I’m not at all surprised. I’m actually studying a similar algorithm but it’s also laced with problems. There are just some things that are difficult to quantify or problems that don’t appear until afterwards.
Bots are common with forex, stocks and even crypto.. but I think we have a long way to go before we can evaluate real estate algorithmicaly for quick profits..
Where I’m from, where the terrain is rolling and uneven, homes that have structural damage are very common. It’s often not until there is an inspection that the issue is brought to the forefront. When it’s determined that a home has structural damage, it shrinks the pool of buyers to only those who can afford to pay cash.
I’ve seen many homes in nice neighborhoods sell very cheap because they had structural damage. It’s expensive to repair and the majority of people can’t pay cash. If you can though, some awesome deals abound… You could get into a higher class neighborhood, where you may not typically be able to afford….Or you can rent it out. Sometimes it may make sense to make the structural repairs, if you feel the property will increase in value at some point in the future.
Anyway, this was interesting.
