Redfin Is Leaving the National Association of Realtors
Props to Redfin. If there’s one area I’d love to see Silicon Valley actually disrupt, it’s real estate. There’s too many middlemen in this process— personally I don’t even think houses should be investments. I’ve never bought the argument by hedge funds that “we add valuable liquidity to the market (*for only a few billion dollars in fees!)”, but perhaps that argument might hold water for real estate.