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Housing Market Prediction: Opendoor will be BANKRUPT in 24 Months!

Houzeo
10.3K subscribers
4K views 2 years ago #zillow #housingmarket #redfin
Opendoor just reported nearly 1.4 billion dollars in losses. Does this mean the iBuyer is going to shut down like RedfinNow and Zillow Offers? We examine Opendoor's financial reports and business model to determine where they stand. Will they survive or will they crash? Let's investigate. Jump To: 00:00 - Intro 03:59 - Opendoor's Dismal Finances 5 Reasons Opendoor will be Bankrupt by 2024 08:57 - Reason 1: No Road to Profitability 13:16 - Reason 2: Few Homes Flipped in 2023 15:48 - Reason 3: Overrated Valuation algorithms 17:45 - Reason 4: Flawed Management Vision 18:33 - Reason 5: Opendoor Exclusives is Not a Compelling Product (yet) 20:24 - So, will Opendoor Survive? You might also like... PLS v. NAR: 3rd Bombshell Lawsuit That Could End Real Estate Agent Commissions:    • PLS v. NAR: 3rd Bombshell Lawsuit That Cou...   The Rise and Fall of REX Real Estate | Jack Ryan | Houzeo Forensics:    • The Rise and Fall of REX Real Estate | Jac...   #houzeo #opendoor #bankruptcy #opendoorbankruptcy #lawsuit #market #housingmarket #crisis #zillow #redfin #offerpad #ibuyer #commission #mortgage #housingmarket2023 ...more
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Housing Market Prediction: Opendoor will be BANKRUPT in 24 Months!
Opendoor just reported nearly 1.4 billion dollars in losses. Does this mean the iBuyer is going to shut down like RedfinNow and Zillow Offers? We examine Opendoor's financial reports and business model to determine where they stand. Will they survive or will they crash? Let's investigate. Jump To: 00:00 - Intro 03:59 - Opendoor's Dismal Finances 5 Reasons Opendoor will be Bankrupt by 2024 08:57 - Reason 1: No Road to Profitability 13:16 - Reason 2: Few Homes Flipped in 2023 15:48 - Reason 3: Overrated Valuation algorithms 17:45 - Reason 4: Flawed Management Vision 18:33 - Reason 5: Opendoor Exclusives is Not a Compelling Product (yet) 20:24 - So, will Opendoor Survive? You might also like... PLS v. NAR: 3rd Bombshell Lawsuit That Could End Real Estate Agent Commissions:    • PLS v. NAR: 3rd Bombshell Lawsuit That Cou...   The Rise and Fall of REX Real Estate | Jack Ryan | Houzeo Forensics:    • The Rise and Fall of REX Real Estate | Jac...   #houzeo #opendoor #bankruptcy #opendoorbankruptcy #lawsuit #market #housingmarket #crisis #zillow #redfin #offerpad #ibuyer #commission #mortgage #housingmarket2023

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Houzeo

10.3K subscribers
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