Zillow's CFO: I'm a Fiancial Genius

So, as you probably know, Mr. Lacy and I just bought a house in the Mission. It's been quite the whirlwind as 102-year-old Victorians on a block that a new crew of pimps is trying to colonize can be. So as if there's not enough to agonize about the other day, Derek, our TIC partner who bought the house with us was fretting that we'd bought at the wrong time and the market was just going to keep cratering. "Everywhere I look there's a new story about how screwed up the housing market is," the normally buoyantly positive Derek said. (BTW- If you're reading this, um, yeah anyone in my life is blog-fodder. Sorry. I recommend words like "blog free zone" or "off the record" or "FOR GOD'S SAKE DON'T WRITE THIS ON YOUR BLOG, YOU FREAK!!" They tend to work with Mr. Lacy.)

Back to housing: Fortunately, I had a few interviews with Zillow's chief financial officer Spencer Rascoff on tap. Derek-- and anyone else wondering what to make of the barrage of negative headlines-- watch these:

Comments

[Chris O'Brien]

Tell your TIC partner to climb down off the ceiling. As long as you A) didn't agree to an insane mortgage and B) don't think of the house as a piggy bank, then you'll be fine. Just enjoy being a homeowner, and in the long term it will sell for more than you paid for it.

[sarah lacy]

Chris-

thanks for the comment! we have a very sane mortgage with a great rate and got way under market for the house. so i haven't been worried. besides, mr. lacy and i are never leaving san francisco and now we have a big house in a great neighborhood. we may stay here forever! THAT ability to put down roots is a great feeling.

[Rich D]

You spelled the post title wrong...