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  • ‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York
    Real Estate News

    ‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York

    August 22, 2022 /

    When Keyan Sanai moved to Manhattan and started working as a real estate broker in 2014, he was eating 12 to 15 cans of tuna a week to keep costs low. “I said to my friend, ‘My mouth tastes like a fistful of old pennies all the time,’” he says. After a doctor’s visit, he found out he had mercury poisoning. His first few years as a broker were rough. Working at a “boiler room” brokerage, he got acquainted with what he calls the “dark underbelly” of the industry. “The script is basically to lie to people: ‘Put up [an ad] that says ‘no fee’, and once you get ’em…

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    Jerry Schmidt Comments Off on ‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York

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  • Real Estate News

    The $300m flip flop: how real-estate site Zillow’s side hustle went badly wrong | Real estate

    November 7, 2021 /

    Online shopping can be dangerous, as the US home website Zillow has belatedly appear to understand. Even though quite a few of us wasted numerous several hours through the pandemic clicking by serious estate listings on Zillow and daydreaming about the type of pad we’d invest in if we had deep pockets, the business was jogging a facet-company, separate from its house looking web-site, in which it deployed algorithms to assistance it purchase properties on their own and then flip them. It did a lot of shopping for, but hasn’t been so terrific at the promoting. This 7 days the corporation introduced that its residence-shopping for division, Offers, had shed…

    read more
    Jerry Schmidt Comments Off on The $300m flip flop: how real-estate site Zillow’s side hustle went badly wrong | Real estate

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    Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.

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    February 11, 2022

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