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The idea of massive technology companies — with mounds of data and deep pockets — bidding against ordinary people in an already absurd housing market sounds like the stuff of nightmares. That’s exactly what Zillow was up to in a business called “iBuy,” which used algorithms to identify attractive houses, buy them from sellers, make minor renovations and then flip them for profit. Zillow’s iBuy failure should serve as a reminder that the housing market is too complicated to outsmart with algorithms, and it’s best left in the hands of real es
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