Post by account_disabled on Feb 25, 2024 10:25:04 GMT
The answer to this question. What if Opendoor grows and has homes in stock and the price suddenly collapses in a crash like in A few things. First even in million homes were bought and sold even then the market did not dry up. Secondly people are willing to sell a property at a greater discount when there are not many transactions in the market. Third historical data shows that if Opendoor had been on the market from to it would have only lost money for months. In a sense we receiv the answer to the question what about the crisis in .broke out in the US Opendoor cut employment by dismissing people.
The company continu to sell homes while not buying new ones reducing its home inventory from billion to million. Margins during this sale decreas only marginally by. In practice real estate prices never drop dramatically. Since there has only been one quarter in the US in which prices dropp by more than . So if Opendoor turns over its inventory quickly enough it Phone Number List wont have time to lose value as long as home values dont drop leaps and bounds faster than they have in the last years. Everything indicates that Opendoor has caught a very strong wind in its sails.
First the U.S. Federal Reserve has stat its intention to keep interest rates low in the long term which makes Opendoors financing cheap and its customers creditworthiness high. Secondly millennials have enter the real estate market and have no problem buying a house via smartphone. Third the fact that a much larger portion of the population is working from home is causing them to move south for better weather and quality of life. Fourth disproportionately few apartments were built in large US cities after which result in young people wanting to move out for economic reasons which in turn is reinforc.
The company continu to sell homes while not buying new ones reducing its home inventory from billion to million. Margins during this sale decreas only marginally by. In practice real estate prices never drop dramatically. Since there has only been one quarter in the US in which prices dropp by more than . So if Opendoor turns over its inventory quickly enough it Phone Number List wont have time to lose value as long as home values dont drop leaps and bounds faster than they have in the last years. Everything indicates that Opendoor has caught a very strong wind in its sails.
First the U.S. Federal Reserve has stat its intention to keep interest rates low in the long term which makes Opendoors financing cheap and its customers creditworthiness high. Secondly millennials have enter the real estate market and have no problem buying a house via smartphone. Third the fact that a much larger portion of the population is working from home is causing them to move south for better weather and quality of life. Fourth disproportionately few apartments were built in large US cities after which result in young people wanting to move out for economic reasons which in turn is reinforc.