worth.How many people do you think will take the time to read your impressive explanation of the zestimate? I personally think everyone should, just to educate themselves, but I will guess that most don't.I guess that is why people misunderstand what the zestimate is, because they won't take the time but its one of those things that is bound to be easily misunderstood by those people who just want quick answers, which is a large part of the population. The people who are interested in the info on this website have access to so much these days and only so much time. Most people are not going to want to delve deeper into how each website comes up with its data.So data gets continuously misunderstood.I also get that you are not Most People and will always look forward to reading what you have to say, whether I agree or not.Joan, the one with the UNmathematical mind, but continuously trying.
.....yeah, that's the ticket. :)
@ Sunnyview - Skip sends his regards. Maybe you can work up a really sketchy post for him and have that deleted by Zillow's moderators?
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