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{For this week we're unlocking a classic episode}\n\nWe talk about the absurdities of proptech \u2013 or the real estate technology sector \u2013 which is jam packed with out-of-control purchasing by house-flipping algorithms powered by automated valuation models that lead to balance sheets filled with liabilities and it\u2019s all fuelled by way too much free-flowing capital. In other words, a classic recipe for disaster.\n\nThe article we discuss: \n\u2022\u2022\u2022 House-flipping algorithms are coming to your neighborhood | Matthew Ponsford https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/\n\nSubscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills \n\nGrab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ \n\nHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)