Redfin
Redfin
Full disclosure, I bought Redfins IPO as the first individual stock I have bought in 7.5 years.
Would others kindly please share their thoughts on Redfins business model, forecast and the idea of having RDFN as part of a portfolio?
Thanks!
Would others kindly please share their thoughts on Redfins business model, forecast and the idea of having RDFN as part of a portfolio?
Thanks!
-
- Posts: 346
- Joined: Tue Apr 25, 2017 4:34 pm
Re: Redfin
This is a very uninformed opinion, but my general sense is that there is a huge addressable market for people who want to sell and buy their homes without real estate agents, and if they can develop a system in which this can happen for a vastly reduced commission, that would seem like a huge upside. I don't think they're there yet as they only current save people about 1.5% of the commission (25% of the total commission), so to me the savings are questionable for sacrificing what a traditional (and effective) broker would offer.
Now, if Redfin can cut down the TOTAL commission to say 1-2%, and offer direct (peer-to-peer) home buying, and simply handle all the technicals, PLUS give priority listing on Redfin, that might seem a bit more attractive.
Now, if Redfin can cut down the TOTAL commission to say 1-2%, and offer direct (peer-to-peer) home buying, and simply handle all the technicals, PLUS give priority listing on Redfin, that might seem a bit more attractive.
Re: Redfin
I think they have a solid business model. There will be a lot of push back from realtors but for 90% of purchases, a full service provider does not add much value. They have indeed reduced net commission to 4.5%. If they continue it will end up settling around 2-3.5%
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
Re: Redfin
Redfin was the best RE website for browsing listings, that we found. Much better than their competition, and when I read some articles about their model, it was apparent that they were different and better.
That was our experience, just using the site to browse. We stayed more informed than our Agent, of course.
I do believe that the RE market has a lot of potential for web-based, DIY, similar scenarios with a lot of money to be saved and made.
Our first home purchase left us with a dirty feeling, after having dealt with such an incestuous business model. I despise the entire RE business model and would be happy to see it come down. But besides that, it was a great experience!
That was our experience, just using the site to browse. We stayed more informed than our Agent, of course.
I do believe that the RE market has a lot of potential for web-based, DIY, similar scenarios with a lot of money to be saved and made.
Our first home purchase left us with a dirty feeling, after having dealt with such an incestuous business model. I despise the entire RE business model and would be happy to see it come down. But besides that, it was a great experience!
- whodidntante
- Posts: 13089
- Joined: Thu Jan 21, 2016 10:11 pm
- Location: outside the echo chamber
Re: Redfin
I don't plan on buying their stock, but I think Redfin has good prospects for future growth. The "problem" as it were is for now they operate in a Blue Ocean and don't have a clear moat that can't be addressed with a large internal investment by a competitor. If Berkshire, Amazon, or other companies decide to end Redfin, there is a significant chance that they will succeed. Best case for the Redfin investor is that competitor decides to buy Redfin rather than crush it. I see similar risks for Tesla.
I would sell it at some point and diversify. But that doesn't mean you should. It might be a rocketship to the moon for all I know.
I would sell it at some point and diversify. But that doesn't mean you should. It might be a rocketship to the moon for all I know.
Re: Redfin
Since 2000, I've always said real estate was ripe for disruption on the web. Some folks have tried to change the 6% system...discount brokers, etc.
That real estate agent world is very close knit when it comes to protecting their %.
I've gone through multiple FSBOs and recently even sold a rental property on craigslist. I know state to state real estate transaction processes differ, but in my state (South Carolina), all the paperwork is really handled by a closing attorney, which I think makes about $1000-$1500 per transaction.
The issue I see most often when we talk to friends is very similar to self-investing. There's an issue of anxiety with handling large $ transactions. Our friends are more concerned about the paperwork/paper trail part.
I've never been convinced that a % of sales is the best option for sellers/buyers in real estate transactions.
If Redfin can position itself as the disruptor and ensure folks know their service as the "Kleenex" of online real estate sales/transactions, they will be ripe for acquisition. It all depends on the focus of management.
I read an article recently about Zillow and Redfin. I think the Zillow CEO was criticizing Redfin's model. I can't recall exactly what was noted.
Either way, as we move forward and when Millennials finally do decide to buy homes, a disrupter like Redfin will look more appealing to that generation than real estate agents are to Gen X and Baby Boomers.
