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There are hundreds of websites that talk about stock values. Should those people be held responsible if someone goes out and buys or sells based on their opinion and it turns out to be wrong?
Anyone publishing information offering financial information is strictly monitored by The SEC and subject to prosecution if found to be peddling false information or influencing the market. The sooner that websites like Zillow, which influence a far greater value in home values, are subjected to equal scrutiny by a Regulator the better for all of us. The quality of the information they provide is too inaccurate but they refuse to make corrections or delete the incorrect value. It has nothing to do with their algorithm but all to do with how their internal processes for managing data are so poor that cause the errors.
Anyone publishing information offering financial information is strictly monitored by The SEC and subject to prosecution if found to be peddling false information or influencing the market. The sooner that websites like Zillow, which influence a far greater value in home values, are subjected to equal scrutiny by a Regulator the better for all of us. The quality of the information they provide is too inaccurate but they refuse to make corrections or delete the incorrect value. It has nothing to do with their algorithm but all to do with how their internal processes for managing data are so poor that cause the errors.
haha - using "The SEC" and "strictly monitored" in the same sentence is ludicrous. The SEC is a joke as a regulator - people who work there are just buying time until they cash out taking a job with GS or the like.
Selling stock options by the management team has nothing to do with your issue(s) here. There are far greater crooks fleecing us as a country then this silly internet site nobody takes seriously. I'd advise re-directing your angst.
How dare they make money. They should all be drawn and quartered.
It's even worse than that people, people will begrudge these people making money even when the provide something that the general public does not even pay one cent for.
They don't provide a free service; what they do is 'cyber trespass' of property and publish valuations which in over 20% of cases are incorrect and they don't take any responsibility of their actions on any consequences to the home owner. There needs to be proper Regulation imposed on companies like Zillow so stop them using other peoples property as a means of generating advertizing revenue.
And no I am not an employee or never have been of Zillow - and wouldn't want to be
So is this why you're so mad (and you may have posted this on here too):
Quote:
My Zestimate range is totally out of synch with the actual sales values being achieved for similar prperties in my immediate neighborhood in recent weeks, as well as the past 4 years. Detailed benchmark was provided to substantiate the fact that Zestimate id wrong but was not even referred to in the email from Zillow describing the infallibility of the 'algorithm' just as if it was Moses and tablets of stone. When I say incorrect I mean incorrect by 50% on the botton of the range and 20% on the top of the range.
So basically the Zestimate for your house is lower than what you paid for it, and you e-mailed Zillow and they didn't change it. If they changed just your Zestimate and nobody else's would you stop the crusade?
Anyone publishing information offering financial information is strictly monitored by The SEC and subject to prosecution if found to be peddling false information or influencing the market. The sooner that websites like Zillow, which influence a far greater value in home values, are subjected to equal scrutiny by a Regulator the better for all of us. The quality of the information they provide is too inaccurate but they refuse to make corrections or delete the incorrect value. It has nothing to do with their algorithm but all to do with how their internal processes for managing data are so poor that cause the errors.
hilarious! this is the best thread i have seen in a long time.
Please.....regulate Zillow? Seriously? Maybe next we should regulate common sense.
Apparently already been done. Vast quantities of formerly privately owned "common sense" seem to have been seized by the government and put in Fort Knox, in place of the missing gold...
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