[VIP] Don’t Tell Yourself Pretty Lies About iBuyers, Part 1: Economics of iBuyer

Recently, there was an excellent post about iBuyers from Homebloq, a company that appears to sell some sort of a mobile app “connecting Chicago brokers and buyers” according to the website. The blog is not signed, but I think it’s written by Austin James, the co-founder of Homebloq, and is titled, “How iBuyers Die.”

I’ve seen a lot of these kinds of posts and sentiments since Opendoor pioneered the space in 2014, but this one caught my eye and kept my interest because the author spent a good amount of time and effort, did his/her homework, and put together an interesting bear case against iBuyers.