That real estate agent world is very close knit when it comes to protecting their %.
I've gone through multiple FSBOs and recently even sold a rental property on craigslist. I know state to state real estate transaction processes differ, but in my state (South Carolina), all the paperwork is really handled by a closing attorney, which I think makes about $1000-$1500 per transaction.
The issue I see most often when we talk to friends is very similar to self-investing. There's an issue of anxiety with handling large $ transactions. Our friends are more concerned about the paperwork/paper trail part.
I've never been convinced that a % of sales is the best option for sellers/buyers in real estate transactions.
If Redfin can position itself as the disruptor and ensure folks know their service as the "Kleenex" of online real estate sales/transactions, they will be ripe for acquisition. It all depends on the focus of management.
I read an article recently about Zillow and Redfin. I think the Zillow CEO was criticizing Redfin's model. I can't recall exactly what was noted.
Either way, as we move forward and when Millennials finally do decide to buy homes, a disrupter like Redfin will look more appealing to that generation than real estate agents are to Gen X and Baby Boomers.
Re: Redfin
As a disclaimer, I tend to be a late adopter of technology. I paid a total of 4.5% re commission on a traditional transaction when I sold my home in 2015. I found that to be reasonable as I wouldn't have wanted to do showings, host an open house, negotiate directly with prospective buyers, or (as a previous post mentioned) deal with the paperwork.
Re: Redfin
I think Redfin's model is the future, with agents as employees instead of independent contractors. I don't think agents are ever going away - too many people need too much handholding when buying or selling homes. I do think that commission models are hanging on for dear life, though, and that we'll see some disruption there sooner rather than later.
This is my favorite real estate blogger talking about Redfin. He did a number of posts about the IPO. http://www.notorious-rob.com/2017/07/th ... rokerages/
This is my favorite real estate blogger talking about Redfin. He did a number of posts about the IPO. http://www.notorious-rob.com/2017/07/th ... rokerages/
Last edited by simmias on Sat Aug 12, 2017 7:18 am, edited 1 time in total.
-
- Posts: 1392
- Joined: Mon Apr 24, 2017 11:16 am
Re: Redfin
There seems to be some misunderstanding about Redfin's services. From our experience both buying and selling with them, they are essentially a full service real estate broker with reduced fees and better technology. They handle negotiations, provide photography for the listing (and now 360 views), host open houses, develop lists of comps, etc. The only thing they do less on the buy side is have agents constantly suggest homes to you. For the most part, it is up to the buyer to browse for homes they want to see. Which is what most buyers do anyway. And their website automates suggestions, too. They then have lists and reviews of attorneys and inspectors they work with regularly. I can't fathom a reason to use any other agency, aside from using a friend or relative.
That said, I am less certain about their stock. They have captured only 1% of sales and with relatively slow growth for a "tech" company. On the other hand, that shows they have a lot of room to grow.
That said, I am less certain about their stock. They have captured only 1% of sales and with relatively slow growth for a "tech" company. On the other hand, that shows they have a lot of room to grow.
Re: Redfin
I just completed a long distance sale of a relative's home with Redfin. We had a good experience with the Redfin agent. The house had multiple offers. It was nice having lower fees. We used the law firm that the Redfin agent had been using and the lawyers fee was discounted and predetermined. The lawyer was not very helpful, but the agent performed some tasks that would have been difficult for me to perform without traveling out of state. The only complaint I have was that the buyer's bank did not wire funds as was promised, but sent a cashiers check allowing them to keep the interest float of 7 days.
A nephew works for Redfin researching property and neighborhoods and his wife works sales locally. The nephew does not travel but does all his national research on-line. I know nothing about the company's prospects, but was impressed with the agent I worked with. I am no longer spending anytime analyzing individual companies since I have retired.
A nephew works for Redfin researching property and neighborhoods and his wife works sales locally. The nephew does not travel but does all his national research on-line. I know nothing about the company's prospects, but was impressed with the agent I worked with. I am no longer spending anytime analyzing individual companies since I have retired.
Re: Redfin
I own a little (and I do mean little), and I wish them the best of luck. Real estate brokers are still in the Stone Age in terms of their high fees, and have many anticompetitive methods to try to keep that. Can you imagine stock brokers cutting deals with individual companies saying that only full priced brokers would be allowed by the company to buy shares, so that index funds couldn't buy most stocks since they'd been "locked up"?
