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Craig Releases New App!

Speak of the devil, we just mentioned the former massive network effects from old sites, in particular the NYC loved and hated Craigslist. Researches and professors at the Harvard Business School have studied the phenomenon at length - or...

MMT: Modern Monetary Theory, or Magical Mortgage Tease?

For almost 10 years now, experts everywhere have called for rising mortgage rates. Shortly after the financial crisis, everyone everywhere felt bad about buying anything. But as we bounced from the March 2009 lows, slowly the financial gears began...

Craigslist, Freshness, Bait and Switch Problems

When Lawrence and I gave our original Demo Day pitch in the Summer 2009 Y Combinator batch, we cited Craigslist as a large part of the New York City apartment finder problem. Back then, you could not sort by...

ZipRealty: Early Pioneer turned Zombie Company?

Does anyone remember ZipRealty? Back in the Dotcom 1.0 era, they were among the first widespread discount real estate brokerage companies with a reasonably strong presence in the west coast. I have fond memories of using their saved search...

Is WeWork Default Dead or Default Alive?

Previously we talked about How Not To Die as a real estate agent. Another infamous Paul Graham term is "Default Alive or Default Dead". It sounds extremely harsh and morbid, but that's part of the point. Calling a company...

Yet Another StreetEasy Price Hike

There is another StreetEasy price hike on the Zillow-owned New York City product. It was free to post a rental exclusive until August 2017, when prices jumped to $3 per day. In Jan 2019 the price jumped 50% to...