They’re exclusively targeting people who don’t know how much their property is worth. Usually people in transitioning neighborhoods who bought their home 40 years ago for $10k, who don’t know that their property alone is worth $200k today and will happily take $80k cash from some rando on the phone because they think the 800% return is a great deal.

I’ve lived in neighborhoods like that for a while. The phone calls we receive are insane; in our old house, which we knew was worth $300k because we had just had it appraised to put it on the market, the guy on the phone offered us $65k sight unseen. I was like, “if you even took the twelve seconds to look at this property on Street View you’d know why that is a laughable idea.”