I also think that between the web letting you see a lot about a home remotely, the increasingly high home prices in many areas (so that 3% is a big absolute dollar amount), and most people being "cheap" (meaning they look more at sticker price over intangibles for services), that people will migrate towards Redfin over traditional brokers once they are widely known. Just look at the travel agents - who uses those to buy plane tickets anymore?
I also think that between the web letting you see a lot about a home remotely, the increasingly high home prices in many areas (so that 3% is a big absolute dollar amount), and most people being "cheap" (meaning they look more at sticker price over intangibles for services), that people will migrate towards Redfin over traditional brokers once they are widely known. Just look at the travel agents - who uses those to buy plane tickets anymore?
-
- Posts: 6993
- Joined: Mon Jan 03, 2011 8:40 am
Re: Redfin
Redfin may have started the volley against commissions for real estate agents, but think it is just a scratch on it surface. If they continue to press down on the commission they will succeed. IF they don't another competitor will and they will be forgotten.
Hope professionals will chime in, but I believe their model is to align themselves with AGENTS. By having them always closing instead of wasting time looking for clients the idea is overall better/ consistent income to the agent despite lower commission per transaction. That will have to change. It is only a matter of time when a competitor aligns with the CONSUMER. As the poster above intelligently commented they need to reduce fees further and just be there for the transactional details. I do believe real estate agents have a role when it comes to closing, BUT it is not at the tune of x% of commission. It should be flat rate. Does it take any more effort to close a $5million dollar house vs a $50,000 dollar house? IF not then why the discrepancy in commission? Not much different then the FA and hourly rate vs. AUM argument. The real estate agent industry is lucky they have not had their lunch taken from them prior to this.
Good luck.
Hope professionals will chime in, but I believe their model is to align themselves with AGENTS. By having them always closing instead of wasting time looking for clients the idea is overall better/ consistent income to the agent despite lower commission per transaction. That will have to change. It is only a matter of time when a competitor aligns with the CONSUMER. As the poster above intelligently commented they need to reduce fees further and just be there for the transactional details. I do believe real estate agents have a role when it comes to closing, BUT it is not at the tune of x% of commission. It should be flat rate. Does it take any more effort to close a $5million dollar house vs a $50,000 dollar house? IF not then why the discrepancy in commission? Not much different then the FA and hourly rate vs. AUM argument. The real estate agent industry is lucky they have not had their lunch taken from them prior to this.
Good luck.
"The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing.” |
-Jack Bogle
Re: Redfin
I've been a long time user of the Redfin website and watched their business model since early on. I like their goal but feel they've abandoned their mission somewhat already in search of higher profit so I'm disappointed by that. Their commissions are an about a full point higher than when I was first watching. Their rebates in many areas now, such as mine, are nothing more than the promise of a $500 gift of some type from their partner agent. I hope the company can get back to their original disruptive goal and push house commissions down towards 1%-3% total or perhaps a flat fee. We have only sold one property in our life so far and it was too cheap to be accepted by Redfin. My wife uses their website though almost daily to look at houses. I have a hard time understanding how the work done by any real estate agent is worth $18k+ in commissions for a middle of the road inland suburban California home.
Re: Redfin
Can anyone in their own words explain what redfin really is? What it will replace?
Re: Redfin
how much did you buy also?
- steadyeddy
- Posts: 771
- Joined: Tue Mar 31, 2009 5:01 pm
- Location: The Alps of the Midwest
Re: Redfin
I agree with much of the above. They set out to disrupt the market, but very quickly raised fees and became an also-ran. Love the website, but don't know that I would use them as a buyer or seller.
And the market certainly needs to be disrupted. I can easily get all the information I need to price my own home, and I can view homes rapidly as a buyer online. A "full service" agent doesn't have to do as much as they once did, and frankly, I prefer to self-service.
What I want from an agent:
And the market certainly needs to be disrupted. I can easily get all the information I need to price my own home, and I can view homes rapidly as a buyer online. A "full service" agent doesn't have to do as much as they once did, and frankly, I prefer to self-service.
What I want from an agent:
- Good pictures (selling)
- Willingness to show me houses quickly as they come on the market (buying)
- Strong negotiation skills (both)
- Cost commensurate with value-add; lower than 6% considering house prices in my area (both)
Re: Redfin
I don't think the Redfin model will do well in the long run because it is overhead heavy--it has to pay out those salaries/MLS fees/continuing education/license fees, and payroll taxes, no matter what. Plus they pay the entire % to the buyer's agent, so that overhead is paid from their discounted cut. Maybe in a high volume/high priced area it would work.
