Responding here given that you are calling out the 'fallacy' of others.
You seem to be making quite declarative statements here that are false:
-Buying real estate does not always end badly
-Zillow's core business is not transactions
Zillow's issue was not that they attempted to buy houses, it was that they didn't operate with enough fiscal discipline in doing so. They got too far out over their skis, as the saying goes.
Given your suggestion that someone who signed off on the idea should be fired, is there any record of you stating publicly that the person should be fired for the idea when they first started this endeavor (or at least when you first heard of it)? If not, it seems like you are operating with the fallacy of hindsight bias.
You seem to be making quite declarative statements here that are false:
-Buying real estate does not always end badly
-Zillow's core business is not transactions
Zillow's issue was not that they attempted to buy houses, it was that they didn't operate with enough fiscal discipline in doing so. They got too far out over their skis, as the saying goes.
Given your suggestion that someone who signed off on the idea should be fired, is there any record of you stating publicly that the person should be fired for the idea when they first started this endeavor (or at least when you first heard of it)? If not, it seems like you are operating with the fallacy of hindsight bias.