Market Is CRASHING . . . For Opendoor-Losing on 42% Of All Trans

[Account Closed]

Oh well, markets come & markets go

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Home Robo-Flipper Opendoor "In Danger Zone" After Losing Money On 42% Of All Transactions

It's almost as if those indicative prices you see on Zillow and OpenDoor are dead wrong.

“Opendoor’s metrics are in the danger zone,” DelPrete said in an interview. “They are very close to where Zillow was in its worst moments.”

Opendoor’s performance —as measured by the prices at which it bought and sold properties — was even worse in key markets such as Los Angeles, where the company lost money on 55% of sales, and Phoenix, where the share was 76%.

[Joe S.]

Does this mean that open door will end up changing their name to close door?😂