The traditional model makes the agents take on all the risk, and pay their taxes and fees, as 1099 employees. Slow market? Buyers who look at 100 things and buy none of them? House that won't sell and then seller decides not to sell after all? Nobody gets paid. And, as previously mentioned, when they get a sale, the 5% is most likely spit between 4 people.
It is their managing broker (that is what my state calls them) that is the dead weight here--and the part of the transaction I see most likely to become obsolete. You never see them, they do none of the work, but if you look on your closing statement, the check goes to them. They determine what cut their agent gets. It is basically a MLM model. They don't pay the agent a salary, or pay any of their fees/insurance/taxes/etc. They carry the liability insurance for the whole transaction, pay the franchise fee for the *name*, and are at risk if their agent screws up.
In the old days, they offered the brick and mortar shop...but today, it isn't really used. So out of the 5%, the managing brokers are probably taking 1.5%, or maybe more...and not doing much for it, from what I can see. Maybe some post here, and will tell us what value they add. I don't see carrying the insurance to be worth 1.5% of the deal.
IMO, getting them out will be the key to lowering the commissions, and having a future where agents are independent operators. I think more agents don't do this because Americans are VERY brand name/advertising/megacorp loyal. They think that if they have heard of a place, it will be better quality/more trustworthy, etc. So for for now, the model stays.
If there is ever a very low/flat fee model, expect that you will be charged by the showing. No agent is going to show you 40 houses for some low, flat rate. And as a seller, I would not be willing to let random internet strangers into my house, who claim they might buy it, nor do I want to spend the time to show it to them....but that is me. Also, for me, the internet is NO match for the MLS...if they allowed "civilians" real access, I'd pay!
The traditional model makes the agents take on all the risk, and pay their taxes and fees, as 1099 employees. Slow market? Buyers who look at 100 things and buy none of them? House that won't sell and then seller decides not to sell after all? Nobody gets paid. And, as previously mentioned, when they get a sale, the 5% is most likely spit between 4 people.
It is their managing broker (that is what my state calls them) that is the dead weight here--and the part of the transaction I see most likely to become obsolete. You never see them, they do none of the work, but if you look on your closing statement, the check goes to them. They determine what cut their agent gets. It is basically a MLM model. They don't pay the agent a salary, or pay any of their fees/insurance/taxes/etc. They carry the liability insurance for the whole transaction, pay the franchise fee for the *name*, and are at risk if their agent screws up.
In the old days, they offered the brick and mortar shop...but today, it isn't really used. So out of the 5%, the managing brokers are probably taking 1.5%, or maybe more...and not doing much for it, from what I can see. Maybe some post here, and will tell us what value they add. I don't see carrying the insurance to be worth 1.5% of the deal.
IMO, getting them out will be the key to lowering the commissions, and having a future where agents are independent operators. I think more agents don't do this because Americans are VERY brand name/advertising/megacorp loyal. They think that if they have heard of a place, it will be better quality/more trustworthy, etc. So for for now, the model stays.
If there is ever a very low/flat fee model, expect that you will be charged by the showing. No agent is going to show you 40 houses for some low, flat rate. And as a seller, I would not be willing to let random internet strangers into my house, who claim they might buy it, nor do I want to spend the time to show it to them....but that is me. Also, for me, the internet is NO match for the MLS...if they allowed "civilians" real access, I'd pay!
Re: Redfin
I've not understood how to gauge redfin 'coverage', they do not have agents everywhere. I've been more interested in Zillows make me move, zero agent, just hire a real estate lawyer when you've found a buyer. There have been a couple of successful sales stories about that here I think. That seems like a true and overdue disruption. And they seem to have more coverage of areas, not sure how to see that.
-bb
-bb
Re: Redfin
Interesting video in which Buffett comments on Redfin:
https://www.cnbc.com/video/2018/02/26/b ... -hand.html
https://www.cnbc.com/video/2018/02/26/b ... -hand.html
When everyone is thinking the same, no one is thinking at all
Re: Redfin
Watched the video and can say for a fact the Mr. Buffet sounds totally unfamiliar with Redfin. I have used them twice in two parts of U.S. and they provide far better value and often better personal, in-person service than other real estate firms i have used (and I have used several over the years). Mr. Buffet's suggestion that Redfin does business remotely using just the internet without real people and in-person, personal service is totally wrong.
