Post by account_disabled on Feb 28, 2024 4:35:49 GMT
The billion seven hundr and forty million dollars which is impressive considering that the company is only in cities and in its most mature locations has only achiev penetration of the home sales market. The entire business still generates a loss which for amount to USD million. At the same time their most mature market has better margins than new markets which suggests that as markets mature and they enter new ones the situation should improve. Is it a crazy thesis that a company from cities will increase the scale of operations to In my opinion no. And if the company achiev the same percent penetration there as in its current most mature markets we would be talking about revenues of around USD billion. I think thats within this teams reach conservatively speaking.
What if real estate prices fall Any business that has anything to do with real estate built after needs to have an answer to this question. and has homes in stock and the price suddenly collapses in a crash like in A few things. First even in Phone Number List 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 . When the coronavirus pandemic 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.
What if real estate prices fall Any business that has anything to do with real estate built after needs to have an answer to this question. and has homes in stock and the price suddenly collapses in a crash like in A few things. First even in Phone Number List 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 . When the coronavirus pandemic 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.