Zillow MESSED Up. Housing Market Crash, Correction, or Continuation? & Stock Play

2 years ago
2

Just over 2 weeks ago, I mentioned seeing the Zillow Owned homes showing major price reductions in almost every major market around the country and elluded to Zillow likely being overextended flipping homes. They have now confirmed it themselves, they are and considering this is 3/4 of their revenue - it's an opportunity.

I talk through what they said, my thoughts on the markets, and even give you insight as to what I am buying, as I think my put strategy here will pay off over time, regardless of how long it takes for a correction to set in.

0:00 - 0:21 Intro
0:21 - 1:38 Zillow Overflipped Homes
1:38 - 4:23 Overall Markets
4:23 - 5:23 The Chart
5:23 - 6:35 Options Play
6:35 - 7:57 Concluding Thoughts

I still strongly believe all is not well - stock, crypto, and housing near all time highs, inflation not transitory nor low, supply chains struggling, health matters continue, and yet "it's different this time" as if historically markets aren't cyclical. No one can say when or how far, but I believe this a housing market indicator. Stay well everyone!

***Disclaimer: This is for educational purposes containing my personal opinions and approaches, this is not investment advice. All trades are made in my smaller accounts to accommodate reasonable expectations for beginning traders with smaller accounts.***

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