I just want to correct the impression he may give people and I mean no respect. He is an amazing individual. It is just that his description of Redfin is totally incorrect. They have licenses real estate agents who are in-market, salaried and receive benefits. They are measured on client satisfaction and not dependent on just pushing houses to make a commissions. They list homes for less than the going rates (e.g.: <3%) and they rebate buyers when a sale is made (~0.4%) -- so provide a better value, IMHO. Also, their web site is one of the best in terms of the information it provides. Only issue for some people will be that they do not operate in every market.
Based on my experience with them, I would highly recommend them.
Only thing to note is that than since they IPO'd and went public they have cut the % amount of the rebates that they provide to buyers by half and sometimes more. Obviously, they have moved from a start-up mentality to greater focus on (their) bottom line. Other than that, I will still plan to use them the next time I have a chance.
I just want to correct the impression he may give people and I mean no respect. He is an amazing individual. It is just that his description of Redfin is totally incorrect. They have licenses real estate agents who are in-market, salaried and receive benefits. They are measured on client satisfaction and not dependent on just pushing houses to make a commissions. They list homes for less than the going rates (e.g.: <3%) and they rebate buyers when a sale is made (~0.4%) -- so provide a better value, IMHO. Also, their web site is one of the best in terms of the information it provides. Only issue for some people will be that they do not operate in every market.
Based on my experience with them, I would highly recommend them.
Only thing to note is that than since they IPO'd and went public they have cut the % amount of the rebates that they provide to buyers by half and sometimes more. Obviously, they have moved from a start-up mentality to greater focus on (their) bottom line. Other than that, I will still plan to use them the next time I have a chance.
Re: Redfin
Here's the previous (now locked) thread on the topic:
viewtopic.php?t=239474
Might be good for the customers but it looks to me like a poor investment all-around.
Foxtons was a similar discount brokerage firm that failed in the U.S. market with the housing crisis.
https://www.google.com/search?num=50&q=foxtons++u.s.
viewtopic.php?t=239474
Might be good for the customers but it looks to me like a poor investment all-around.
Foxtons was a similar discount brokerage firm that failed in the U.S. market with the housing crisis.
https://www.google.com/search?num=50&q=foxtons++u.s.
Re: Redfin
We bought a house through Redfin a few years back. I am not sure we'd use them again.
What you miss out on is a real estate agents experience with an area. For example, the town we live in has a nice lake (we didn't know this before we bought.) We could have bought in a different community that has a HOA owned lakefront park with a dock. That would have been a lot of fun, if we lived in that community. Perhaps, with an actual agent, we would have considered that community.
We got a big refund when we bought our house. They have cut their refunds way back.
That said, they have a great website for looking at homes. Virtually everyone I know uses their website to find homes to provide to their full service agent as home touring suggestions.
What you miss out on is a real estate agents experience with an area. For example, the town we live in has a nice lake (we didn't know this before we bought.) We could have bought in a different community that has a HOA owned lakefront park with a dock. That would have been a lot of fun, if we lived in that community. Perhaps, with an actual agent, we would have considered that community.
We got a big refund when we bought our house. They have cut their refunds way back.
That said, they have a great website for looking at homes. Virtually everyone I know uses their website to find homes to provide to their full service agent as home touring suggestions.
Re: Redfin
There is a difference between a good company to do business with and a good investment. I agree that there is a need for their services and it may be a good business model, however, I never invest in a business which is involved in a race to the bottom in pricing in search of more volume, they just never seem to me to be good investments. It is the opposite of the WB moat idea.
Re: Redfin
Amazon? Walmart? Vanguard?GibsonL6s wrote: ↑Mon Feb 26, 2018 6:03 pm There is a difference between a good company to do business with and a good investment. I agree that there is a need for their services and it may be a good business model, however, I never invest in a business which is involved in a race to the bottom in pricing in search of more volume, they just never seem to me to be good investments. It is the opposite of the WB moat idea.
Re: Redfin
Did this lake not show up on any maps?miamivice wrote: ↑Mon Feb 26, 2018 3:46 pm What you miss out on is a real estate agents experience with an area. For example, the town we live in has a nice lake (we didn't know this before we bought.) We could have bought in a different community that has a HOA owned lakefront park with a dock. That would have been a lot of fun, if we lived in that community. Perhaps, with an actual agent, we would have considered that community.
