top | item 29061050 (no title) scottjg | 4 years ago given interest rates are at a historic low, i would be shocked if they are using actual cash to buy these houses. presumably they are buying with mortgages? discuss order hn newest vmception|4 years ago or the corporate entity has borrowed funds at the super low interest rates for general purposes which it uses for this purposecursory google search shows $1.1bn in bonds issued that wayas well as a more recent $450bn which is actually collateralized by the properties they've already bought, already in their portfolionot even 1:1 leverage, and a far cry from the 46:1 leverage seen on the institutional side in 2008https://aimgroup.com/2019/09/05/zillow-issues-1-1b-in-debt-a...https://www.bloomberg.com/news/articles/2021-08-03/zillow-45...
vmception|4 years ago or the corporate entity has borrowed funds at the super low interest rates for general purposes which it uses for this purposecursory google search shows $1.1bn in bonds issued that wayas well as a more recent $450bn which is actually collateralized by the properties they've already bought, already in their portfolionot even 1:1 leverage, and a far cry from the 46:1 leverage seen on the institutional side in 2008https://aimgroup.com/2019/09/05/zillow-issues-1-1b-in-debt-a...https://www.bloomberg.com/news/articles/2021-08-03/zillow-45...
vmception|4 years ago
cursory google search shows $1.1bn in bonds issued that way
as well as a more recent $450bn which is actually collateralized by the properties they've already bought, already in their portfolio
not even 1:1 leverage, and a far cry from the 46:1 leverage seen on the institutional side in 2008
https://aimgroup.com/2019/09/05/zillow-issues-1-1b-in-debt-a...
https://www.bloomberg.com/news/articles/2021-08-03/zillow-45...