Reply to How many years until realtors are replaced by Redfin/Uber/Zillow/etc?

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Reply to "How many years until realtors are replaced by Redfin/Uber/Zillow/etc?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Redfin hasn't had nearly the success disrupting the real estate industry as Uber has had on the taxi industry. I mean, 10 years in it can't even get more than 3% market share in its home market of Seattle.

Besides, Redfin appears to be little more than a pyramid scheme to go public and enrich early investors. I don't see a sustainable business model. Mainly because they keep changing the model like every two weeks.

So the short answer is I don't think we'll see disintermediation of the real estate industry anytime soon. [/quote]

Thanks, realtor.  Change is inevitable.[/quote]

Not a Realtor. Just someone in business who studies this sort of thing. But it's such a clever retort, calling people who disagree with you Realtors.

Look, digital has had disruptive effects on many industries...

1) Car buying. Auto dealers as we know it are nearly gone.
2) Taxi services. Uber.
3) Banking and capital markets have been transformed.
4) Insurance, etc.

But, no, not real estate. Redfin will launch its IPO and then slowly drift down in value as it misses earnings target after earnings target. [/quote]

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