I don't think the blame is all on Redfin for not knowing or showing that. With any agent, one would be wise to do their own research. You should have found this lake on your own, if living on or near a lake was important to you.
-
- Posts: 10837
- Joined: Thu Oct 15, 2015 3:53 pm
Re: Redfin
I thought this was the same person. And remember it getting locked. OP sounded like a cheerleader for Redfin. At this point it looks like it is slightly trailing the S&P 500 since the IPO. I am not sure why someone so sure of a stock needs to keep asking if it is a good stock.....Pajamas wrote: ↑Mon Feb 26, 2018 3:38 pm Here's the previous (now locked) thread on the topic:
viewtopic.php?t=239474
Might be good for the customers but it looks to me like a poor investment all-around.
Foxtons was a similar discount brokerage firm that failed in the U.S. market with the housing crisis.
https://www.google.com/search?num=50&q=foxtons++u.s.
Re: Redfin
We are and were very informed consumers. We would go to an open house and know more than the agents. For us a Redfin model would be preferred.
Alas, we have to deal with the slimy feeling RE industry when we bought, instead. We know which house we want, we know how to get it inspected, how to read contracts, etc. Why should we pay thousands and thousands of dollars for something we can easily handle with a per-hour RE attorney? As it was our first home purchase, we were also afraid of upsetting the local RE agents/industry if we didn't use them, as they are all in bed together. Felt like if we brought in a Redfin agent or family friend w/ RE license from out of the area, we risked losing the offer b/c they wouldn't want to work with us. That was the slimy feeling part of the industry and I hope that online listings and agents do away with it and quickly. The commissions are simply insane when median prices are over $1m - it is not necessary, and I will be happy to see this industry evolve, which is likely to take another decade or two.
Alas, we have to deal with the slimy feeling RE industry when we bought, instead. We know which house we want, we know how to get it inspected, how to read contracts, etc. Why should we pay thousands and thousands of dollars for something we can easily handle with a per-hour RE attorney? As it was our first home purchase, we were also afraid of upsetting the local RE agents/industry if we didn't use them, as they are all in bed together. Felt like if we brought in a Redfin agent or family friend w/ RE license from out of the area, we risked losing the offer b/c they wouldn't want to work with us. That was the slimy feeling part of the industry and I hope that online listings and agents do away with it and quickly. The commissions are simply insane when median prices are over $1m - it is not necessary, and I will be happy to see this industry evolve, which is likely to take another decade or two.
Re: Redfin
This. I don't need to pay some marginally useful agent thousands of dollars to tell me something I should have researched myself.chevca wrote: ↑Wed Mar 07, 2018 12:08 pmDid this lake not show up on any maps?miamivice wrote: ↑Mon Feb 26, 2018 3:46 pm What you miss out on is a real estate agents experience with an area. For example, the town we live in has a nice lake (we didn't know this before we bought.) We could have bought in a different community that has a HOA owned lakefront park with a dock. That would have been a lot of fun, if we lived in that community. Perhaps, with an actual agent, we would have considered that community.
I don't think the blame is all on Redfin for not knowing or showing that. With any agent, one would be wise to do their own research. You should have found this lake on your own, if living on or near a lake was important to you.
- arcticpineapplecorp.
- Posts: 15014
- Joined: Tue Mar 06, 2012 8:22 pm
Re: Redfin
didn't this thread move over to here:
viewtopic.php?t=239474
mods...should these two posts be merged?
viewtopic.php?t=239474
mods...should these two posts be merged?
It's hard to accept the truth when the lies were exactly what you wanted to hear. Investing is simple, but not easy. Buy, hold & rebalance low cost index funds & manage taxable events. Asking Portfolio Questions |
Re: Redfin
^^^ This thread was bumped 2 days after I bought a stock today - Redfin (RDFN) was locked.
This thread has run it's course and is locked. See: Locked Topics
The video was released on the same day (Mon, 26 Feb 2018). It's a different perspective (Warren Buffet), but the discussion is starting to go down the same path.Lauretta wrote: ↑Mon Feb 26, 2018 12:53 pm Interesting video in which Buffett comments on Redfin:
https://www.cnbc.com/video/2018/02/26/b ... -hand.html
This thread has run it's course and is locked. See: Locked Topics
... if a topic is locked, please do not start up another thread to continue the discussion...