The pyramidal hotel in North Korea whose construction started 2 decades ago & stays unfinished, has finally been revealed to the world! Shrouded in secrecy, a tour agency has released images. HuffPost write "The enormous hotel remains a source of fascination – and ridicule – for the outside world."

It's the company agents love to hate. Their Zestimates can have up to 20% margin of error, but that's not overtly explained to consumers. So, of course we realtors have to clean up their mess when sellers and buyers get confused by Zillow's inept values. Now, Citron Research has come out with a scathing report that clocks Zillow.com. Apparently their business model is bonkers. Read below! 

From Citron Research:
When it comes to investing in Web 2.0 , the stampede is on – everybody wants a part of the Next Big Thing.  The rewards have been great for companies like LinkedIn. But the risks of investing in anything less are devastating.  The market has been unforgiving in punishing disappointers, as seen in recent collapses in Facebook, Groupon, Zynga Netflix and Pandora. 

So what determines the difference?

Investible Web 2.0 companies have all of these critical success factors:

1)   A new and disruptive way to use internet technology to meet a real market need

2)   Exponential revenue growth driven by viral buzz, solidly founded on genuine customer loyalty

3)   Soaring revenues free of heavy expense models – not dependent on overhead-heavy sales department headcounts

4)   Revenue transparency throughout the complete business model

Zillow (NASDAQ:Z) has had an incredible run, doubling since January based on the hope it will become a Next Big Thing. 

But Citron sees more than just shadows of doubt here – Zillow utterly failseach of the four points above.  While management glibly talks the Web 2.0 game, Citron sees major red flags in every one of the four criteria above.    

About LuxuryRealEstate.com:
LuxuryRealEstate.com, a Webby Award Honoree, has been voted ‘Best of the Web’ by Forbes magazine multiple times, praised by the International Herald Tribune, Town & Country, the Wall Street Journal and has been ranked ‘Best Website’ by consumers according to surveys by the Luxury Institute. Since its debut in 1995, LuxuryRealEstate.com has remained the #1 portal for luxury properties on the internet, consistently driving more traffic to member websites and generating more qualified inquiries than any other website. LuxuryRealEstate.com has several times more $1,000,000+ content of any near-peer.

Known in the industry for the last quarter-century as the Who’s Who in Luxury Real Estate network, a global collection of the finest luxury real estate brokers in the world, this group of more than 70,000 professionals in more than 60 countries collectively sells in excess of $190 billion of real estate annually, with an average sale price of $2,450,000. Members sell homes for record prices and handle transactions of incredible complexity and magnitude with complete discretion. Every member is carefully selected by Chairman/Publisher John Brian Losh, one of REALTOR Magazine’s 25 Most Influential People in Real Estate and broker of fine properties and estates through his Seattle-based brokerage firm, Ewing & Clark, Inc. For more information, please visit www.LuxuryRealEstate.com

Eco-Friendly Home Decorating Ideas w/ Herman
for San Francsico Chonicle
You better watch! After all green homes sell for 9% more than non-green homes!