[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.

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-rsh

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Rob Hahn

Rob Hahn

Managing Partner of 7DS Associates, and the grand poobah of this here blog. Once called "a revolutionary in a really nice suit", people often wonder what I do for a living because I have the temerity to not talk about my clients and my work for clients. Suffice to say that I do strategy work for some of the largest organizations and companies in real estate, as well as some of the smallest startups and agent teams, but usually only on projects that interest me with big implications for reforming this wonderful, crazy, lovable yet frustrating real estate industry of ours.

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