I really like Chamath, but surprised he picked opendoor for IPOB. Is there really no better opportunities than online estate agent?! If Opendoor holds properties on their books, looks like WeWork 2.0. If they have high margins for the risks that they are taking on, will discourage punters. Buying/selling is so infrequent, and on such a big purchase, people are happy to wait for the right price. Online marketing is alright a big step.
Buying and selling is infrequent per capita but not in aggregate. Also, buying or selling a home is a pita of a transaction that is overpriced, overcomplicated, and ripe for disruption. I am a very satisfied IPOB investor so far, not only with my over 100% return to date, but also with the chosen company. Furthermore, I like what the CEO said on this video. I’m thinking my only problem on IPOB will end up being that I didn’t buy more. Actually, that’s already the case.
I have bought and sold this company 2 times not being sure....lol....I see videos that say they just flip houses like everyone else, then I see videos that say they cut a lot of middle men out...my first reaction is, who buys a house without looking at it in person? and what if they are cutting out important middle men, like the guy who looks for mold? I guess this could work if they are selling basic apartments in nyc where they are all the same...and covid plays a hands off role... but who is buying basic apartments in nyc with covid? maybe people in hong kong planing on bolting?
I really like Chamath. I'm sure he knows alot about this company and it sounds like this company has alot of potential yet it only has 481 reviews on the apple app store... how is a company who made $4,700,000,000 in 2019 have less than 500 people give them a review on the app store???? maybe it is super early stages and a great 10x opportunity...
Rykahnz, you hit the nail on the head. And they are losing money on each house. These people are crooks trying to cash out their money-losing company on the public.
They took the SPAC because if it would have done an IPO fee would have bought it. Think about this, OPEN has lost money over the past two years in one of the hottest housing markets in recent memory. When things stabilize will they still be flipping? Do they pivot as a brokerage? Looks like Eric Wu just wanted to cash out as quickly as possible. I’d short this puppy. Update: As of today (11/8/22) OPEN is now worth under $2. This stock is 💩.
Buy no brainer bullet proof cash rich companies: I bought Amazon, Apple, Nvidia, Zoom, Facebook, Microsoft, Google, Wells Fargo, Netflix TRUST THE PROCESS. The stock market goes up in the long term because it takes 2 steps forward for every 1 step backward. There's a lot of money on the sidelines, and new 401K money
They are trying to build a monopoly by having the lowest cost of capital. Their competitors have to go to banks with experienced profesionals which give them high rates to reflect the risk of the loan. OD will get their money from retail stock market gamblers that think losses just make it "like Amazon and Tesla!"
Open Door aint doodle until they improve their app to work horizontally. Eric mentions the "digital experience" is what people want...............wake up, bro.
Nice I like the choices Chamath, I'm up 50% on both SPCE and IPOB and I like the Disruptive Targets so far.
Hmmm
How you like them now?
@@wildreams how about now?
@@mikeni1225 Very very curious indeed.
I really like Chamath, but surprised he picked opendoor for IPOB. Is there really no better opportunities than online estate agent?! If Opendoor holds properties on their books, looks like WeWork 2.0. If they have high margins for the risks that they are taking on, will discourage punters. Buying/selling is so infrequent, and on such a big purchase, people are happy to wait for the right price. Online marketing is alright a big step.
Buying and selling is infrequent per capita but not in aggregate. Also, buying or selling a home is a pita of a transaction that is overpriced, overcomplicated, and ripe for disruption. I am a very satisfied IPOB investor so far, not only with my over 100% return to date, but also with the chosen company. Furthermore, I like what the CEO said on this video. I’m thinking my only problem on IPOB will end up being that I didn’t buy more. Actually, that’s already the case.
agreed, real estate seems like one of those things that needs disruption, but hard to pinpoint the best way to do it
I have bought and sold this company 2 times not being sure....lol....I see videos that say they just flip houses like everyone else, then I see videos that say they cut a lot of middle men out...my first reaction is, who buys a house without looking at it in person? and what if they are cutting out important middle men, like the guy who looks for mold? I guess this could work if they are selling basic apartments in nyc where they are all the same...and covid plays a hands off role...
but who is buying basic apartments in nyc with covid? maybe people in hong kong planing on bolting?
You should read the fine print of their process and terms. All the answers are there.
Buying everything Chamath sells. Democratizing ownership of blue chip private companies that want to go public.
"Consumers are choosing digital experiences first."
I really like Chamath. I'm sure he knows alot about this company and it sounds like this company has alot of potential yet it only has 481 reviews on the apple app store... how is a company who made $4,700,000,000 in 2019 have less than 500 people give them a review on the app store???? maybe it is super early stages and a great 10x opportunity...
Hmm 4.7B only takes what like 15k homes. Still that's pretty low, only 3.3% left a review, that might be normal though. I rarely leave reviews.
Rykahnz, you hit the nail on the head. And they are losing money on each house. These people are crooks trying to cash out their money-losing company on the public.
@@jhost0311 If they execute well they'll be successful long term
Buying a home instant !!!! Maybe for speculators !
They took the SPAC because if it would have done an IPO fee would have bought it. Think about this, OPEN has lost money over the past two years in one of the hottest housing markets in recent memory. When things stabilize will they still be flipping? Do they pivot as a brokerage? Looks like Eric Wu just wanted to cash out as quickly as possible. I’d short this puppy.
Update: As of today (11/8/22) OPEN is now worth under $2. This stock is 💩.
Buy no brainer bullet proof cash rich companies:
I bought Amazon, Apple, Nvidia, Zoom, Facebook, Microsoft, Google, Wells Fargo, Netflix
TRUST THE PROCESS.
The stock market goes up in the long term because it takes 2 steps forward for every 1 step backward.
There's a lot of money on the sidelines, and new 401K money
Wells Fargo?
you are making it too hard...buy the S %P 500...
yea but not everyone is satisfied with 15% annual gain
what do you think now?
They are trying to build a monopoly by having the lowest cost of capital. Their competitors have to go to banks with experienced profesionals which give them high rates to reflect the risk of the loan. OD will get their money from retail stock market gamblers that think losses just make it "like Amazon and Tesla!"
This stock is worth 1.66$ 8/11/24
Good buy?
Remember these faces - the architects of the next real estate bust ......
Open Door aint doodle until they improve their app to work horizontally. Eric mentions the "digital experience" is what people want...............wake up, bro.
Payed commercial don’t put a penny in it
Rocket Companies Inc (RKT) seems better deal than this one.
Lackluster CEO.
CNBC is a big pile of gossip, rarely any meaningful content just a bunch noise.
Gotta keep their wheels grease.
I just don't trust a guy with that style hair cut. Sorry I'm good.
Whats wrong with his haircut
Lol
Lol