Comments by "worn down" (@worndown8280) on "ZILLOW BREAKING: Home Price Freefall SHOCKS Sellers" video.

I sold a property in June of 2021 in Northern California. I sold it for 460k, it was way north of Sacramento. In June of 2022 it was worth, according to Zillow, 580k. Now according to Zillow its worth $489,400. Real estate is local, but in many places they are getting absolutely crushed. That right there is about a 17% drop from peak. But be feel free to check my math. "Its just a gully that's all. Just nerves."
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Zillow is more than likely over leveraged. And like banks who, post 2008, did not want to sell assets as they were worth less than they were on the books because if they did sell them, they then had to record that loss. Zillow is more than likely already bankrupt.
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